Lane-exchange mechanisms for truckload carrier collaboration

Title: Lane-exchange mechanisms for truckload carrier collaboration
Creator: Özener, Okan Örsan; Ergun, Özlem; Savelsbergh, Martin
Relation: Transportation Science Vol. 45, Issue 1, p. 1-17
Publisher Link: http://dx.doi.org/10.1287/trsc.1100.0327
Publisher: Institute for Operations Research and the Management Sciences (INFORMS)
Resource Type: journal article
Date: 2011
Description: Because of historically high fuel prices, the trucking industry’s operating expenses are higher than ever and thus profit margins are lower than ever. To cut costs, the trucking industry is searching for and exploring new ideas. We investigate the potential of collaborative opportunities in truckload transportation. When carriers serve transportation requests from many shippers, they may be able to reduce their repositioning costs by exchanging one or more of them. We develop optimization models to determine the maximum benefit that can be derived from collaborating. We also develop various exchange mechanisms which differ in terms of information sharing requirements and side payment options that allow carriers to realize some or all of the costs savings opportunities.
Subject: carrier collaboration; truckload shipping; lane-covering problem; lane exchanges
Identifier: http://hdl.handle.net/1959.13/937749
Identifier: uon:12611
Identifier: ISSN:0041-1655
Language: eng
Reviewed

		Thumbnail	File	Description	Size	Format