Carrier Cost Dashboard
Gain insight into your carrier costs so you can make better freight buying decisions. This easy-to-read dashboard, powered by LIVE Connect Carrier and Freight Bill Management data, will enable you to.
- Eliminate hours spent pulling and analyzing data with complex spreadsheet formulas.
- Analyze your Carrier costs by cost category, and customer/location to identify cost saving opportunities.
- Compare your raw Carrier charges to your marked up customer charges to monitor your bottom line.
- Better understand your Carrier costs like accessorials, fuel surcharges, variations and more.
“Many shippers continue to rely on Excel spreadsheets to visualize their data… This can quickly become a liability, prompting shippers to leave money on the table, and, in the most extreme cases, threatening their overall profitability.”
-FreightWaves
Carrier Performance Dashboard
Visualize carrier performance in real time to identify and solve performance issues that affect your operations.
- Eliminate hours spent manually pulling reports from different Carriers and solutions.
- Gain a deeper understanding of your Carrier’s on-time and late pick-up/delivery performance.
- Identify and reward Carriers that consistently deliver on time and in-budget.
- Establish user permissions to control access to your data and reporting.
Lane Intelligence Tool
Gain real-time data on the performance of all your lanes in North America to optimize costs, improve carrier reliability, enhance customer experience and respond quickly to disruptions.
- View lane performance based on your unique shipping data and Carrier selections.
- Make more informed decisions when choosing which Carriers to use in every lane.
- View load volume, costs and transit times by city, state or ZIP code to ZIP code.
- Leverage historical and real-time information to secure better rates from Carriers.
Load Analysis Tools
Streamline your RFP process and internal LTL Carrier rate analysis with one simple upload to get rates and transit times back from up to 10 Carriers.
- Reduce time consuming email threads managing multiple spreadsheets from all your Carriers.
- Conduct rate analysis 2x faster than traditional methods.
- Compare what you currently pay per lane with new Carrier rates to identify cost savings.
- Respond to RFPs with more confidence by providing detailed, data-driven insights into lane performance, shipment costs and carrier reliability.
Only 32.1% of shippers planned to issue an RFP, with nearly half (46.5%) opting for semiannual or quarterly RFPs instead of traditional annual ones.
“It’s a competitive market and if you are working with rates from a year ago, that’s not going to get you much traction today… having the ability to run RFPs and process them quicker — that’s the flexibility and adaptability you need.”
-FreightWaves
Location Performance Dashboard
Quickly analyze load volume and freight spend by location or customer to identify cost-saving opportunities, optimize resource allocation, negotiate better carrier rates and tailor your services to meet customer-specific needs, ultimately driving efficiency and profitability.
- Eliminate time spent requesting and analyzing data from your warehouses and other locations to evaluate efficiency and spending.
- View how often your locations choose the lowest-cost Carrier to identify cost saving opportunities against quality control standards.
- Analyze your location freight spend by fuel surcharges, accessorials, discounts and more to identify areas of operational efficiency.
Business Intelligence Suite
Leverage powerful business intelligence, reporting and visualization tools that transform historical shipping and freight bill data into insights for optimized shipping operations. This centralized, data-driven approach eliminates time-consuming tasks like running complex spreadsheet formulas, identifies carrier performance issues for stronger negotiations and uncovers cost-saving opportunities by analyzing expenses by category, customer or location. Simplify stakeholder presentations with convenient PDF or PowerPoint exports, empowering your team to drive smarter, more efficient logistics strategies.
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The global BI market, valued at $29.42 billion in 2023, is expected to grow to $54.27 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.1%.
Multi-Mode Shipping
Rate and dispatch shipments across all OTR modes — including Truckload, LTL, Final Mile and Parcel — from a single, intuitive screen in our innovative platform. Simplify complex shipping operations by seamlessly comparing rates, booking shipments and tracking without switching between multiple systems.
Beyond streamlined workflows, our expanded data network and business intelligence tools provide insight into your shipping performance, helping you identify cost-saving opportunities and optimize organizational efficiency.
