Bosch RevX is a dispatching solution within the logistics ecosystem for fleet owners, freight carriers, shippers and brokers to have more covered shipments.
Photo: Bosch
Bosch has launched RevX, a new dispatcher optimization tool designed to streamline fleets’ search for freight.
The company said RevX is a comprehensive dispatching solution in the logistics ecosystem for fleet owners, freight carriers, shippers and brokers to have more covered shipments.
RevX will use artificial intelligence (AI) to turn searches across millions of potential loads into recommendations for the best load while minimizing manual data entry and errors.
This is the second Bosch product to launch on the company’s Logistics Operating System (L.OS), which debuted last year in Europe, India and the United States.
Simplified Logistics Options
According to Bosch, RevX is a sign-on software tool that simplifies logistics by consolidating spot market shipments across multiple sources. These shipments are consolidated into the system to help dispatchers find loads.
The new cloud-based service from Bosch aggregates search results across multiple brokers and load boards based on a specific criterion, calculates profits, and helps with data-driven decision-making to eliminate empty miles.
According to Bosch, the L.OS platform is designed to simplify technology and operational processes in the transportation and logistics industry. Since its debut, more than 60 solutions have been integrated into the platform globally, including 17 in the U.S.
“L.OS connects the logistics-related products, services, and technology offerings of our strategic partners to solve our customers’ critical pain points that reduce cost and improve profitability across the logistics ecosystem,” said Luke Hugel, president and regional business responsible for Bosch Mobility Platform & Solutions, North America.
“By adding RevX to the L.OS platform, fleets now have access to the fastest way to find and win the best load for them on the spot market, in that moment. Furthermore, with L.OS, these loads can seamlessly integrate with the fleet’s transportation management system.”
In the future, Bosch said it plans to offer increased functionality within RevX. For instance, search results in a scheduler to forecast driver and equipment capacity for loads up to a week into the future, as well as enhanced load planning and process flows.
Technology for Tight Freight Markets
According to Bosch, the carrier freight market has become extremely competitive since the recovery after the Covid‑19 pandemic. Economic projections indicate by 2030 global goods transport will grow more than 40%, and by 2050 this figure is expected to exceed 145%. according to the company.
Even with this growth, according to Bosch, the majority of transportation companies still organize their daily business manually or with an assortment of disconnected computer programs. RevX was designed to help those fleets generate additional revenue across the L.OS platform.
A RevX advantage cited by Bosch is increased driver and equipment utilization. Reducing empty miles traveled has a positive impact on driver pay, fleet profitability, and industry sustainability efforts. According to the U.S. Department of Transportation, up to 35% of the truck miles (106 billion) are empty miles. RevX aims to reduce this by over 5%, bringing value to fleet owners, freight carriers, shippers and brokers.
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