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MIAMI--(BUSINESS WIRE)--Nov 22, 2022--
Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces it ranks among the top 25 most innovative and disruptive companies in the freight technology space, according to the annual FreightWaves FreightTech 25 awards. FreightWaves announced the winners during its F3: Future of Freight Festival.
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Ryder ranks among the top 25 most innovative and disruptive companies in the freight technology space, according to the annual FreightWaves FreightTech 25 awards. (Photo: Business Wire)
“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,” says Karen Jones, CMO and head of new product development for Ryder.
Ryder has 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 in these areas are:
RyderShare also won the “Best in Show” competition at the FreightWaves F3 Future of Freight Festival. After three days of rapid-fire demonstrations, during which 50 leading companies had just seven minutes to show off their latest freight technology solutions, nearly 2,000 festival attendees voted RyderShare a standout.
“It’s true that innovation begets innovation,” adds Jones. “So, stay tuned for more from Ryder.”
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 239,000 commercial vehicles and operates more than 330 warehouses, encompassing more than 80 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.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, including our expectations with respect to our ability to continue investing in freight technology solutions and the capabilities of our freight technologies, 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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View source version on businesswire.com:https://www.businesswire.com/news/home/20221122005147/en/
CONTACT: Anne Hendricks
(305) 500-4547
amhendricks@ryder.comAmy Federman
(305) 500-4989
afederman@ryder.com
KEYWORD: FLORIDA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FLEET MANAGEMENT AUTOMOTIVE TRUCKING RAIL AUTOMOTIVE MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT MANUFACTURING
SOURCE: Ryder System, Inc.
Copyright Business Wire 2022.
PUB: 11/22/2022 06:55 AM/DISC: 11/22/2022 06:56 AM
http://www.businesswire.com/news/home/20221122005147/en