Load Consolidation Solution
Banyan Technology has launched its Load Consolidation tool, which will enable shippers and 3PLs to automatically convert compatible LTL shipments into optimized truckload moves.
Banyan’s Load Consolidation continuously analyzes shipments as they enter the platform, surfaces consolidation scenarios in real time and compares cost and transit-time tradeoffs before freight is executed.
In addition to live execution, shippers and 3PLs can upload recent shipment data to identify where consolidation opportunities were missed, what those moves would have cost and how much savings could have been captured. The tool also reduces freight handling and damage risk by keeping shipments on fewer trailers and limiting terminal transfers, a common source of delays and claims in LTL networks.