Ryder Redefines the Smart Warehouse; Deploys Innovative Mix of Startup Technologies

Partnerships with innovators in robotics, drones, sensors, and
wearables make the smart warehouse customizable, flexible, and scalable

MIAMI–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/drones?src=hash” target=”_blank”gt;#droneslt;/agt;–Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management
, dedicated
transportation
, and supply
chain solutions
, announced today the successful transformation of Ryder
smart warehouses
in the Miami, Dallas, and Chicago markets. These
transformed warehouses – or showcase sites – deliver advanced
automation, flexible and instantly scalable operations, real-time
visibility, and a customer-centric experience. The warehouses,
established for three leading global consumer brands, bring together
innovative startup technologies and smart capabilities customized to
optimize operations and best serve customer needs.


The Ryder smart warehouse showcase sites feature advanced automation,
such as state-of-the-art robotics; autonomous vehicles and drones;
sensors and automatic identification tools; and wearable technology,
like smart glasses and ring scanners.

Smart Warehouse Technologies

Ryder has identified the technology below as definitive benchmarks of an
effective smart warehouse, and each area of innovation is already
delivering significant improvements for customers:

  • Robotics – The implementation of robotics throughout a
    Ryder-managed warehouse produced a 25-percent increase in productivity
    and 20-percent operating savings, simply by reducing travel time in
    the warehouse, which can account for 30 percent of an employee’s shift.
  • Drones – At a Ryder customer warehouse, drones successfully
    scanned pallets and locations in 20 minutes, compared to a manual scan
    which took 90 minutes. Additionally, a cycle count on the entire
    warehouse took just three hours versus two days. The drone can also
    identify available pallet locations and verify product placement.
  • Sensors – Identification tools provide real-time asset location
    and enable performance management. When implemented throughout a Ryder
    facility, productivity and cost savings increased more than 25 percent.
  • Wearables – When Ryder deployed smart glasses at a customer
    warehouse to improve picking processes, the time it took to pick and
    scan inventory decreased by five to seven seconds per item and
    improved efficiency by 33 percent.

“We are evaluating advanced technology and automation solutions that
require minimum investment but deliver maximum return,” said Steve
Sensing
, Ryder President of Global Supply Chain Solutions. “We focus
on technologies that are mobile, flexible, and scalable, so they can
flex with changing demands. As Ryder customers continue to face
increasing omni-channel fulfillment demands, rising consumer
expectations, and a nationwide warehouse labor shortage, we will
continue to innovate and automate the parts of the process that make
sense.”

Partners in Technology

As an industry-leader in sourcing and implementing new technologies,
Ryder has partnered with several innovative start-ups like Fetch
Robotics
to provide the technologies that bring what was once
considered the warehouse-of-the-future to life.

“Ryder – with its established network and broad bench of diverse
customers – is the ideal partner for Fetch Robotics to implement our
advanced robotics platform,” said Melonee Wise, CEO of Fetch Robotics.
“Together, our companies can provide autonomous mobile robot solutions
to serve both warehouse employees and Ryder’s customers; ultimately
making supply chain and logistics safer and more efficient. Our top
priority is to help our customers achieve on-demand automation with a
fast, flexible and scalable cloud-based platform that minimizes
strenuous manual labor and streamlines inventory processes. We’re seeing
this come to life successfully through the smart warehouses Ryder
has developed.”

About Ryder Supply Chain Solutions

Ryder Supply
Chain Solutions
optimizes logistics networks to make them more
responsive and able to be leveraged as a competitive advantage.
Globally-recognized brands in the automotive, consumer goods, food and
beverage, healthcare, industrial, oil and gas, technology, and retail
industries rely on Ryder’s leading technologies and world-class
operations to help them deliver the goods that consumers use every day.

Operating 319 facilities with 50 million square feet of warehouse space,
Ryder offers flexible solutions as well as end-to-end visibility – no
matter how challenging or diverse the storage and distribution needs may
be. Ryder currently provides comprehensive logistics and supply chain
management solutions to companies with operations in the U.S., Canada,
and Mexico, and also contracts with more than 3,100 carriers in all
modes of transportation in the markets it serves. Ryder Last Mile
provides a home delivery and white-glove installation solution for
big-and-bulky goods, with 136 facilities covering 95 percent of the U.S.
and Canada within a two-day timeframe.

The Company, founded in 1933, operates behind the scenes, managing
critical transportation and logistics functions for more than 50,000
customers, representing many of the world’s best-known brands. Ryder
employs 36,100 people and manages a fleet of 253,800 commercial vehicles.

About Ryder

Ryder is a Fortune 500® commercial fleet
management
, dedicated
transportation
, and supply
chain solutions company
. The company’s stock (NYSE: R) is a
component of the Dow Jones Transportation Average and the S&P MidCap
400® index. Ryder, which provides commercial
truck rental
, truck
leasing
, used
trucks for sale
, and last
mile delivery
services, has been named among “The World’s Most
Admired Companies” by Fortune, as well as one of “America’s Best
Employers” and “America’s Best Employers for Women” by Forbes. The
company is regularly recognized for its industry-leading practices in
third-party logistics, environmentally-friendly fleet and supply chain
solutions, world-class safety and security programs, and hiring of
military veterans. For more information, visit www.ryder.com
or our newsroom,
and follow us on Facebook,
LinkedIn,
Twitter,
and YouTube.

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
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.

Contacts

Anne Hendricks
Ryder System, Inc.
(305) 500-4547
amhendricks@ryder.com

Tim Smith
Fetch Robotics
(415) 350-3019
comms@fetchrobotics.com