Ryder System, Inc. recently launched Ryder TranSync, an automated technology tool that can be used by Ryder Dedicated or Transportation Management Solutions customers to learn the best transportation combinations in real time for each load.
“There is a misconception in the industry that you can identify the lowest total network cost based on optimizing lane rates only,” John Diez, president of Ryder Dedicated Transportation Solutions, said. “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.”
Ryder TranSync was developed after a study by the Global Supply Chain Institute at the University of Tennessee (UT) found that the use of common carriers to supplement private and dedicated resources is on the rise, but most fleet capacity decisions are still being made manually by transportation managers.
“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,” John E. Bell, assistant professor of Supply Chain Management at UT’s Haslam College of Business and co-author of the survey, said. “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.”
The new technology allows companies to see all transportation movement in one system, and use data from the tool to meet variations in demand and reduce costs.
“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,” Diez said. “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.”