MEETUP.

AI AI in Logistics - AI Meetup #13 @Wunder Mobility

Price prediction pipeline for

incoming trucking tours

Alessandro Romano
Data Scientist @ Cargonexx
Talk structure

What you’re gonna see in this talk:

● Who/What is Cargonexx
● Introduction to the Price Prediction problem in analysis
● Into the Price Prediction System!
● Price Prediction System components
● The final prediction pipeline
The Pricing problem

For every incoming tour we propose a price based on the Shipper requirements and
our historical data.

Shipper Carrier

Solving such problem brings qualitative and quantitative improvements in terms of

costs, scaling and market understanding.
The Pricing problem

For each tour a vector of features is computed:

● Tour length (km from city A to city B)
What do we know
● Type of truck needed
about the Tour?
● Loading/Unloading Place
● Date/Time information
● ...

A Feedback is collected when the Shipper decides How do we know if

whether to accept the proposed price or not: the Proposed Price
● Automatch trough our web app was right?
● Manual intervention
Price Prediction System (PPS)
PPS
Baseline
R/W

Price
Dashboard
R

From a Baseline to a more complex

solution:
● New requirements
● Interaction with the PPS Clusters
● Better Monitoring Performance
Dashboard
● New insights from the business
Improving our Baseline

We interviewed our domain experts searching for useful insights.

A set of hypotheses have been collected and validated:

● Geospatial information matter...a lot!
● Shipper historical acceptance
● The yearly seasonality needs to be taken in account
● Allow dynamically price multipliers to change
The Price Engine: under the hood
PPS

Price Dashboard

Clusters Performance
Dashboard
 The Price Engine: under the hood
To the Rule
Engine
Clustering Adding Price Engine
Seasonality Output

Taking out
Seasonality
Time Series Price
Decomposition Prediction
 The Price Engine: clustering
TRAINING

Model 1 Model 2 Model 3 Model N

INFERENCE

n
IN
Selecting the closest OUT t ha
r
New Tour
cluster
Prediction t te e!!
e
c h b cod
u P
M e ZI
th
Price Dashboard and Monitoring

Price Dashboard Clusters Performance Dashboard

● Price Engine performance ● Clusters price performance

monitor over multiple versions ● Clusters map visualization
● Rule Engine web interface ● Shipments details for each
● More settings… cluster
Price prediction pipeline

New Model Price Propose

Tour Selection Prediction Price

The selection is The prediction is The Shipper sees

based on the adjusted in terms the final price.
distance between of rules that need
the new Tour and to be applied.
the clusters that
have been
computed.
Thank you!

Cargonexx Career
https://www.cargonexx.com/en/jobs