Ryder Ranks in FreightWaves FreightTech 25: The Most Innovative and Disruptive Companies in Freight Technology
November 22 2022 - 6:55AM
Business Wire
Ryder System, Inc. (NYSE: R), a leader in supply chain,
dedicated transportation, and fleet management solutions, announces
it ranks among the top 25 most innovative and disruptive companies
in the freight technology space, according to the annual
FreightWaves FreightTech 25 awards. FreightWaves announced the
winners during its F3: Future of Freight Festival.
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Ryder ranks among the top 25 most
innovative and disruptive companies in the freight technology
space, according to the annual FreightWaves FreightTech 25 awards.
(Photo: Business Wire)
“To face such formidable competition in an awards program as
reputable as the FreightTech 25 – and rank among the best in the
business – it underscores Ryder’s commitment to investing in and
leveraging emerging technologies that help make our industry, our
business, and ultimately, our customers’ businesses better, faster,
and smarter,” says Karen Jones, CMO and head of new product
development for Ryder.
Ryder has invested $1.2 billion over the past four years to
build, acquire, and create strategic alliances with start-ups and
technology providers on innovative new products and solutions that
tackle disruptions in the supply chain. The company focuses on four
strategic areas of disruption: next-generation vehicles, e-commerce
fulfillment, asset sharing, and digital technologies.
Among Ryder’s innovations in these areas are:
- COOP by Ryder®, the largest commercial truck- and
trailer-sharing platform connecting fleet owners with idle vehicles
to trusted businesses needing rental vehicles. To date, more than
10,000 businesses have joined the program nationwide, with COOP
experiencing 250% year-over-year growth since its inception in
2018.
- In the area of next-generation vehicles, Ryder collaborates
with manufacturers of electric vehicles (EV) and EV charging
infrastructure, as well as companies working to commercialize
autonomous vehicles (AV) and AV logistics networks.
- RyderGyde™, the only application in the industry that allows
drivers, fleet managers, and fleet owners to manage all aspects of
fleets small and large – anywhere, anytime, and on any device. It’s
a one-stop shop for scheduling vehicle maintenance, renting trucks,
comparing fuel prices, and recording electronic driver vehicle
inspection reports.
- RyderVentures, a $50 million corporate venture capital fund to
invest in and create strategic alliances with start-up companies
tackling disruptions in the supply chain, with the goal of
identifying companies and business models addressing pain points
and working alongside them to speed solutions to market.
- And RyderShareTM, a one-of-a-kind, end-to-end visibility and
collaborative logistics technology that enables everyone involved
in moving goods through supply chains – shippers, receivers,
carriers, and service providers – to work together in real-time to
easily see potential problems and inefficiencies, take pro-active
action to course-correct, and utilize business intelligence and
analytics to inform future decision-making.
RyderShare also won the “Best in Show” competition at the
FreightWaves F3 Future of Freight Festival. After three days of
rapid-fire demonstrations, during which 50 leading companies had
just seven minutes to show off their latest freight technology
solutions, nearly 2,000 festival attendees voted RyderShare a
standout.
“It’s true that innovation begets innovation,” adds Jones. “So,
stay tuned for more from Ryder.”
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and
transportation company. It provides supply chain, dedicated
transportation, and fleet management solutions, including full
service leasing, rental, and maintenance, used vehicle sales,
professional drivers, transportation services, freight brokerage,
warehousing and distribution, e-commerce fulfillment, and last mile
delivery services, to some of the world’s most-recognized brands.
Ryder provides services throughout the United States, Mexico,
Canada, and the United Kingdom. In addition, Ryder manages nearly
239,000 commercial vehicles and operates more than 330 warehouses,
encompassing more than 80 million square feet. Ryder is regularly
recognized for its industry-leading practices in third-party
logistics, technology-driven innovations, commercial vehicle
maintenance, environmentally friendly solutions, corporate social
responsibility, world-class safety and security programs, military
veteran recruitment initiatives, and the hiring of a diverse
workforce. www.ryder.com
Note Regarding Forward-Looking Statements: Certain statements
and information included in this news release are "forward-looking
statements" within the meaning of the Federal Private Securities
Litigation Reform Act of 1995. These forward-looking statements,
including our expectations with respect to our ability to continue
investing in freight technology solutions and the capabilities of
our freight technologies, are based on our current plans and
expectations and are subject to risks, uncertainties and
assumptions. Accordingly, these forward-looking statements should
be evaluated with consideration given to the many risks and
uncertainties that could cause actual results and events to differ
materially from those in the forward-looking statements including
those risks set forth in our periodic filings with the Securities
and Exchange Commission. New risks emerge from time to time. It is
not possible for management to predict all such risk factors or to
assess the impact of such risks on our business. Accordingly, we
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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Anne Hendricks (305) 500-4547 amhendricks@ryder.com
Amy Federman (305) 500-4989 afederman@ryder.com
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