Reduction in overall miles driven
Fewer Trucks Used
Less truck drivers used
Decrease in overall operation costs
A leading North American trucking company was looking to overhaul its operations with multiple objectives, including reducing their direct operating costs and reducing their environmental impact.
Operating around 300 trucks, direct and indirect operating costs related to regularly planning, scheduling, and driving across thousands of miles were increasing significantly. Additionally, the company wanted to reduce its environmental impact, mostly due to direct emissions from significant fuel burn, but also from indirect impacts such as tire retreading and other various oils and hazardous materials associated with use-based maintenance of the trucks.
When looking for a holistic solution, BoldIQ stood out as being able to provide real-time optimal plans for the efficient use of resources, resulting in both reduced operating costs and reduced environmental impact. Moreover, creating additional revenue-generating capacity (without capital investment) was an added bonus.
The dynamic operation had a continuously changing demand structure with stringent delivery windows for perishable goods. Moreover there were significant capacity and use constraints for the resources (trucks and unionized drivers). Adding to this were constraints around highways and toll roads, traffic, unexpected mechanical breakdowns and driver no-shows, temporary plant shutdowns, and additional ad-hoc disruptions.
With BoldIQ’s Okhama, a unique operations-focused and proprietary optimization engine – the company was able to address its range of requirements. By utilizing sophisticated optimization algorithms and methodologies, the trucking company is able to plan the utilization of its resources more efficiently, as well as manage and recover from disruptions quickly and effectively.
The end result: a real-time operating plan that optimizes the use of resources, minimizing the required resources to meet demand, and minimizing non-revenue legs – in both cases directly reducing unnecessary operating costs, fuel burn, and emissions.
With BoldIQ, the trucking company is able to truly achieve a double bottom line, taking full advantage of their expensive resources.