Category: shipping cost

Digital Solutions Provide Valuable Analytics to Combat Rising Shipping Costs

Posted on | by Banyan Technology
Shipping technology concept

Shippers and 3PLs continue to pay more in carrier rates and fuel costs for trucking and transportation services, despite a marked drop in truckload spot rates, according to the Journal of Commerce. Reporting on the U.S. producer price indexes (PPI) for trucking in May from the U.S. Bureau of Labor Statistics, Shippers and 3PLs saw month-to-month increases, with the long-distance truckload PPI rising 4.1 percent and the long-distance less-than-truckload (LTL) PPI increasing 3.8 percent from April.

How to Balance Automation and the Human Element in Shipping

Posted on | by Banyan Technology
How to Balance Automation and the Human Element in Shipping

Technology and automation have helped make significant advancements in the supply chain and shipping industry. However, shippers and 3PLs need to understand that a human touch remains a critical element in keeping a supply chain functioning properly. The two must work together in a hybrid approach.

Top 5 Ways to Determine the Value of Technology

Posted on | by Banyan Technology
Top 5 Ways to Determine the Value of Technology

The ever-changing landscape of the transportation industry continues to force shippers and 3PLs alike to, once again, evaluate their processes, efficiencies, and business objectives for the coming year. With little to no relief in sight to help manage the growing supply chain challenges, it’s critical now more than ever to look to technology solutions to help streamline efficiencies and manage costs to combat the most basic of industry challenges… labor shortages and rising costs.

How to Control Shipping Costs as Carrier Capacity Tightens

Posted on | by Banyan Technology
How to Control Shipping Costs as Carrier Capacity Tightens

Rising carrier costs directly related to capacity constraints and elevated fuel costs are making it difficult for 3PLs and shippers to control shipping costs. The Journal of Commerce says shippers are preparing for another year of elevated less-than-truckload (LTL) rates and tight capacity, as a 2022 surge in demand from consumers, retailers, and manufacturers looks increasingly likely.