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Loadsmart introduced FreightIntel AI (FI.AI), an advanced freight analytics and intelligence solution that reveals transportation insights and optimization opportunities from raw transportation data.
“With FreightIntel AI, you get a non-biased, immediate evaluation of your freight spend. Depending on the company, it can decrease transportation costs by 3-15% by generating cost-reduction opportunities and can optimize internal labor by up to 10-20%,” according to Loadsmart.
Key takeaways:
- FreightIntel AI behaves like a senior analyst who has already been trained to understand transportation nuances and can craft insights without direction and without delay. Shippers can plug in their data and get valuable insights immediately. It works by leveraging shippers’ own logistics data and Loadsmart’s extensive dataset of trusted benchmarking data, together with the latest artificial intelligence (AI) technology to generate observations and insights tailored to individual company needs.
- This advanced tool leverages true machine learning capabilities to comb through complex datasets, learn from patterns, and tailor recommendations.
- FreightIntel AI is a standalone technology that allows you to either upload data manually or integrate it directly with a data source for seamless insight creation. It filters through the noise of large datasets and focuses on actionable optimization opportunities, like clusters of shipments (by carrier, lane, or region) with above market rates; high accessorial costs linked to certain carriers/lanes/origins/destinations; backhaul opportunities; unusual distribution of loads across carriers; lanes, regions, or carriers with poor OTD or poor OTP; opportunities to move from spot to contract or the opposite based on volume, consistency, and market forecasts; FTL consolidation opportunities; long hauls and possible facility relocation options; mode optimization; routing guide optimization; transit time and lead time offenders; and more.
- FreightIntel AI is also natively embedded into ShipperGuide TMS for seamless freight planning, procurement, execution, settlement, reporting, and now analysis and recommended next steps, and can be integrated with other platforms and transportation management systems (TMS).
