Optimal Dynamics Reports Significant Year-Over-Year Growth and Hosts Inaugural User Conference

Optimal Dynamics User Conference ● Rick Larkin, CIO of BCB Transport, shares fleet success stories at Optimal Dynamics User Conference ● Photo Credit: Optimal Dynamics

NEW YORK, February 21, 2024 (VSNewsNetwork.com) - Optimal Dynamics, a company specializing in automated decision intelligence for the transportation sector, has reported significant growth for the fiscal year ending January 31, 2024. According to a company press release, following a strategic expansion of its market efforts in 2021, the company has continued to outpace market expectations with notable increases in bookings, deal sizes, and customer deployments.

The company's performance highlights include a year-over-year doubling of net new bookings, a 56% growth in average deal size, and a threefold increase in the number of fully deployed customers. Optimal Dynamics now services a substantial portion of the industry, with over 16,000 trucks under contract, leveraging its technology to make over 100,000 optimal decisions daily for its clients. This decision-making capability has significantly enhanced clients' operational efficiencies, evidenced by double-digit increases in revenue and mileage per truck per week.

Scott Kenerly, CFO of Optimal Dynamics, detailed the company's investment strategy, stating, “We’ve continued to invest in our data architecture and scalability, increasing our spend by 20% this year, which is driving consistent usage, faster deployments, and, ultimately, a more lucrative operation for customers.”

Despite a challenging freight market, Optimal Dynamics has successfully expanded its client base, attracting new customers from enterprise and mid-market carriers to blue-chip third-party logistics providers (3PLs). Daniel Powell, co-founder and CEO, remarked on the company's growth trajectory, “Our sales growth and customer adoption are accelerating - we have experienced six consecutive months of steady customer acquisition.” Powell's comments reflect the industry's growing reliance on Optimal Dynamics' solutions to navigate market complexities.

The company's inaugural user conference, held in Phoenix, provided an opportunity for direct engagement between Optimal Dynamics' team and its clients. Jason Porter, sales and strategy manager at Grand Island Express, shared his experience at the conference, highlighting the benefits of early-stage partnership engagement: “Joining this user conference in the early stages of our partnership was invaluable. The access provided to the Optimal Dynamics team, from the c-suite to our dedicated support and deployment teams combined with learning from successful customers in an intimate environment, will set us up for success moving forward.”

In response to its continued growth, Optimal Dynamics is launching a LinkedIn Live series titled “The Road Ahead: How Decision Intelligence is Transforming Trucking,” aiming to further explore the impact of its technologies on the trucking industry.

For more details on Optimal Dynamics and its offerings, visit www.optimaldynamics.com.

Source: Optimal Dynamics via Newswire