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- Truckload
Enhance your Truckload operations with a robust suite of solutions designed to streamline processes, enhance visibility and drive cost-savings. From spot quoting to load tracking, our powerful tools deliver everything you need to simplify workflows, improve carrier engagement and maximize operational efficiency — all from one intuitive platform.
- Parcel
Reduce your Parcel freight spend with real-time domestic and international parcel rating and scheduling through Carriers that handle more than 98% of packages in North America.
Streamline small-package shipment rating and scheduling from anywhere while quickly identifying savings by comparing Parcel rates and transit times with LTL and other over-the-road modes. Minimize delivery exceptions and enhance the customer experience by reducing data entry errors and gain deeper insights into your parcel operations with seamless reporting.
Parcel Savings+
Banyan’s Parcel Savings+ program unlocks efficiency in rating and executing domestic and international small package shipments with top Parcel Carriers who move more than 98% of the parcel shipments in North America. Shippers utilizing Parcel Savings+ increase cost savings and experience benefits that are typically available to only high-volume Shippers.
- Gain access to small package shipping rates typically reserved for high-volume shippers, now available regardless of shipping volume
- Efficiently rate and execute both domestic and international small package shipments with the top Parcel Carriers, who handle more than 98% of all packages in North America.
- Leverage the buying power of the Banyan Client base to experience more than 10% in cost savings and other benefits that only top-tier Shippers typically can access.
- LTL
Banyan Technology’s Less-Than-Truckload (LTL) solutions deliver unmatched carrier connectivity with first-to-market API capabilities, providing Shippers and 3PLs seamless access to real-time rates, tracking and documentation.
- Middle Mile
Achieve greater efficiency and flexibility in your shipping operations by optimizing and consolidating shipments to make the most of your available capacity. By seamlessly connecting stores, fulfillment centers, distribution centers and Final Mile locations, you can create a streamlined logistics network that reduces waste, enhances visibility and ensures your goods are delivered with precision.
- Streamline your middle mile processes.
- Execute shipments across Canada, United States and Mexico.
- Improve your direct-to-store capabilities.
- Leverage innovative cross dock solutions.
- Access simple flat per-pallet rate pricing.
- Final Mile
Leverage advanced technology to enhance efficiency and standardize same-day delivery services. By integrating with Final Mile platforms, Banyan enables shippers and 3PLs to access more than 10,000 Final Mile carriers through a single connection, facilitating cost-effective and timely deliveries.
- Carrier partners aligned with your unique needs.
- Seamless rating and execution inside LIVE Connect®.
- Gain instant visibility into the final mile of your supply chain.
Reporting Tools
Our comprehensive suite of reporting tools empowers businesses to streamline shipping operations, optimize processes and make data-driven decisions with unprecedented control. They create an integrated platform designed to maximize productivity, enhance visibility and ensure seamless shipping operations, delivering significant value to Shippers and 3PLs alike.
Contact Us- Reporting Engine
Access 30+ default reports or create your own utilizing over 170 data points in LIVE Connect to get the metrics you need to monitor and streamline your operations.
- Unlock new insights in your shipping operations with customizable reports.
- Keep stakeholders informed with exportable reports.
- Use stock reports or build your own to answer the questions you need answered.
- Set up reports to deliver daily, weekly, or monthly to your inbox.
- Data Store
Access to all of your real-time, OTR data to gain complete visibility into their operations, identify cost-saving opportunities, monitor carrier performance, optimize routing, enhance customer service, and make data-driven decisions that improve efficiency and profitability.
- Supercharge your third-party business intelligence and analysis tools with your OTR data.
- Access all your shipping data on a secure server that’s updated hourly.
- Access hundreds of data points from your shipments, transactions, customers, carriers and more.
- Document Management
Create and store standardized digital shipping documents from all your Carriers including BOLs, PODs, Shipping Labels, and more.
- Save hours a week logging into different websites and searching inboxes for documents
- View standardized documents to save time analyzing your shipping operations
- Reduce spend and streamline your processes by removing document storage services
- Exception View & Reporting
Easily identify and manage missed pickups and deliveries to get your shipments and service back on track.
- Identify issues and inform customers before they do.
