While data from the 2018 22nd Annual Third-Party (3PL) Logistics Study shows overall 3PL revenues have continued to decline slightly over the past several years, logistics costs are actually increasing – with a higher percentage of shippers’ transportation spend being
After significant slowdown following the 2008 Recession, the less-than-truckload (LTL) industry continues to bounce back as freight volumes boom. In fact, Logistics Management magazine is hailing the current cycle as “the roaring freight market of 2017-2018.” One of the
It’s no longer new news: web-based transportation management systems have made traditional TMS software practically obsolete in today’s logistics market. And if you’re a local carrier who hasn’t kept up with the evolution of TMS among your client base –particularly
Banyan Technology, the leading provider of live carrier and API connectivity for transportation management, announces its relocation from Elyria, Ohio to Westlake. The move was necessitated by its growing business and staff, according to company leadership. “The new location
The anxiously awaited TIA Capital Ideas Conference & Exhibition 2018 is fast approaching! April 8-11, Banyan Technology will be joining more than 1,300 of North America’s most successful logistics professionals. The conference offers an invaluable chance to interact and connect
This article originally appeared in the December Issue of Logistics Journal, a monthly publication for 3PLs produced by TIA (Transportation Intermediaries Association). Banyan is a regular contributor to Logistics Journal. To receive the publication directly, visit the TIA website to learn more
Throughout the year, we have tackled many of the freight industry’s hottest topics right here on this blog. We’ve analyzed new trends, we’ve written comprehensive guides, and we researched effective strategies for freight and operations managers everywhere. In our final
The ELD Mandate stole the spotlight in 2017. How will this contentious issue really impact the industry? In our latest podcast, Co-Founder and Chief Innovation Officer Lance Healy and SVP of Software Development Will Lazzaro discuss some interesting possibilities, like
As we’re working on some exciting new expansions to the Banyan volume freight functionality, we’ve discovered that there is some misunderstanding of volume freight. We already know the most common over-the-road modes of freight: some of us see parcel packages
Adoption of real-time, direct connections (including API connectivity) with carriers is growing exponentially in popularity – 3PLs and commercial shippers alike see the value in increased efficiency when it comes to something as business-critical as shipping. With direct connections, shippers
This article about last-mile delivery originally appeared in the October Issue of Logistics Journal, a monthly publication for 3PLs produced by TIA (Transportation Intermediaries Association). Banyan is a regular contributor to Logistics Journal. To receive the publication directly, visit the
In this debut episode, Banyan Co-Founder and Chief Innovation Officer Lance Healy, along with Banyan Senior Vice President of Technology Will Lazzaro, tell the story of a shifting industry. We learn about the creation of Banyan in the late 90’s,
Adoption of real-time, direct connections with carriers is growing exponentially in popularity – 3PLs and commercial shippers alike see the value in increased efficiency when it comes to something as business-critical as shipping. But amidst all the buzz, we’ve seen
As part of our October series on the Banyan Blog, we will be preparing for the spookiness of Halloween by taking a look at the scariest parts of freight management. In this week’s installment—the first in the series—we discuss one of
The 2017 CSCMP EDGE Supply Chain Conference was a hit! During the sessions, we heard about the importance of staying on top of the latest industry trends. As said by CSCMP CEO Rick Blasgen, “We impact the world around us,
If you are attending this year’s CSCMP Edge conference, you might feel overwhelmed by the number of sessions available. How do you know which sessions you’ll gain the most from? Luckily for you, Banyan Technology has compiled a list of
In a recent article published by Transport Topics magazine (and available here online), the author, Roger Gilroy, reports on the Blockchain in Trucking Alliance (BiTA), a new group formed to advance the use of blockchain in the freight industry. Blockchain
In our last two posts, we’ve discussed how millennials are preparing to change the workplace and how millennials view the freight industry. In this, the conclusion of our three-part series on millennials in the workplace—with a special focus on the
In our last post, we touched on the entrance of millennials into the workplace. We went over how this specifically affects working environments in many industries, with a focus on the freight industry. However, while the millennial generation is still
No matter your opinion on them, the millennials are coming. In some workplaces, older millennials are already entering management positions and making business-altering decisions. If you’ve been online recently, it’s been mostly doom and gloom: Articles about millennials “killing” industries
When we crunched the data for the 2017 State of Transportation Management Report, we found some things that surprised us. For example, 45% of respondents still use static guides or spreadsheets to select carriers. Not so surprising is that shippers
Less-than-truckload (LTL) shipping makes up the majority of B2B shipments throughout the U.S. LTL shipping can be the most complex form of shipping, which makes it unfortunate that there is so much misinformation concerning LTL shipping’s best practices. Below, you’ll
There’s been a lot of talk in the freight industry about APIs and increased use of technology to maximize efficiency with your carriers. Live Carrier Connections come in many different forms. Probably best known is EDI, but why rely on
While shipping with a routing guide is one of the most common methods of managing freight, it’s also one of the oldest methods, and it’s time for an upgrade. Routing guides are just sets of assumptions for shipping products,
Live connectivity is easily understood in the consumer market: when you want to book a flight, it makes sense to visit a single provider who can show you all the available options at once. It’s become the norm to view
Operations directors have a lot on their plate; they have a hand in virtually every aspect of a business and are responsible for ensuring the entire organization runs smoothly. But because operations directors are tasked with overseeing so many areas
An exclusive look at how companies are managing freight operations, and the future of the transportation management industry. How do you manage your freight operations? That’s the exact question we were wondering, so we turned to the people who know
The food manufacturing and logistics industry is competitive as is. Add in increasing customer demands, industry regulations, and economic uncertainty and it is apparent that food manufacturers must have the tools, tenacity, and know-how to stay ahead of the game.
According to DC Velocity magazine, controlling supply chain costs in 2017 was the number one strategic priority for supply chain managers. This response makes sense when you consider how much retail has changed in the past couple of years and
Overseeing an organization’s shipping operations is a complicated and time-consuming job. No matter who is in charge of any given organization’s operations—in-house or out—the lessons learned from the technology used by the top 3PLs will improve any businesses’ bottom line.
Banyan co-founder and chief innovation officer Lance Healy spoke at the Nasstrac (National Shippers Strategic Transportation Council) Shippers Conference and Transportation Expo April 9-12. The panel, “Technology Disruption: The Future of Shipping”, was one of the most popular events of
It was great seeing you at the TIA Capital Ideas Conference. We hope you won big, both at the conference and if you tried your luck at the casino. During the sessions, we heard about the importance of staying on
The goal of any third-party logistics (3PL) provider is to get resources shipped as quickly, efficiently and cost-effectively as possible. So, how do you stay on top of the latest industry trends to ensure you’re delivering the best value for