February 17, 2011
If you have ever wondered whether aggregating low volume lanes is a way to lower full truckload costs then conjecture no longer; research shows that such a strategy can achieve savings of up to 15 percent over spot market rates.
The research project was sponsored by C. H. Robinson Worldwide, Inc. and carried out by Julia M. Collins and R. Ryan Quinlan, graduate students at the Massachusetts Institute of Technology (MIT) in the Master of Engineering in Logistics program. Using two years of event data for roughly 500,000 valid, historic truckload transactions supplied by TMC, a division of C.H. Robinson Worldwide, Inc, the researchers analyzed the impact of lane aggregation on rates. Read More...
Tags: MIT lane bundling
Categories: Procurement Research Transportation Management