Streamlines Upstream Supply Chain for Improved Lead Time and Planning
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial
fleet management, dedicated
transportation, and supply
chain solutions, today announced that it has deployed a new
cloud-based software solution to automate and streamline bulk shipping
activities of sand, water, cement, and other supplies required for oil
and gas exploration and production. The online portal, powered by ShipXpress,
enables Ryder to seamlessly coordinate carrier selection, delivery
schedules, inventory management, contract compliance, and invoice
payments for the thousands of daily shipments it manages on behalf of
oil and gas customers. For added convenience, all the functionality of
the tool is also accessible via a mobile app, available for Apple and
Android devices.
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“Ryder is using its industry expertise and this new technology to help
create a connection between the logistics function and well site
operations, resulting in extended lead times and improved planning in
the upstream delivery process,” says Steve Martin, Vice President of
Operations and General Manager, Oil & Gas, for Ryder. “With more lead
time and better planning, Ryder can help oil and gas companies operate
more efficiently, save money, and improve safety.”
Well site coordinators can use the portal or mobile app to schedule and
change carriers, check in drivers, monitor progress of the delivery, and
check out the vehicle when it leaves the site. An embedded calculator
automatically captures the time spent on site, digitally tracking
detention time, which is a charge assessed when a truck is held beyond
the time a carrier allows for loading or unloading. Once the load is
complete and detention is verified, coordinators can use the Ryder
online portal to manage invoicing and billing, carving weeks or even
months off the payment cycle. The entire process is documented
digitally, improving visibility and speeding order to cash cycles.
The oil
and gas industry relies on Ryder to take costs and risks out of
transportation and logistics, enabling customers to maximize uptime,
keep supplies and goods moving, and bring costs down. This is all
supported by a proven health and safety culture driven by experienced
oilfield operators and health, safety, and environmental (HSE)
professionals. Ryder turns a complicated supply chain into a company’s
strategic competitive edge, from the oilfield to the marketplace.
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,
and follow us on our Online
Newsroom, Facebook,
LinkedIn,
Twitter,
and YouTube.
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 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151030005066/en/
Source: Ryder System, Inc.