Ryder System Ranked in FreightWaves FreightTech 25 Awards
NOV 23, 2022 - 7:01 am
Ryder System ranked among the top 25 most innovative and disruptive companies in the freight technology space at the annual FreightWaves FreightTech 25 Awards, which were announced during the F3: Future of Freight Festival.
“To face such formidable competition in an awards program as reputable as the FreightTech 25 – and rank among the best in the business – it underscores Ryder’s commitment to investing in and leveraging emerging technologies that help make our industry, our business, and ultimately, our customers’ businesses better, faster, and smarter,” Karen Jones, CMO and head of new product development for Ryder, said.
Ryder invested $1.2 billion over the past four years to build, acquire and create strategic alliances with start-ups and technology providers on innovative new products and solutions that tackle disruptions in the supply chain. The company focuses on four strategic areas of disruption: next-generation vehicles, e-commerce fulfillment, asset sharing and digital technologies.
Among Ryder’s innovations are:
COOP by Ryder®, the largest commercial truck- and trailer-sharing platform connecting fleet owners with idle vehicles to trusted businesses needing rental vehicles. To date, more than 10,000 businesses have joined the program nationwide, with COOP experiencing 250% year-over-year growth since its inception in 2018.
In the area of next-generation vehicles, Ryder collaborates with manufacturers of electric vehicles (EV) and EV charging infrastructure, as well as companies working to commercialize autonomous vehicles (AV) and AV logistics networks.
RyderGyde, the only application in the industry that allows drivers, fleet managers, and fleet owners to manage all aspects of fleets small and large – anywhere, anytime, and on any device. It’s a one-stop shop for scheduling vehicle maintenance, renting trucks, comparing fuel prices, and recording electronic driver vehicle inspection reports.
RyderVentures, a $50 million corporate venture capital fund to invest in and create strategic alliances with start-up companies tackling disruptions in the supply chain, with the goal of identifying companies and business models addressing pain points and working alongside them to speed solutions to market.
And RyderShare, a one-of-a-kind, end-to-end visibility and collaborative logistics technology that enables everyone involved in moving goods through supply chains – shippers, receivers, carriers, and service providers – to work together in real-time to easily see potential problems and inefficiencies, take pro-active action to course-correct, and utilize business intelligence and analytics to inform future decision-making.
RyderShare also won the “Best in Show” competition at the FreightWaves F3 Future of Freight Festival. Almost 2,000 festival attendees voted RyderShare a standout.
“It’s true that innovation begets innovation,” Jones said. “So, stay tuned for more from Ryder.”
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