- Contact carriers immediately to resolve the situation and provide a proactive resolution.
- Reduce chargebacks due to missed shipments and manage costs.
- Identify Carriers that are more reliable and cost-effective than others.
- Product Catalog
Streamline your rating process with a pre-populated list of your frequently shipped SKUs and their shipping attributes.
- Minimize the time spent on your daily shipment rating process.
- Reduce manual entry errors by entering data one time for repeat use.
- Increase efficiencies by managing freight class, hazmat, weight and packaging factors by SKU.
Risk Management Solutions
Protect your shipping operations with comprehensive tools designed to mitigate risks and enhance supply chain resilience. From freight insurance to fraud prevention, our innovative solutions help you proactively address potential challenges before they impact your business. Gain peace of mind with features like automated accessorial identification, real-time tracking and integrated carrier verification tools that reduce errors, prevent theft and ensure the safe, secure delivery of your freight.
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- Carrier Verification
Experience a robust solution for carrier verification, reducing fraud and enhancing operational efficiency. Build a reliable carrier network, streamline onboarding processes and maintain the highest standards of security and compliance in your freight operations.
- Access detailed insights into Carriers’ lanes, equipment and specialization criteria, enabling more informed decision-making
- Stay updated with automated compliance checks, ensuring Carriers meet your specific business standards.
- Claims Management
Arm your shipping operations with the power of automation to manage freight claims from start to finish. By entering the details of an initial claim, our LIVE Connect software guides you through every stage until the claim is settled.
- Reduce the manual workload and ensure claims are managed efficiently from initiation to settlement without missing critical steps.
- Minimize errors by guiding users through a standardized process, enhancing reliability and claim success rates.
- Free up resources to allow Shippers and 3PLs to focus on core operations while resolving claims faster.
- Geofencing
Tracking capabilities via mobile app, SMS or ELD that provide real-time shipment visibility and offer advanced security and theft prevention measures.
- Receive real-time alerts as shipments enter or leave geofenced areas, reducing check calls and ensuring precise tracking.
- Monitor high-value or at-risk shipments with geofencing alerts, enabling immediate action to mitigate theft or unauthorized deviations.
- Automate tracking and reduce manual oversight, improving workflow reliability while enhancing customer satisfaction.
- Insure On-Demand
Simplify how you quote and book all-risk shippers interest insurance. Insure-on-Demand checks all the boxes for efficient, secure and integrated insurance management.
- Secure insurance instantly from the same screen where you rate and dispatch shipments, streamlining your workflow.
- Gain access to industry-leading all-risk coverage from insurance providers safeguarding your shipments against rising threats.
- Eliminate the need to re-enter shipment data, reducing errors and saving valuable time.
- Take a proactive approach to risk by insuring your over-the-road freight
- Automatically generate and access insurance certificates.
- Fraud & Theft Prevention
Protect shipments against fraud and theft through Banyan’s integration with a global supply chain risk and visibility platform. Experience enhanced supply chain security, ensuring the safe and timely delivery of goods.
- Gain continuous visibility into your shipments, enabling prompt responses to potential security threats.
- Gain access to industry-leading all-risk coverage from insurance providers safeguarding your shipments against rising threats.
- Utilize data-driven insights to anticipate and mitigate risks before they impact your supply chain.
- Access tools designed to prevent theft, delays, damage and spoilage during transit.
Cost-Savings Tools
Leverage real-time rate comparisons, predictive analytics and streamlined workflows to make data-driven decisions that optimize freight spend. Whether it’s consolidating shipments, comparing multi-mode rates or automating processes to reduce manual errors, Banyan’s innovative solutions ensure you get the best value for every shipment.
Contact Us- Banyan Inbound Freight Feature™
Reduce your customers’ inbound freight spend and capture more loads with an easy-to-use co-branded shipping portal for your suppliers and other locations.
- Improve supplier shipping compliance.
- Allow your customers’ suppliers to schedule shipments with your contracted Carriers.
- Default to the lowest cost Carrier every time.
- Move critical inbound shipment updates from your inbox to your TMS.
- Gain instant visibility into inbound shipments.
- Reduce outside Carriers and Brokers.
