Banyan Technology released its new Load Consolidation tool, which enables shippers and 3PLs to automatically convert compatible LTL shipments into optimized truckload moves, lowering transportation costs, reducing freight handling incidents and improving on-time performance.
“For years, consolidation has been treated as a tactical exercise,” says Brian Smith, CEO of Banyan Technology. “By leveraging AI and embedding consolidation directly into a client’s freight execution ecosystem, we are turning what was once a manual tactic into a continuous, data-driven strategy.”
Key takeaways:
· 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, turning consolidation into a built-in planning and benchmarking tool rather than a last-minute exercise.
· Beyond cost savings, 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.
