News Details

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced today that it has been named to Food Logistics 2018 FL100+ Top Software and Technology Providers, an annual list that serves as a resource guide of providers whose products and services are critical for companies in the global food and beverage supply chain.

“The rapid development of new technologies and exponential growth of big data have the power to either transform or disrupt the supply chain,” said Darin Cooprider, Ryder Vice President & General Manager of Consumer Packaged Goods. “Larger food and beverage companies may be too siloed to have a clear picture of their supply chains end-to-end, while smaller companies may lack the in-house experience to implement technology-driven change. That’s where Ryder comes in.”

With nearly 85 years of food-and-beverage industry experience, Ryder’s cutting-edge, cloud- and mobile-based technology solutions deliver a fully optimized supply chain with real-time, end-to-end visibility and greater speed-to-market.

RyderShare^TM is a cloud-based platform that provides order-location visibility, tracking, exception alerts, and collaborative communications between all stakeholders in a supply chain. The desktop and mobile app-based solution gives customers actionable analytics with dashboard and diagnostics for on-time performance, load validation, and customized reports.

In its warehouse operations, Ryder deploys robotics, smart sensors, wearable technologies, and drones at select locations as part of its Smart Warehouse Solutions, which maximize productivity and cost savings, as well as improve efficiencies and inventory control. The advanced automation technologies deliver customized, flexible and instantly scalable operations, with 100 percent real-time visibility and a customer-centric experience.

Ryder is also expanding the first-of-its-kind, web-based asset sharing platform for commercial vehicles, including refrigerated trucks to serve the food and beverage industry. COOP by Ryder^TMaims to revolutionize the optimization of commercial trucks by offering businesses the opportunity to lend and borrow underutilized vehicles within a network of trusted peers. Currently in pilot phase in the Atlanta market, COOP by Ryder^TM has on-boarded more than 300 businesses since the market launch in March, with top lenders generating more than 5,000 dollars per month. COOP by Ryder^TM is expected to enter its second market in early 2019.

Additionally, RyderGyde^TM is a one-of-a-kind, mobile application in which fleet managers, renters, and drivers serving the food and beverage industry – as well as most industries – can manage their fleet in real time by scheduling maintenance appointments in 60 seconds or less; comparing real-time fuel rates; logging fuel receipts with image-reading technology; contacting roadside assistance; reserving a commercial rental truck; viewing used vehicle inventory; as well as finding Ryder locations.

“The digital supply chain continues its rapid emergence, bringing with it expanded capabilities that impact visibility, security, compliance, and efficiency,” said Lara L. Sowinski, editorial director for Food Logistics and its sister publication, Supply & Demand Chain Executive. “Every aspect of the global food supply chain stands to benefit from new and innovative software and technology that is fundamentally changing the global food supply chain.”

Ryder is recognized for its innovative technology solutions in the November/December 2018 issue of Food Logistics, as well as online at www.foodlogistics.com.

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 319 facilities with 50 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 and Mexico, and also contracts with more than 3,100 carriers in 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 36,100 people and manages a fleet of 253,800 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, 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: https://www.businesswire.com/news/home/20181217005751/en/

Anne Hendricks
(305) 500-4547
amhendricks@Ryder.com

Amy Federman
(305) 500-4989
afederman@Ryder.com

Source: Ryder System, Inc.