MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain management solutions, today announced the launch of Ryder TranSync™—a patent pending, automated technology tool used to provide Ryder Dedicated or Transportation Management Solutions customers with dynamic transportation planning. With TranSync, Ryder helps customers make better transportation decisions and save money by analyzing the best combination of transportation modes at the lowest total network cost in real time, load by load, every day. Ryder is the first transportation and logistics provider to offer this kind of automated capability.
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“There is a misconception in the industry that you can identify the lowest total network cost based on optimizing lane rates only,” said John Diez, President, Ryder Dedicated Transportation Solutions. “Ryder TranSync enables our team to consider a number of other factors, such as available capacity and drivers, fixed fleet costs, and backhauls, and automatically calculate the true lowest network cost, as well as the best resource allocation for the customer.”
With TranSync, Ryder provides customized reports to help customers:
- Make the best mode decision among common carriers and either dedicated or private fleets in order to optimize a transportation network and find the lowest total network cost;
- Gain visibility of all transportation movements in one system to create flexible solutions that meet variations in demand; and
- Implement continuous improvement through the use of data in order to help right size fleets and reduce network costs.
A recent survey by the Global Supply Chain Institute at the University of Tennessee’s (UT) Haslam College of Business found that the use of common carriers to supplement private and dedicated resources has increasingly become a strategy that many transportation managers are utilizing to control internal capacity. However, a majority of transportation managers are still making fleet capacity decisions manually, and based on models that don’t accurately reflect what is happening in the marketplace. These survey findings led to Ryder’s consulting with both UT’s Global Supply Chain Institute and the Industrial and Systems Engineering Department to validate Ryder TranSync™.
“The impact of addressing this gap in decision making is only heightened in a trucking industry strained by increasing costs and customer service requirements, in an environment with capacity constraints and an acute driver shortage,” said John E. Bell, Assistant Professor of Supply Chain Management at UT’s Haslam College of Business, and co-author of the survey. “The implications are clear; there is ample room for improving the decision-making process on how to allocate shipments using a combination of internal and external fleets.”
“With TranSync, Ryder account teams provide Dedicated and Transportation Management users with a competitive advantage by providing them with seamless planning across all providers, as well as flexibility, visibility and reliability,” continued Mr. Diez. “We are proud to be the first to bring this much needed automated planning tool to the market, offering customers the opportunity to experience cost savings while achieving continuous improvement.”
Ryder TranSync™ is available to both new and existing customers, and is best suited for those who use a mix of common carriers and either dedicated or private fleets. To learn more, click here.
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, and follow us on our Online Newsroom, Facebook, LinkedIn, Twitter, and YouTube.
