FOR IMMEDIATE RELEASE
Trucker Tools Adds Ryder Freight Brokerage to its Digital Carrier Engagement Platform
- Brokerage division integrates industry-leading Trucker Tools Book It Now® to automate load booking and streamline workflow for owner-operators and small fleets.
- Launches real-time visibility into available capacity and predictive freight-matching; enhances load-match speed and accuracy, broker productivity and carrier satisfaction; expands capacity choices at competitive rates for shippers.
- Deploys Trucker Tools app-based automated GPS load tracking to improve tracking-data latency, completeness, and accuracy.
RESTON, VA AND MIAMI, FL – JULY 21, 2020 – Trucker Tools LLC announced today that the freight brokerage division of Ryder System Inc. (NYSE: R) selected Trucker Tools as a key technology platform supporting carrier engagement and digital process automation for the company’s freight brokerage operations.
Miami, Fla.-based Ryder is a North American leader in supply chain, dedicated transportation, commercial fleet management and integrated transportation management services. Reston, Va.-based Trucker Tools provides cloud-based, real-time shipment visibility, capacity planning, freight-matching and automated booking software for freight brokers and small-fleet truckload carriers.
“This engagement fully aligns with our strategy of engaging innovative, forward-thinking technology partners that can further enhance our service offerings,” said Dave Belter, vice president and general manager of global transportation management solutions for Ryder.
“Trucker Tools delivers improved freight transparency and visibility for our shippers and carrier partners, as well as drives efficiencies and reduces costs, all while enhancing service levels through automation.”
Ryder’s brokerage operation gives customers access to free, express quotes with competitive pricing and reliable services from thousands of qualified LTL, truckload and expedited for-hire carriers, as well as a nationwide network of quality Ryder fleets. Trucker Tools will enable Ryder’s brokerage operating platform with four primary functional applications:
- Provides real-time capacity visibility and streamlined workflows
to analyze, present and secure optimal load matches with available carriers,
dramatically reducing the time it takes a broker to cover a load. The software
considers a variety of real-time factors and historical data to drive
decisions, including the carrier’s profile, current or soon-to-arrive location,
proximity, lane and load preferences. The application also considers where the
carrier is going next, using that intelligence combined with powerful
algorithms to identify and rank future available reloads, a strategic benefit
that lets Ryder’s brokers set up multiple leg moves for carriers.
- Automates how carriers accept and confirm an offered load with
Ryder’s brokers. Book it Now®, presents to the carrier, on their smartphone,
real-time available loads with pricing and enables truckers to do one-click
load acceptance and confirmation. This significantly reduces the time it takes
a broker to confirm a load, improving productivity, and for the trucker,
eliminates wasteful phone calls, emails, and texts, reducing non-productive
downtime.
- Provides an automated, real-time feed of shipment tracking data to
Ryder’s transportation management system (TMS) via the Trucker Tools mobile
driver app. Residing on the driver’s smartphone, this function utilizes the
phone’s embedded GPS capability to communicate updated location information
every five minutes. The information is displayed on the Ryder broker’s TMS as a
visual “bread crumb” display tracking the shipment in real time from pickup to
delivery, providing a continually updated estimated time of arrival.
Importantly, Ryder customers also can go into the Ryder portal and view this
updated, real-time tracking information as well.
- Another tool contained in the Trucker Tools mobile driver app,
this feature allows truckers, using their smartphone, to snap a picture and
send digital images of key shipping documents, within a secure, protected
network. Invoices and delivery receipts will digitally flow directly into
Ryder’s back-office systems, accelerating payment to the driver.
The Trucker Tools Mobile Driver App, which fully supports all the digital carrier engagement platform’s functions, has emerged as the truckload industry’s most popular “lifestyle” mobile app among professional truck drivers. It’s been downloaded by some 950,000 truckers and is actively used by nearly 140,000 small-fleet operators, who typically manage 10 trucks or less. This segment represents some 90 percent of truckload carriers in the market.
While the integration will help reduce the cost of covering a load and improve carrier-tracking compliance, from a service perspective, Belter emphasized, “It will open the door to more capacity choices for our customers and at competitive pricing.”
“We are excited to welcome Ryder’s freight brokerage operation to our platform,” said Prasad Gollapalli, Trucker Tools’ founder and chief executive. “Especially in these times, brokers need to explore every avenue to reduce costs, every opportunity to streamline and optimize how they do business and help their carriers be more productive.”
“Without trucks, the freight sits,” he added.” Those brokers who do the best job of collaborating with and supporting their carriers will be the ones who are best prepared for success when the market turns. We look forward to helping Ryder successfully navigate this journey.”
About Trucker Tools: Trucker Tools, based in Reston, Va., is the leading provider of trip planning, shipment visibility, predictive freight matching and automated booking solutions for the transportation industry. Its ground-breaking Smart Capacity platform uses accurate, real-time data and powerful algorithms to optimally match freight by predicting when and where capacity will become available, days in advance. The company’s popular driver smartphone app has been downloaded by some 950,000 owner operators and small-carrier fleets to access information and services conveniently while on the road. Included in the smartphone app is Book it Now®, the industry’s first digital load booking app that automates and streamlines the load search and booking process for drivers and brokers, saving time and money. Trucker Tools load tracking solution is a robust feature in the app that connects drivers with carriers and freight brokers, automating the provision and collection of real-time shipment tracking and eliminating manual check calls. Visit Trucker Tools at www.truckertools.com or contact us directly at: [email protected].
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading transportation and logistics company. It provides supply chain, dedicated transportation, and commercial fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages more than 250,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 55 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. 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 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 the periodic filings of Ryder System, Inc. with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for Ryder’s management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, Ryder undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Media Contacts:
Gary Frantz, Trucker Tools, (925) 594-1434, [email protected]
Anne Hendricks, Ryder System, Inc., (305) 500-4547, [email protected]
