Data-driven risk assessment for truckload service providers
Name
927170106-MIT.pdf
Description
Full printable version
Size
9.04 MB
Format
Adobe PDF
Checksum (MD5)
606ba8b021401d846824bad44876d2af
Author(s)
Chittella, Sriram Kishore
Machado Teixeira, Marcos
Advisor(s)
Daniel W. Steeneck.
Date Issued
2015
Publisher
Massachusetts Institute of Technology
Abstract
Non-asset backed third-party logistics companies provide shippers access to a flexible source of capacity through transportation carrier spot market. The increased volatility in the trucking spot market rates is turning the 3PL businesses more risky and complex. To maximize profitability, a better understanding of the risk and the volatility patterns across the different geographies, time periods and other factors are investigated based on three years of real spot market data from a major 3PL company in US. Throughout this research we investigate the nature of trucking spot market volatility to allow truckload service providers to reduce their risk when setting long-term contracts. Using three different measures of volatility we are able to assess the company's risk profile and arise with insights to improve truckload service providers' business.
Description
Thesis: M. Eng. in Logistics, Massachusetts Institute of Technology, Engineering Systems Division, 2015.
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 78-79).
Subjects
Engineering Systems Division.
MIT Department
Massachusetts Institute of Technology. Engineering Systems Division
Terms of Use
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