Ryder has bought the rest of Baton, a logistics software startup that already had received funding from Ryder Ventures.
“There is an urgent demand for new and innovative ways to increase visibility and efficiencies in the supply chain and improve driver experience, and this investment from our new and existing partners is going to power us to fill that need,” says Platform Science co-founder and CEO Jack Kennedy.
According to Gartner, multi-robot orchestration has only penetrated 1%-5% of its total target audience and will become necessary as companies begin deploying more than one robotics technology within their operations.
By 2030, truck manufacturing executives expect $465 billion of annual revenue will likely switch from sales to aftermarket services for fleet management, automation tools, data security, privacy and enhanced driver features.
As drone delivery services ramp up, the time is quickly approaching when warehouses will need to adjust their operations to accommodate single-package loading.
“The pandemic has greatly accelerated the adoption of smart automation, and we are ready to meet the unprecedented market demand.”
“Robotics and automation are a way for industries such as manufacturing to remain competitive in ‘America 2.0.,’ but these advances in technology don’t come without risks,” said Mark Cuban.
The startup will use proceeds to more than double its staff as it prepares for growth in the industrial warehousing sector.
The freight business is both complicated and asset-heavy. To be successful, tech startups need to know the freight business, its pain points and its limitations.
AOL co-founder and current Revolution CEO Steve Case and Ryder’s Karen Jones to headline star-studded virtual event focused on FreightTech.
Real Estate Roundup is a weekly rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Prologis, Brookfield and Greek Development aggressively pursue […]
William O’Donnell, managing partner of Prologis Ventures, the venture capital arm of the logistics real estate trust Prologis, cited a jaw-dropping stat in a discussion with FreightWaves CEO Craig Fuller […]