Inbound freight is 40% of an organization’s annual freight spend.
- EZ Rate
Utilize ZIP code and basic shipment variables about your shipment to quickly estimate shipping costs for a more expedient shipping solution.
- Speed up your rate estimating process.
- Get back to your customers faster.
- Make quick and informed decisions to expedite your shipping operations.
40% of shipping costs were reduced for Shippers and 3PLs who automated certain manual back-office processes
“By implementing the Banyan API, we get the pricing upfront, and we also have the ability to track shipments so our customers can see where the freight is, and upon delivery, the invoice can be seen electronically.”
-Bob Freed
Executive Vice President
Tech Transport - Freight Bill Management
Gain unparalleled control and accuracy in managing freight costs by automating invoice auditing, identifying discrepancies in booked vs. billed amounts and ensuring error-free billing. This feature saves time, reduces administrative burden and prevents overpayments, all while delivering actionable insights that optimize overall shipping operations and enhance profitability.
- Aggregate freight bills from all your carriers via API, EDI 210 or carrier portals.
- View a side-by-side comparison of booked vs. billed amounts to ensure accurate invoicing and prevent overcharges.
- Quickly identify variations and duplicates with preset tolerances to ensure data accuracy.
1 in 4 freight bills contain an error resulting in $150,000 in freight overcharges costs to the average forwarder and shipper annually.
“Because we are identifying exceptions right away that don’t meet our predetermined threshold, now 95% of our freight bills are moving through automatically versus working on the back end to get credit from Carriers. We only have to manage the ones that don’t meet our threshold.”
-Scott Waite
Executive Vice President
Logistics Manager
Chase Plastics
- Load Import Tool
Create shipments and gain visibility into all your shipping data by importing single or large load batches to get rates and track your shipments.
- Import up to 10,000 loads in as few as 3 quick steps to save time, reduce costs and minimize errors.
- Quickly rate shop to find the most cost-effective options and efficiently handle shipments for large or complex projects that often involve multiple loads or specialized requirements.
- Reduce manual entry for non-automated load creation to streamline processes and save time and money.
- LTL Accessorial Verification
Verify LTL accessorials by location when quoting shipments to reduce delivery issues and improve billing accuracy, saving on costly, unexpected charges and freight delivery issues.
- Retrieve location data from the rating screen inside LIVE Connect® TMS.
- Identify more than 50 different limited access locations like military bases, residences, schools and more.
- Determine lift gate need from dock access data paired with your own product parameters for a proactive approach to invoicing and delivery.
- Multi-Leg Rating
Create one shipment that includes multiple legs and modes to or from the same destination from one screen, allowing you to streamline complex logistics by consolidating planning, reducing manual entries, improving coordination and enhancing visibility across the entire shipment journey.
- View all modes and stops in one Master BOL for easier tracking and accounting.
- Reduce transit time and increase your level of service ensuring higher customer satisfaction, improved reliability and a stronger competitive edge in meeting delivery expectations efficiently.
- Track and manage the cost of each leg from a master BOL to gain precise cost allocation, better budget management and improved visibility into shipment expenses
- Multi-Stop Rating
Create multi-stop truckload shipments that have the same origin OR destination from one screen, allowing you to simplify planning, reduce manual input and streamline shipping coordination.
- Experience cost-savings combining shipments into one multi-stop truckload, reducing empty miles, maximizing truck capacity and improving overall freight efficiency.
- Create a multi-stop shipment through an easy-to-use portal designed to streamline your shipping operations.
- Stay organized with a Master Load BOL that contains all the individual shipments for quick reference, providing a clear, unified record of all related shipments.
- Waterfall Tendering
Automate the dispatching of your shipments to preferred Carriers in a predetermined order and response time to identify the capacity you need.
- Automate dispatching to streamline operations and execute shipments more efficiently.
- Leverage existing Carrier relationships, ensure better rates or terms and maintain consistency in service quality through your trusted Carriers.
- Set response time limits to automatically send your shipment to another Carrier if you do not get a response.
11% of tendered freight is rejected by Carriers in the U.S.
