A fast and efficient method for network re-optimization is described. In one embodiment, the technique uses an algorithm that requires limited aggregate information to continually monitor the network for re-optimization opportunities. The re-optimization of the present invention enables a network to accommodate more traffic without adding capacity. The re-optimization of the present invention is performed only when network efficiency benefits above a predetermined threshold may be obtained. In addition, a least-cost set of sessions is determined to perform the re-routing of the present invention to attain the desired network efficiency.