Team Aims to Transform Transportation and
Supply Chain Networks; Prepare for Coming AI Wave
Ryder System, Inc. (NYSE: R), a leader in supply chain,
dedicated transportation, and fleet management solutions, announces
the establishment of Baton, A Ryder Technology Lab, based in
Silicon Valley. Baton’s mission is to pioneer a suite of
groundbreaking customer-facing technologies designed to
revolutionize how Ryder’s customers interact with their
transportation and supply chain networks. These technologies will
digitize and optimize networks at a level not currently available
in the industry and will prepare Ryder for the coming artificial
intelligence (AI) wave.
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“The establishment of a Silicon Valley-based technology lab is a
natural evolution for Ryder, as we build on the $1.3 billion in
strategic investments we’ve made over the past five years to
develop, acquire, and invest in innovative technologies, products,
and services that help make our customers’ logistics networks more
efficient and resilient,” says Karen Jones, CMO and head of new
product development for Ryder. “To build on that success, it’s
paramount we continue to invest in recruiting the brightest
technology minds out there and provide them with a startup
environment where they have the space and freedom to create, along
with the resources of a $12 billion company.”
Leading Ryder’s innovation lab are Andrew Berberick and Nate
Robert, co-chief product and technology officers for Ryder. The two
founded San Francisco-based startup Baton, which was known for the
development of a proprietary logistics technology focused on
optimizing transportation networks. Ryder initially invested in
Baton’s Series A funding round and then acquired the startup last
year.
“What piqued our interest in Ryder then, and what keeps us
excited today, is the fact that it’s the only fully integrated
port-to-door logistics provider in North America managing the
complex supply chains of many of the world’s biggest and best-known
brands. That gives Ryder tremendous perspective and reach, and as
engineers, it provides us with the unique opportunity to tackle
some of the largest and most daunting problems in the industry
today, while preparing Ryder and its customers for the coming AI
wave,” says Berberick.
Baton’s first challenge 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.
“There is a massive amount of waste when supply chains do not
communicate. We believe we can change that and bring deep
transformation to an entire sector,” says Robert. “That’s why we’re
now actively recruiting talented technologists from some of Silicon
Valley’s most respected technology firms to help solve some of the
most complex problems plaguing the nearly $2.5 trillion North
American transportation and logistics industry. We’re looking for
engineers excited by the challenge and who want the autonomy and
nimbleness of a startup environment but with the power, reach, and
stability of a highly respected industry titan.”
Berberick holds a bachelor’s and master’s degree from Stanford
University and worked for Google, Accenture, and Mindtribe; Robert
holds a bachelor’s degree from MIT and master’s degree from
Stanford University and worked for BuildZoom and Bain &
Company, prior to cofounding Baton. Other key members of the Baton
technology lab bring experience from Apple, Meta, OpenAI, NASA Jet
Propulsion Laboratory, Tesla, Loadsmart, Kinema Systems (acquired
by Boston Dynamics), PlayStation, Zynga, and LinkedIn.
For more information about Baton, A Ryder Technology Lab,
including careers, visit baton.io.
About Baton, A Ryder Technology Lab
Baton, A Ryder Technology Lab, is based in San Francisco,
California and is run by Andrew Berberick and Nate Robert, both
chief technology and chief product officers whose startup was
acquired by Ryder in 2022. Baton’s engineering team is led by Ryan
Houlihan, who was previously amongst the NASA engineers responsible
for the success of the Mars Rover. The innovation lab’s head of
operations Erik Malin formerly ran operations for a $1.3 billion
freight tech company. Baton’s engineers are at the forefront of
innovation, pioneering new technology – including AI – to transform
and bring efficiency to every aspect of the supply chain. Berberick
and Robert’s Baton startup placed fourth in FreightWaves’
prestigious 2022 FreightTech25, which honors innovation and
disruption within the freight industry. It was selected out of
hundreds of companies by an external peer group of CEOs, industry
leaders, academics and freight-industry investors. The significance
of this award comes from the fact that Baton was only beaten by
Amazon Freight and two other companies, while it was ranked ahead
of both Uber Freight and Tesla. For more information, please see
baton.io.
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. For more information, please see 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 expanding our supply
chain solutions business and the capabilities of current and future
technologies such as artificial intelligence (“AI”), 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.
ryder-org
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version on businesswire.com: https://www.businesswire.com/news/home/20230801089787/en/
Audrey Jones, 571.225.7961,
ajones@audreyjonescommunications.com
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