For Ryder Dedicated Transportation Solutions or Transportation
Management Solutions Customers
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial
fleet management, dedicated
transportation, and supply
chain management solutions, today announced the launch of Ryder
TranSync™—a patent pending, automated technology tool used to provide Ryder
Dedicated or Transportation
Management Solutions customers with dynamic transportation planning.
With TranSync, Ryder helps customers make better transportation
decisions and save money by analyzing the best combination of
transportation modes at the lowest total network cost in real time, load
by load, every day. Ryder is the first transportation and logistics
provider to offer this kind of automated capability.
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help fleets with dynamic transportation planning
“There is a misconception in the industry that you can identify the
lowest total network cost based on optimizing lane rates only,” said
John Diez, President, Ryder Dedicated Transportation Solutions. “Ryder
TranSync enables our team to consider a number of other factors, such as
available capacity and drivers, fixed fleet costs, and backhauls, and
automatically calculate the true lowest network cost, as well as the
best resource allocation for the customer.”
With TranSync, Ryder provides customized reports to help customers:
-
Make the best mode decision among common carriers and either dedicated
or private fleets in order to optimize a transportation network and
find the lowest total network cost;
-
Gain visibility of all transportation movements in one system to
create flexible solutions that meet variations in demand; and
-
Implement continuous improvement through the use of data in order to
help right size fleets and reduce network costs.
A recent survey by the Global Supply Chain Institute at the University
of Tennessee’s (UT) Haslam College of Business found that the use of
common carriers to supplement private and dedicated resources has
increasingly become a strategy that many transportation managers are
utilizing to control internal capacity. However, a majority of
transportation managers are still making fleet capacity decisions
manually, and based on models that don’t accurately reflect what is
happening in the marketplace. These survey findings led to Ryder’s
consulting with both UT’s Global Supply Chain Institute and the
Industrial and Systems Engineering Department to validate Ryder
TranSync™.
“The impact of addressing this gap in decision making is only heightened
in a trucking industry strained by increasing costs and customer service
requirements, in an environment with capacity constraints and an acute
driver shortage,” said John E. Bell, Assistant Professor of Supply Chain
Management at UT’s Haslam College of Business, and co-author of the
survey. “The implications are clear; there is ample room for improving
the decision-making process on how to allocate shipments using a
combination of internal and external fleets.”
“With TranSync, Ryder account teams provide Dedicated and Transportation
Management users with a competitive advantage by providing them with
seamless planning across all providers, as well as flexibility,
visibility and reliability,” continued Mr. Diez. “We are proud to be the
first to bring this much needed automated planning tool to the market,
offering customers the opportunity to experience cost savings while
achieving continuous improvement.”
Ryder TranSync™ is available to both new and existing customers, and is
best suited for those who use a mix of common carriers and either
dedicated or private fleets. To learn more, click here.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and the
Standard & Poor’s 500 Index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company is a proud member
of the American Red Cross Disaster Responder Program, supporting
national and local disaster preparedness and response efforts. For more
information, visit www.ryder.com,
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Source: Ryder System, Inc.