Category: 3PL

Top 5 Ways Updated Technology Saves You Money

Posted on | by Banyan Technology
Freight technology, connectivity

“If it ain’t broke, don’t fix it” is an old saying that means if something is functioning properly, it’s probably best you leave it alone and not make any changes that could potentially break it. Many companies subscribe to this mantra and keep processes in place that have existed since, what seems like, the beginning of time.

But what if they don’t realize that while their processes may not actually be broke, they could be doing things more efficiently and saving the company a considerable amount of money?

4 Reasons 3PLs Should Consider API Integration

Posted on | by Banyan Technology
3PLs are quick to adopt API freight management technology due to increased connectivity and cost-savings.

Labor shortages, the rise of eCommerce, and the Amazon Effect have forced a new reality onto the logistics industry reconfiguring what traditional transportation management systems (TMS) look like. As a result of this digital push, many 3PLs have prioritized the need for agile and efficient freight management operations.

Improve Your LTL Freight Management with Dynamic Pricing

Posted on | by Renee Rubino
loading freight into truck on dock

Change is constant. Throughout the supply chain, we see changes in material costs, demand, fuel surcharges – you name it. So, why in an industry that is constantly affected by change, are we stuck using static rate tables or routing guides? A dynamic industry requires dynamic pricing to get the best results.

The Importance of an Agile Business Strategy

Posted on | by Banyan Technology
highway

For any company in any industry, it is highly important to set forth your business strategy and remain committed to it to achieve your best results. However, it is also important to be nimble, agile and have the ability to adapt your business strategy when the market or outside circumstances require it. One such instance – and one we are all still adjusting for – is the worldwide COVID-19 pandemic. Many companies had to think outside of the box to keep going while others were unable to adapt and had to shut down temporarily and, in some cases, permanently. However, not all instances that require a business to pivot strategy are global tragedies. They can be smaller things like a change in consumer habits, increased competition, new governmental mandates, etc. Often these issues can help businesses realize a shift in thinking or in business strategy could benefit their bottom line.