TRAILBLAZER
Dr Chris Caplice
JOB TITLE: FOUNDER & C0-DIRECTOR COMPANY: MIT FREIGHT LAB
Dr Chris Caplice of MIT is one of the most decorated and influential thinkers around freight and logistics.
D
r Chris Caplice is a pioneering freight academic at the Massachusetts Institute of Technology (MIT), where he has established a reputation as one of the world’s foremost authorities on logistics. Dr Caplice founded and co-directed MIT FreightLab, a position he held for 14 years. The purpose of the FreightLab is to drive innovation in freight transportation planning and operations, and then drive them into practice. The ultimate goal is to reduce cost, minimise risk and increase service levels. “Freight transportation is subject to highly volatile demand and costs that are typically outside of a firm’s ability to control or even influence,” Caplice is on record as saying. “This is compounded by a dominant design in terms of how freight is historically procured and managed. FreightLab research focuses on working with companies to develop and implement real-world solutions to these challenges.” FreightLab many achievements include developing methods for forecasting both short-term spot-market rates and longerterm contract rates.
16
August 2022
