The top tier of shippers, 3PLs and carriers that move about 95% of LTL freight have advanced technology solutions that include automation and information-sharing capabilities. These leading companies have a competitive advantage and can share data easily, whereas smaller companies with limited technology capabilities have more difficulty with end-to-end automation.
Category: freight pricing
Banyan’s CEO Discusses Why Technology Should Be Your Top New Year’s Resolution
A few days into 2022, I’d like to reflect on the past year and what’s ahead for shipping. Last year continued to be tumultuous as major supply chain issues remained, but for some, those challenges led to opportunities to reset and adjust. To remain agile as backlogs and capacity issues tightened, many shippers and 3PLs turned to their technology partners for help.