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Banyan Technology partners with Pierbridge to share logistics capabilities
The two software companies have teamed-up to share capabilities, including tracking and connectivity
Banyan will offer its live connectivity platform and Pierbridge its Transtream Parcel TMS enterprise shipping software with the aim of expanding their service provision to 3PLs.
Leveraging Banyan's connectivity platform Pierbridge TMS users will have access to data sharing and automation features, including Banyan's new Local Carrier mode. This has connections to hundreds of local carriers across North America, enabling 3PLs to rate, book, and track both pickup and delivery of their first- and last-mile services in real time.
"We chose to partner with Pierbridge for their outstanding industry reputation and excellence in transportation software solutions," says Banyan CEO Brian Smith. "In fact, they're the only transportation management software provider whose solutions have earned both FedEx and UPS ConnectShip Platinum partner status in recognition of product excellence and customer adoption. This makes them the ideal partner for Banyan, as we hold ourselves to the highest of standards to deliver innovative technology solutions to our clients."
As an increasing number of businesses outsource parcel shipping to 3PL partners due to limited resources, capacity, and budget – many 3PLs are feeling the same strains, Smith explains. In fact, parcel shipping spend has topped $99 billion, a 7% growth in 2017 compared to 2016, driven in large part by eCommerce, finds the 29th Annual Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report.
"With so many aspects to manage amidst the demand such as rate negotiation, parcel shipping systems, and first-to-last-mile logistics, even the best 3PLs can use some help," Smith says. "Joining forces, Banyan and Pierbridge are better positioned to provide that help with comprehensive technology sharing tools."
"We are thrilled about our new partnership with Banyan Technology," says Bob Malley, Managing Director of Pierbridge. "As eCommerce accelerates demand for faster and more cost-effective last mile delivery capabilities, Banyan's extensive network of local carrier and white glove services will dramatically expand Pierbridge's existing global parcel and freight network. This year, the synergy created by Pierbridge and Banyan will result in exciting innovations that will help shippers and 3PLs meet the needs of their customers as never before."