Baton

“The establishment of a Silicon Valley-based technology lab is a natural evolution for Ryder,” says Ryder’s CMO.

Ryder’s earnings show that even though the company is focused on growing other parts of the business, leasing is still where it makes most of its money.

FreightWaves founder and CEO Craig Fuller talks with Andrew Berberick and Nate Robert about why they created Baton and then sold the company to Ryder.

Ryder has bought the rest of Baton, a logistics software startup that already had received funding from Ryder Ventures.

Baton eliminates 25% of its workforce to pivot its business model to focus on its artificial intelligence transportation management software for drop-freight operation

“Our belief is we can use the software we have built for large carriers to do the last mile and apply that software for local DC-to-DC [shipments] to pass our relay efficiencies and savings to shippers while allowing drivers in our network to earn more,” said Baton’s co-founder.

From relay networks to industry unicorns, FreightWaves looks at technology trends that will continue to transform supply chains into the new year.

The test by the startup company is not being viewed as a proof of concept but rather to demonstrate its model to midsized companies.

8VC was named top VC in Pitchbook’s Q1 2021 Supply Chain Tech Report.

The servitization of the trucking industry means there is a need for carriers to have better transparency of their available equipment in order to add new revenue streams.

“The customers who use Baton will one day never have to send long-haul drivers to warehouses again.”

Andrus was able to reduce its dwell time to 30 minutes, 1.38 hours less than the market average and 1.6 hours less than the average national wait time.

The capital will drive volume growth and help Baton expand to new markets.

Baton co-founder Andrew Berberick explains how truckers can regain time and cover more freight through an elastic model of on-demand capacity.

FreightWaves’ Kevin Hill interviews co-founders of Baton about their technology plans to eliminate long-haul truck driver dwell times.