Evaluating and pricing lanes in the truckload motor freight industry

Timothy Madden and Robert A. Russell

International Journal of Revenue Management, 2009, vol. 3, issue 3, 235-251

Abstract: In this article, we develop methods for evaluating and pricing lanes in the truckload motor freight industry. An optimisation-based simulation approach is used to suggest lane prices in the carrier's existing network and to examine various strategic scenarios. Two efficient heuristics are developed which provide relatively accurate prices and facilitate implementation. Computational results are reported and the pricing methods are compared to actual carrier prices and prices from a commercial data service.

Keywords: heuristics; lane pricing; optimisation based simulation; revenue management; carrier prices; motor freight industry; trucking. (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijrevm:v:3:y:2009:i:3:p:235-251

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