White Papers
Your Questions. Answered.
Banyan Technology’s in-house experts offer clear explanations of some of the industry’s most complex aspects in the following white papers. Whether you’re a Shipper, 3PL, Broker or Forwarder, our guides break down ongoing trends and new developments in the over-the-road (OTR) industry.
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How Shippers Can Reduce Freight Spend in 2022
Many Shippers still depend on dated methods for obtaining carrier rates, lane availability and scheduling. Printed documents, rate tables, email […]
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Helping 3PLs Increase the Bottom Line in 2022
A technology partner that is constantly innovating to evolve with the industry is a critical resource during this challenging time. […]
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Choosing the Right Supply Chain Technology Partner
After assessing your tech environment and realizing it’s time to upgrade, the next step is choosing who will be your […]
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Maximize Efficiency and Profit by Upgrading Your Outdated Freight Management Technology
According to the Wall Street Journal, as few as 40 percent of transportation companies have switched to digital systems and processes. Historically, the transportation logistics industry has struggled with maintaining a clear path forward in the areas of technology or innovation, and traditional, outdated methods of doing business have slowed growth and profitability across the industry.
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Partnering Makes Perfect: Create the Ideal Freight Management Technology Environment with the Help of a Solutions Expert
Technology is proliferating across the supply chain, and digitization and automation are becoming increasingly expected. No matter where a company is on the technology spectrum, from just getting started to having a robust software platform, there are always new solutions and applications being created with even more enhanced benefits. To ensure your organization is getting the most out of its freight management technology environment, it is important to know the solutions that are available and what is the right fit for your company.
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Transparency: The Key to Effective Shipper and Carrier Partnerships
Effective relationships are the key to any business, and for shippers and carriers, they can even be the difference between failure and success. While shippers can readily recognize service and performance differences with carriers that operate solely based on low cost, they often struggle to note the different strengths between top-quality trucking companies. By enabling improved transparency, however, premium transportation services providers can gain a competitive advantage that grows their businesses and boosts profitability.
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End-to-End Visibility: The Next Level of LTL Freight
In today’s market, end-to-end freight visibility is a must-have. Thanks to the Amazon Effect and boom in ecommerce, consumers have become accustomed to following their packages from order to delivery and now that the same transparency expectation has migrated to the less-than-truckload (LTL) industry. This fact is exemplified in a recent study from the American Trucking Associated that noted 75% of shippers said freight visibility is a major concern in their supply chain. Shippers need to know where their freight is and when it will arrive because their end-users are demanding that visibility.
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3PL Adding Value Guide
Third-party logistics providers (3PLs) are seeing increasing competition in the market.
Historically, 3PLs were the leaders in adopting new technology, being the first to deliver multicarrier ratings through a single service. However, that top position is eroding because carriers are now offering multicarrier rate engines through their applications, which they bill as competition to transportation management systems (TMS) offered through 3PLs. Additionally, LTL carriers are offering more competitive rates to smaller shippers through dynamic pricing models while also moving 3PLs to a similar dynamic tariff to combat annual blanket pricing for all of the 3PLs’ shipper customers.
The result is that 3PLs need to continue to innovate and expand their offerings to cut through the competitiveness of the marketplace and secure the continual business of their customers.
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LTL Carrier Negotiations Guide
Negotiating contract pricing with your less-than-truckload (LTL) carriers can be daunting, but it is necessary. The goal of all freight pricing contract negotiations should be to get the best outcome for all parties involved. To do that, third-party logistics providers (3PLs) and shippers must enter the negotiating talks with as much data as possible. This will ensure that you source LTL carriers that can offer great service for your freight, your customers and your suppliers at a fair market value.