Louisville, Kentucky – Bosch has announced the launch of RevX, a solution designed to streamline fleets’ search for freight, today at the largest heavy-duty trucking show in North America, the Mid-American Trucking Show.
RevX offers a seamless sign-on solution that simplifies logistics by consolidating spot market shipments across multiple sources into a single tool designed to aid dispatchers in finding the load.
The new cloud-based service from Bosch aggregates search results across multiple brokers and load boards based on a specific criterion, calculates profits, and effortlessly helps with data driven decision making to eliminate empty miles.
RevX 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. The L.OS platform aims to simplify technology and operational processes in the transportation and logistics industry.
It is open to all providers of logistics solutions to facilitate the smooth interplay of disparate services and data for companies operating in the logistics space. 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 plans to offer increased functionality within RevX for topics ranging from search results in a scheduler to forecast driver and equipment capacity for loads up to a week into the future, enhanced load planning and process flows – all from a single source. RevX will use artificial intelligence to turn searches across millions of potential loads into recommendations for the best load and deliver one-click communication to help ensure dispatchers secure the revenue-generating loads swiftly while minimizing manual data entry and errors.
Tight freight markets require technology to win the transportation and logistics industry moves the U.S. economy however the carrier freight market has become extremely competitive since the recovery after the Covid19 pandemic, when online orders and parcel deliveries saw sharp increase. Economic projections indicate by 2030 global goods transport will grow more than 40 percent, and by 2050 this figure is expected to exceed 145 percent.
Even with this growth, the majority of transportation companies still organize their daily business manually or with an assortment of disconnected computer programs, so the need for RevX to help generate additional revenue across the L.OS platform is greater than ever.
Another RevX advantage 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 US Department of Transportation, up to 35 percent 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.
