Ryder System, Inc | September 27, 2023
Ryder System, Inc., a leader in supply chain, dedicated transportation, and fleet management solutions, announces it is named among the Top 10 3PLs in the 2023 Readers’ Choice Excellence Awards by Inbound Logistics for the second consecutive year. Considering nearly 12,500 votes cast by supply chain decision-makers from some of the world’s best-known brands, the Inbound Logistics audience shortlists the top ten 3PLs they trust most to solve supply chain challenges.
“World-class 3PLs offer innovative and efficient ways to wring every ounce of productivity from enterprise operations,” says Felecia Stratton, editor of Inbound Logistics. “We’re pleased to recognize Ryder for making the investment in the solutions and expertise that empowered logistics, supply chain, and transportation excellence for customers in 2023.”
To fully optimize supply chain and transportation networks, Ryder continues to build on $1.3 billion in strategic investments it has made over the past five years to develop, acquire, and invest in innovative customer-facing technologies, products, and services.
In August, the company announced the establishment of Baton, A Ryder Technology Lab based out of Silicon Valley. Led by some of the brightest minds from the world’s most respected tech firms and learning institutions, the lab’s first mission is to create a first-of-its-kind, AI-powered digital platform and optimization engine that facilitates a new, integrated approach to managing transportation networks for customers where seasonality and fluctuating demand inhibit the continuous use of resources.
In July, Ryder rolled out Torque by Ryder™, a first-of-its-kind retail mobile maintenance service that fleet owners can access via desktop, smartphone, or tablet to schedule, receive, track, and pay for mobile maintenance solutions at their place of business – all without a contract.
And, in May, Ryder announced RyderElectric+™, a turnkey solution to help customers navigate the electric vehicle landscape, inclusive of developing a transition roadmap with electrification advisors, vehicles, charging, telematics, and maintenance. In addition, Ryder announced plans to introduce up to 4,000 BrightDrop electric vans to its lease and rental fleet through 2025.
“By strategically investing in and piloting new technologies, Ryder is uniquely positioned to ensure our customers have access to the innovations that will keep their supply chain and transportation networks ahead of the curve in an ever-evolving environment – and, just as importantly, access to implementation expertise as well as data scientists to turn analytics into actionable insights,” says Karen Jones, chief marketing officer and head of new product innovation for Ryder. “We strive each and every day to ensure our customers can deliver on their promises to their customers, so to be recognized for that in such a prestigious way is priceless.”
As a fully integrated port-to-door transportation and supply chain logistics provider, Ryder provides supply chain, dedicated transportation, and fleet management solutions to some of the world’s most recognizable brands representing more than 20 industries. By combining cutting-edge technology and business intelligence tools with nearly 90 years of operational know-how, Ryder custom-engineers solutions around its customers’ operations rather than trying to fit them into a one-size-fits-all formula.
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 warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmental stewardship, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce.
About Inbound Logistics
Inbound Logistics, the demand-driven logistics magazine, is the leading multi-channel content provider targeted toward business logistics and supply chain managers. Inbound Logistics’ mission is to provide the information and solutions enabling companies of all sizes to become demand-driven enterprises by speeding and reducing inventory and supporting infrastructure, and better matching demand signals to supply.
Business Wire | October 30, 2023
UPS announced today that it has entered into an agreement to acquire Happy Returns from PayPal (NASDAQ: PYPL). Happy Returns is a U.S.-based software and reverse logistics company that enables frictionless, no-box, no-label returns for merchants and consumers.
“We know that returns have long frustrated shoppers and retailers looking for quick and easy solutions,” UPS CEO Carol B. Tomé said. “By combining Happy Returns’ easy digital experience and established drop-off points with UPS’s small package network and footprint of close to 5,200 The UPS Store locations, box-free, label-free returns will soon be available at more than 12,000 convenient locations in the U.S.”
“Joining the UPS team is a win for both our employees and our customers,” said Happy Returns CEO and co-founder David Sobie, who will continue to lead the business for UPS after the deal closes. “In recent years, the growth of Happy Returns has accelerated, and we’ve built an enterprise-grade solution. This new chapter is a natural next step for Happy Returns and allows us to harness the power of the UPS network to transform the returns industry.”
Happy Returns offers a full stack of returns solutions, powered by software and fully scaled reverse logistics operations that facilitate frictionless returns. In a few simple steps, users can access a returns portal, make a box-free return at the most convenient location and have their item shipped, sorted and returned to the merchant. With more than 800 merchant customers, Happy Returns has a strong track record of providing hassle-free, no-box returns, reducing the cost of e-commerce for all players and creating a more efficient, sustainable supply chain.
The acquisition of Happy Returns is expected to close in the fourth quarter of 2023, subject to customary conditions and regulatory approvals. Terms of the acquisition were not disclosed.
Rishika Patel | September 05, 2023
FourKites, a leading supply chain visibility provider, has announced that top supply chain technology innovators will gather at 'Visibility 2023'. The innovators will demonstrate the power of real-time visibility data on September 6, 2023, at the Hyatt Regency, Chicago. Attendees will witness how this data can enhance collaboration and decision-making across the supply chain, driven by AI and machine learning insights. The event convenes over 700 supply chain leaders to foster innovation and collaboration, aligning with the industry's focus on improving real-time supply chain execution capabilities.
Visibility 2023, FourKites' annual event, now in its sixth year, will highlight practical applications of real-time visibility data. The partners for the event will demonstrate how this data can improve various aspects of the supply chain, such as planning warehouse deliveries and responding to delayed shipments. For instance, SAP Business Network for Logistics will showcase how it leverages FourKites to enhance warehouse delivery planning and supply chain decision-making. Kinaxis Inc., a leading supply chain management solutions provider, will also illustrate how it combines concurrency techniques with real-time visibility data to optimize end-to-end orchestration across supply, demand, inventory, and transportation scheduling.
The event is particularly relevant given the industry's focus on enhancing real-time supply chain execution capabilities, with projections indicating a fivefold increase in investments in this area over the next three to five years. Visibility 2023 offers attendees a curated opportunity to connect, learn, and innovate, allowing them to harness the full potential of the FourKites network by collaborating with downstream customers, upstream suppliers, and ecosystem partners.
This gathering of supply chain leaders and technology innovators is set to feature a distinguished lineup of sponsors and solution providers, including Platinum Sponsor Justransform, Gold Sponsor Manhattan Associates, and Silver Sponsors Autoscheduler.AI, Kinaxis, OneRail, Relex, SAP, SMC3, SPS Commerce, and Zebra Technologies. Additionally, the event is supported by Amazon AWS and Pando as additional sponsors. Furthermore, it will culminate in a reception at Navy Pier on September 7, 2023, providing a fitting conclusion to the event's activities.