Data-driven Machine Learning model predicts spot price for freight brokers by considering data inputs from history, live information, current market conditions, customer and carrier profiles to maximize revenue for every load.
Highlights
* Model uses internal historical data from customer to predict the sell price and overlay with business inputs to present to Carrier Reps with 3 Ranges of price points. Min, Median and Max.
* Maximization of price based on Carrier and Customer Characteristics.
* Model also uses DAT, FW, SONAR data around Average price per Markets, Load / Truck Ratio,freight Sonar Indices to characterize the Inbound / Outbound markets and adjust the predicted price accordingly
* Metrics are broken down to measure at carrier and customer level to monitor the effectiveness of suggested prices
* Model can be further customized and fine tuned according to the business needs
AWS Marketplace now accepts line of credit payments through the PNC Vendor Finance program. This program is available to select AWS customers in the US, excluding NV, NC, ND, TN, & VT.
This listing is free to subscribe, with three ways to run the freight spot pricing model. Two dimensions cover model inference on the ml.m4.xlarge instance type, billed per host hour. One runs in batch mode for grouped predictions, the other in real-time mode for immediate responses. The third dimension charges per inference request instead of by host hour. You choose based on how you consume predictions: pay for the compute time an instance runs, or pay for each request processed. The model generates data-driven spot pricing for freight loads.
Top-of-mind questions for buyers
What does the ml.m4.xlarge host-hour charge cover, and what counts as one billed hour?
The host-hour charge covers the time an ml.m4.xlarge instance runs your pricing model. You pay for each hour the instance is active, whether in batch or real-time mode. Billing follows the running time of the compute instance, not the number of predictions produced during that time.
How do the host-hour dimensions differ from the per-request inference dimension for my bill?
The two ml.m4.xlarge dimensions meter instance run time by the hour, so cost tracks how long compute stays active. The inference.count.m.i.c dimension meters each request processed instead. Host-hour billing suits steady, ongoing workloads. Per-request billing suits intermittent use where you only pay when a prediction runs.
When should I pick batch mode versus real-time mode on the ml.m4.xlarge instance?
Batch mode processes grouped predictions together, so it fits scheduled pricing runs over many freight loads at once. Real-time mode returns immediate responses, so it fits live carrier rep conversations that need instant spot prices. Both bill per host hour on the same instance type.
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An Amazon SageMaker model package is a pre-trained machine learning model ready to use without additional training. Use the model package to create a model on Amazon SageMaker for real-time inference or batch processing. Amazon SageMaker is a fully managed platform for building, training, and deploying machine learning models at scale.
Deploy the model on Amazon SageMaker AI using the following options:
Real-time inference
Deploy the model as an API endpoint for your applications. When you send data to the endpoint, SageMaker processes it and returns results by API response. The endpoint runs continuously until you delete it. You're billed for software and SageMaker infrastructure costs while the endpoint runs. AWS Marketplace models don't support Amazon SageMaker Asynchronous Inference. For more information, see Deploy models for real-time inference .
Batch transform
Deploy the model to process batches of data stored in Amazon Simple Storage Service (Amazon S3). SageMaker runs the job, processes your data, and returns results to Amazon S3. When complete, SageMaker stops the model. You're billed for software and SageMaker infrastructure costs only during the batch job. Duration depends on your model, instance type, and dataset size. AWS Marketplace models don't support Amazon SageMaker Asynchronous Inference. For more information, see Batch transform for inference with Amazon SageMaker AI .
Version release notes
Beta release
Additional details
Inputs
Outputs
Sample notebooks
Inputs
Summary
All the inputs are mandatory
Distance in KMS i.e. 63.3
Weight in pounds i.e. 43500
order lead time in days i.e. 28.0
OriginPostalcode (US Postal code format - Five digit code) i.e. 38261
destinationPostalcode (US Postal code format - Five digit code) i.e. 38301
The following table describes supported input data fields for real-time inference and batch transform.
Field name
Description
Constraints
Required
Distance
Distance in KMS
Weight in pounds
order lead time in days
OriginPostalcode (US Postal code format - Five digit code)
destinationPostalcode (US Postal code format - Five digit code)
Type: Continuous
Yes
Weight
Distance in KMS
Weight in pounds
order lead time in days
OriginPostalcode (US Postal code format - Five digit code)
destinationPostalcode (US Postal code format - Five digit code)
Type: Continuous
Yes
orderleadtime
Distance in KMS
Weight in pounds
order lead time in days
OriginPostalcode (US Postal code format - Five digit code)
destinationPostalcode (US Postal code format - Five digit code)
Type: Continuous
Yes
OriginPostalcode
Distance in KMS
Weight in pounds
order lead time in days
OriginPostalcode (US Postal code format - Five digit code)
destinationPostalcode (US Postal code format - Five digit code)
Type: Continuous
Yes
destinationPostalcode
Distance in KMS
Weight in pounds
order lead time in days
OriginPostalcode (US Postal code format - Five digit code)
destinationPostalcode (US Postal code format - Five digit code)
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