- Ryder Demonstrates its Leadership in Bringing Innovative Solutions
to Market with Support for Startup Accelerator -
MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, announced today that the Company is expanding its
commitment to innovation with several new partnerships, including
sponsoring Plug
and Play, a global startup ecosystem and venture fund specializing
in the development of early-to-growth stage technology startups in 12
verticals.
“Ryder is constantly looking for new ways to promote innovation and
efficiency within our customers’ supply chain operations and this latest
partnership with Plug and Play will help us accomplish just that by
accelerating the development of some of the greatest emerging
technologies to date,” said Steve Sensing, Ryder President of Global
Supply Chain Solutions. “We’re confident Ryder’s unparalleled
engineering and analytics expertise will advance the strategic
priorities of Plug and Play and its partners, and ultimately drive
innovation within supply chain and logistics.”
Ryder’s sponsorship of Plug and Play will focus on accelerating projects
across a variety of industries, addressing the need for supply chain
management and effective logistical operations in almost every type of
business. Ryder will engage with a select group of startups to provide
executive mentoring, technical expertise, and the opportunity to
potentially pilot startup solutions within its own operations. This will
create an added benefit beyond standard startup scouting.
“Plug and Play is proud to receive support and industry expertise from
Ryder as the newest addition to our Plug and Play Supply Chain &
Logistics program,” said Saeed Amidi, Founder and CEO of Plug and Play.
“At Plug and Play, we believe that early stage companies have the
potential to develop innovative solutions that will vastly improve
businesses and lives – from new tracking technologies for shipments, to
AI and robotics, to new innovative solutions for last-mile delivery.
Tapping into Ryder’s supply chain engineering expertise will help Plug
and Play accelerate and grow world-class startups in supply chain and
logistics faster and at a larger scale.”
Ryder participated in Plug
and Play’s 2017 Fall Summit at the Plug and Play Tech Center in
Sunnyvale, Calif., where the Company was an Ecosystem Corporate Sponsor
of the Supply Chain & Logistics accelerator program. The Supply Chain &
Logistics accelerator program is one of 12 accelerator programs that
Plug and Play facilitates across multiple industries and solutions.
Ryder joins Ericsson, Maersk, Panasonic, BASF, Prologis, and DHL as
sponsors of the Plug and Play Supply Chain & Logistics accelerator
program.
Ryder’s Focus on Bringing Innovative Solutions to Market
Ryder has launched and supported the development of several innovative
solutions within the supply chain and logistics industries. Earlier this
year, Ryder announced RyderShare™,
a cloud-based platform that provides real-time shipment visibility,
predictive alerts, and exception dashboards. Ryder collaborated closely
with several customers who were seeking greater network visibility and
proactive event management around their shipments in order to make
critical decisions around factors that impact their business. Ryder’s
deep engineering expertise, combined with features that enable real-time
exception handling, routing, and analytics, has established RyderShare
as the ultimate tool in logistics network management and customer
service.
Ryder has also implemented several innovative technologies into its
customers’ supply chain operations such as transportation asset and
identity tracking pilots which offer greater visibility into tracking
trailer conditions as well as monitoring location, utilization, and load
temperatures. The Company is also utilizing remote controlled aerial
drones to assist with monitoring inventory levels and auditing as well
as autonomous forklift systems and robotics to supports its warehouse
management solution.
About Ryder Supply Chain Solutions
Ryder Supply
Chain Solutions optimizes logistics networks to make them more
responsive and able to be leveraged as a competitive advantage.
Globally-recognized brands in the automotive, consumer goods, food and
beverage, healthcare, industrial, oil and gas, technology, and retail
industries rely on Ryder’s leading technologies and world-class
logistics engineers to help them deliver the goods that consumers use
every day.
Operating 189 facilities with 44 million square feet of warehouse space,
Ryder offers flexible solutions as well as end-to-end visibility – no
matter how challenging or diverse the storage and distribution needs may
be. Ryder currently provides comprehensive logistics and supply chain
management solutions to companies with operations in the U.S., Canada,
Mexico, the U.K., and Singapore, and also contracts with more than 2,100
providers of all modes of transportation in the markets it serves.
The Company, founded in 1933, operates behind the scenes, managing
critical transportation and logistics functions for more than 50,000
customers, representing many of the world’s best-known brands. Ryder
employs 34,500 people and manages a fleet of 234,100 commercial vehicles.
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
S&P MidCap 400® 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 and social media pages: Facebook,
LinkedIn,
Twitter,
Instagram,
and YouTube.
About Plug and Play
Plug and Play is a global innovation platform. We connect startups to
corporations and invest in over 150 companies every year. Since
inception in 2006, our programs have expanded worldwide to include a
presence in 22 locations globally giving startups the necessary
resources to succeed in Silicon Valley and beyond. With over 6,000
startups and 180 official corporate partners, we have created the
ultimate startup ecosystem in many industries. We provide active
investments with 200 leading Silicon Valley VCs, and host more than 365
networking events per year. Companies in our community have raised
over $6 billion in funding, with successful portfolio exits including
Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more
information, visit www.plugandplaytechcenter.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
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/20171128006122/en/
Source: Ryder System, Inc.