Transportation Intermediaries Association
Published in the Marketplace Digest August 10, 2023
Solutions to Help Address Shifts in the Economy: Part II

Content Provided by Banyan Technology

Solutions to Help Address Shifts in the Economy: Part II

By: Brian Smith, CEO of Banyan Technology

Implementing a technology solution that is constantly evolving can help mitigate issues quickly while satisfying increased B2B customer demands in OTR shipping. For tasks such as requesting rates or tracking shipments, automated technology can create operational efficiencies and eliminate manual methods that may lead to human error or demand hours of costly manpower.

Determining Best Mode for Shipments: Having the ability to consider all modes for all shipments is essential to compare and choose the method that works best for your shipping needs. What works for one may not work for another. Even more valuable is being able to determine that in one screen, saving both time and money.

Open Up the Savings Possibilities with an Evolving Digital Solution

The Journal of Commerce is reporting that the Truckload U.S. producer price index (PPI) fell 1.5% and is down 5.1% from its March peak and the LTL PPI fell 4.7% from July, following a revised 3.9% drop that month, according to data from the U.S. Bureau of Labor Statistics. This can open up the possibilities for shipping freight cost-effectively in this economy.

Find Value in the Supply Chain and Augment Efficiency

Without dramatically increasing costs, multi-mode technology solutions for OTR shipping provided by a partner with integrated capabilities helps deliver a clearer insight into shipping operations for all OTR modes, how they work, and the ability to evaluate which shipping methods work best.

The right partner will take the time to understand your business and proactively recommend cost-saving measures and changes to your shipping operations that will help minimize overspending and create a more efficient shipping strategy. A valuable technology provider adopts a client-centric approach, collaborates with clients, responds to feedback, and leads with a client-first approach to product development, service, and support.

Collaboration with clients is a critical component to a successful client-focused approach to product development. Leveraging client feedback helps the technology provider enhance their platform and improve its functionality to respond to the clients’ changing needs.

Better with Banyan Technology

Banyan Technology’s LIVE Connect® platform delivers real-time intel, actionable insights, and instant access to information to help drive greater operational efficiencies and cost savings for shippers, 3PLs, and supply chain partners. Our industry-leading freight management platform with the most real-time carrier connections has evolved into the industry’s most innovative and comprehensive freight technology solution.

LIVE Connect is a complete solution for all OTR shipping to rate, schedule and track shipments for all modes from a single screen, providing increased efficiency and automation that results in significant savings on their freight spend. The comprehensive features and functionality help increase data availability and shipment visibility to help make better business decisions.

To satisfy the evolving needs of our clients and help them remain successful as the shipping industry changes and the economy shifts, Banyan continues to seek out partnerships with vetted companies that share the same goals. For example, our recent innovative Truckload expansion was possible due to partnerships with companies like Trucker Tools,, and Transfix. Each brings a unique piece to help our clients successfully execute Truckload shipments through LIVE Connect.

Banyan remains committed to providing innovative solutions for LTL, Truckload, Local Carrier, and Parcel shipping. Our client-centric approach to product development and our commitment to service and support continues to drive our aggressive product development plan for ongoing innovation and collaboration to evolve with the changing shipping industry.

Contact Banyan Technology today to learn how you can take advantage of our multimode solution that allows you to rate and execute all OTR modes from a single screen. evolve with the changing shipping industry.



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