Optimizing Rail Shipments for Commodity Transactions

• US 20090271237A1
• Filed: 04/28/2009
• Published: 10/29/2009
• Est. Priority Date: 04/28/2008
• Status: Abandoned Application

• Current Assignee: Rail Insight, LLC
• Original Assignee: Rail Insight, LLC
• Inventors: Siccardi, Arthur J. JR., Gordon, Daniel L., Luther, Daniel
• Application Number:
  US12/431,125
• Publication Number:
  US 20090271237A1
• Time in Patent Office: Days
• US Class Current: 705/7
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• CPC Class Codes: G06Q 10/08 Logistics, e.g. warehousing, loading or distribution; Inventory or stock management
• CPC Class Codes: G06Q 10/08345 Pricing
• CPC Class Codes: G06Q 50/28 Logistics, e.g. warehousing, loading, distribution or shipping

Abstract

Embodiments for optimization of at least one previously established rail shipment of a commodity are described herein. More specifically, one embodiment of a method includes receiving data related to a first previously established rail shipment the first previously established rail shipment established via a first supplier and exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment.

Claims

1. A computer-implemented method for optimization of at least one previously established rail shipment of a commodity, comprising:

receiving data related to a first previously established rail shipment, the first previously established rail shipment including a first origin and a first destination, the first previously established rail shipment being established by a first supplier;

determining whether exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment that is established by a second supplier will result in lower shipment costs for at least one of the first supplier and the second supplier, the second previously established rail shipment including a second origin and a second destination; and

in response to a determination that exchanging at least a portion of the first previously established rail shipment with the second previously established rail shipment will result in lower shipment costs for at least one of the first supplier and the second supplier, exchanging at least a portion of the first previously established rail shipment with the second previously established rail shipment such that the first supplier facilitates shipment of commodities from the first origin to the second destination and the second supplier facilitates shipment of commodities from the second origin to the first destination.

2. The computer-implemented method of claim 1, wherein determining whether exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment will result in lower shipment costs for at least one of the first supplier and the second supplier includes comparing the first origin and the first destination with the second origin and the second destination.

3. The computer-implemented method of claim 1, wherein receiving data related to the first previously established rail shipment includes receiving a hurdle rate threshold from the first supplier that indicates a minimum savings required for exchanging shipments.

4. The computer-implemented method of claim 3, wherein determining whether exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment will result in lower shipment costs for at least one of the first supplier and the second supplier includes determining whether the hurdle rate threshold is met.

5. The computer-implemented method of claim 1, wherein receiving data related to the first previously established rail shipment includes receiving a timeframe for delivery of the first previously established rail shipment.

6. The computer-implemented method of claim 1, wherein the commodity includes ethanol.

7. The computer-implemented method of claim 1, further comprising, in response to a determination that exchanging at least a portion of the first previously established rail shipment with the second previously established rail shipment will not result in lower shipment costs for at least one of the first supplier and the second supplier, determining whether exchanging at least a portion of the first previously established rail shipment with a third previously established rail shipment that was established by a third supplier will result in lower shipment costs for at least one of the first supplier and the third supplier.

8. A system for optimization of at least one previously established rail shipment of a commodity, comprising:

a memory component configured to store at least the following;

receiving logic configured to receive data related to a first previously established rail shipment, the first previously established rail shipment including a first origin and a first destination, the first previously established rail shipment being established by a first supplier;

first determining logic configured to determine whether exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment that is established by a second supplier will result in greater efficiency for at least one of the first supplier and the second supplier, the second previously established rail shipment including a second origin and a second destination; and

exchanging logic configured to, in response to a determination that exchanging at least a portion of the first previously established rail shipment with the second previously established rail shipment will result in greater efficiency for at least one of the first supplier and the second supplier, exchange at least a portion of the first previously established rail shipment with the second previously established rail shipment such that the first supplier facilitates shipment of commodities from the first origin to the second destination and the second supplier facilitates shipment of commodities from the second origin to the first destination.

9. The system of claim 8, wherein determining whether exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment will result in greater efficiency for at least one of the first supplier and the second supplier includes comparing the first origin and the first destination with the second origin and the second destination.

10. The system of claim 8, wherein receiving data related to the first previously established rail shipment includes receiving a hurdle rate threshold from the first supplier that indicates a minimum savings required for exchanging shipments.

11. The system of claim 10, wherein determining whether exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment will result in greater efficiency for at least one of the first supplier and the second supplier includes determining whether the hurdle rate threshold is met.

12. The system of claim 8, wherein receiving data related to the first previously established rail shipment includes receiving a timeframe for delivery of the first previously established rail shipment.

13. The system of claim 8, wherein the commodity includes ethanol.

14. The system of claim 8, further comprising, second determining logic configured to, in response to a determination that exchanging at least a portion of the first previously established rail shipment with the second previously established rail shipment will not result in greater efficiency for at least one of the first supplier and the second supplier, determine whether exchanging at least a portion of the first previously established rail shipment with a third previously established rail shipment that was established by a third supplier will result in greater efficiency for at least one of the first supplier and the third supplier.

15. A computer-readable storage medium for optimization of at least one previously established rail shipment of a commodity that stores a computer program that, when executed by a computer, causes the computer to perform at least the following:

receive data related to a first previously established rail shipment, the first previously established rail shipment including a first origin and a first destination, the first previously established rail shipment being established by a first supplier;

determine whether exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment established by a second supplier will result in lower shipment costs for at least one of the first supplier and the second supplier, the second previously established rail shipment including a second origin and a second destination; and

in response to a determination that exchanging at least a portion of the first previously established rail shipment with the second previously established rail shipment will result in lower shipment costs for at least one of the first supplier and the second supplier, exchange at least a portion of the first previously established rail shipment with the second previously established rail shipment such that the first supplier facilitates shipment of commodities from the first origin to the second destination and the second supplier facilitates shipment of commodities from the second origin to the first destination.

16. The computer-readable storage medium of claim 15, wherein determining whether exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment will result in lower shipment costs for at least one of the first supplier and the second supplier includes comparing the first origin and the first destination with the second origin and the second destination.

17. The computer-readable storage medium of claim 15, wherein receiving data related to the first previously established rail shipment includes receiving a hurdle rate threshold from the first supplier that indicates a minimum savings required for exchanging shipments.

18. The computer-readable storage medium of claim 17, wherein determining whether exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment will result in lower shipment costs for at least one of the first supplier and the second supplier includes determining whether the hurdle rate threshold is met.

19. The computer-readable storage medium of claim 15, wherein receiving data related to the first previously established rail shipment includes receiving a timeframe for delivery of the first previously established rail shipment.

20. The computer-readable storage medium of claim 15, wherein the commodity includes ethanol.

21. A computer-implemented method for optimization of at least one previously established rail shipment of a commodity, comprising:

receiving data related to a first previously established rail shipment the first previously established rail shipment established via a first supplier; and

exchanging at least a portion of the first previously established rail shipment with a second previously established rail shipment.