Ryder NaviShare™ Provides New Level of Proactive
Predictability That Reduces Costs and Improves Performance in Customer
Transportation Networks
MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE:R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, today announced the launch of Ryder
NaviShare™, a cloud-based platform that provides real-time shipment
visibility, predictive alerts, and exception dashboards. Ryder’s deep
engineering expertise, combined with features that enable real-time
exception handling, routing, and analytics, make NaviShare the ultimate
tool in logistics network management and customer service.
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TWEET THIS: Ryder launches software platform for real-time visibility,
tracking, matching, & sharing of truck capacity.
The technology is accessible through a customer-facing website and
mobile application that utilizes cellular and GPS technology to link
shippers with onboard vehicle technologies. The system, which is
currently being used by key customers, provides real-time visibility and
event management capabilities to shippers, and delivers information
updates and routing instructions to drivers. NaviShare will be available
to all Ryder customers in North America in the third quarter of 2017.
“We took an innovative approach in developing Ryder NaviShare by
collaborating with several of our customers who were seeking greater
network visibility and proactive event management around their
shipments,” said Steve Sensing, President of Global Supply Chain
Solutions, Ryder. “Ryder’s unparalleled engineering and analytics
expertise are at the core of this unique tool, enabling us to make our
customers’ supply chains more efficient than ever before. NaviShare
ultimately gives our customers the ability to cut costs and improve
operating efficiencies, all through a simple, digital experience. The
end result is better customer service.”
NaviShare provides real-time information regarding load status, tracking
status, carriers, shippers, customers, origins, and destinations. The
underlying visibility technology behind this platform was developed in
partnership with FourKites, a provider of real-time tracking and supply
chain visibility solutions. A user – which can be a shipper,
carrier/driver, or dispatcher – is able to toggle among multiple
features for each load, including stops, maps, updates, and messages. If
there is a delay in a shipment while in transit, NaviShare alerts the
shipper and recipient, and provides the shipper with a list of
re-routing options. The software application also has the capability to
track shipments at a SKU/part level and to monitor the condition of the
load. The NaviShare platform is transportation management system
agnostic. The front-end user experience is combined with Ryder’s
logistics engineering services on the backend to deliver the most
proactive and unique platform in the industry today. In industry focus
groups, potential users were particularly drawn to the platform’s
ability to integrate data from 3PLs, carriers, brokers, and private
fleets into a single real-time visibility and decision tool.
NaviShare is currently deployed with key customers in the retail and
automotive industry environments, including retailer-owned hardware
cooperative True Value.
“With over 3,300 retail locations in the U.S., we count on Ryder to make
regular multi-stop deliveries for our retailers,” said Robert Hudec,
Director of Outbound Transportation, True Value. “Naturally, time is
gained or lost in the process of making anywhere from one to 15 stops.
For that reason, it is essential that our retailers are able to pinpoint
exactly where their deliveries are, as well as when they’ll arrive at
their destinations. With NaviShare, they’re not only able to attain this
level of visibility, but they’re also now better equipped to make
critical decisions around factors that impact their business, such as
labor management.”
The advantages available through NaviShare are multi-faceted. Customers
with products to ship will have the ability to be more proactive and
better equipped to deal with any unexpected shipment issues that may
arise. The sooner they are made aware of a delay, for instance, the
sooner they are able to address it. As a result of increased visibility
to loads and accurate delivery times, the productivity of all
participants in the shipping process will also improve. Additionally,
NaviShare facilitates streamlined communications for both drivers and
carriers. Since the software technology provides load status/estimated
time of arrival in real-time, the system will eliminate the burden on
the dispatcher or any one individual to follow up on a late shipment.
The tool will also have a positive impact on consumers by helping
improve the speed of products to market, reducing the number of
out-of-stock scenarios, and making it possible to know when and where a
shipment may be in the case that a desired product is not on the shelf.
Later this year, NaviShare will activate additional advanced planning
and analytics features, enabling freight capacity sharing, as well as
management of shipments through predictive alerts for weather and
traffic delays. With these enhanced capabilities, the NaviShare tool and
Ryder logistics engineers will naturally be able to prescribe immediate
solutions that minimize impact to both cost and service.
To learn more about Ryder NaviShare™ and request a demo, visit www.ryder.com/navishare.
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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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
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Source: Ryder System, Inc.