“By implementing the Banyan API, we get the pricing upfront, and we also have the ability to track shipments so our customers can see where the freight is, and upon delivery, the invoice can be seen electronically.”
-Bob Freed
Executive Vice President
Tech Transport
Visibility Suite
Enhance visibility across all OTR modes with real-time tracking and insights to empower your team and customers. Banyan’s tools go beyond location updates, leveraging advanced data and analytics to uncover trends, optimize performance and drive smarter shipping decisions, creating a seamless, efficient and transparent supply chain experience.
Contact Us“Now more than ever, through Banyan’s API connections and visibility, it has been the key to our success to put our customer’s shipments in the lanes that best fit our Carrier’s network allowing Trinity to still maintain costs as the Carriers needs change.”
-Stacey Howell
Vice President of LTL
Trinity Logistics
- CarbonTRAX® & Offset
Track the estimated carbon impact of every shipment, generate reports and purchase carbon credits to offset them, aligning with your customers’ sustainability initiatives and the ESG.
- Access information on carbon impact calculations prior to choosing a shipping method to make more informed decisions that align with sustainability goals.
- Track the estimated carbon impact using GLEC-compliant and Smart Freight-Centre certified calculations for organizational reporting and management initiatives.
- Generate automated carbon impact and offset reports for key stakeholders.
- Purchase quality carbon offsets from vetted climate action projects around the globe.
- Align shipping operations with ESG to meet prospect and customer requirements.
Globally, road transport is the predominant source of transportation-related CO₂ emissions, contributing about 75% of the sector’s emissions. Passenger vehicles, including cars and buses, account for 45.1%, while freight trucks contribute 29.4%.
- Container Tracking
Leverage real-time ocean and air container tracking within the LIVE Connect platform for complete shipment transparency across all modes. The integrated, advanced tracking feature provides unparalleled shipment visibility and control across every stage of the logistics process.
- Monitor container movements for ocean and air freight in real time on a unified dashboard for more visibility into delivery and inventory management.
- Leverage data science and machine learning to automate tracking and manage costs and inventory effectively.
- Achieve heightened transparency, efficiency and control in shipping operations.
- Lane Restriction
Reduce tender rejections and remove Carriers from the rating process for specific lanes with systemwide Carrier lane restrictions.
- Quickly add, update and remove lane restrictions by Carrier as they come in to maintain operational flexibility, avoid service disruptions and ensure compliance with Carrier capabilities.
- Streamline your rating process to see only Carriers that can service your lanes.
- Remove user-errors due to forgotten Carrier lane restrictions.
- Set lane restrictions by customer and geographic area.
11% of tendered freight is rejected by Carriers in the U.S.
“Another spoke in the wheel is Banyan’s Lane Restrictions feature. Overall, the tool is great. It limits who can book loads and where.”
-Scott Waite
Executive Vice President
Logistics Manager
Chase Plastics - Mexico Solutions
Simplified rating, dispatching, tracking and documenting of cross-border and intra-Mexico shipments to streamline operations, reduce errors, ensure compliance with international regulations and improve shipment visibility.
- Leverage expanded market coverage with established U.S.- and Mexico-based Carriers and Brokers.
- Streamline freight pricing with built-in currency conversion that’s updated daily.
- Gain visibility into shipment and customs border status using our shipping efficiency tools.
- Create multi-leg, cross-border shipments with multiple Carriers from a single screen.
- Enhance Mexico shipping and improve visibility, compliance, security and operational efficiency through ELD tracking and geofencing.
- Push Tracking
Increase visibility with automated real-time tracking notifications about the pick-up, transit and delivery times of your shipments.
- Eliminate time logging into third party systems and manually retrieving tracking information.
- Provide customers with peace of mind with automated notifications sent directly to their email.
- Receive updates in your preferred channel with email, flat file and webhook updates.
75% of shippers rank freight visibility as a chief concern in their supply chain.
“Through Banyan Technology, we offer real-time information and data that helps automate our customers’ freight management process. And having full visibility of customers’ freight allows us to make good business decisions on our customers’ behalf.”
-Stacey Howell
Vice President of LTL
Trinity Logistics