Ryder System has announced the launch of Ryder TranSync, an automated technology tool used to provide Ryder Dedicated or transportation management solutions customers with transportation planning. TranSync is designed to help customers make better transportation decisions and save money by analyzing the best combination of transportation modes at the lowest total network cost in real time, load by load, every day.
“There is a misconception in the industry that you can identify the lowest total network cost based on optimizing lane rates only,” said John Diez, President, Ryder Dedicated Transportation Solutions. “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.”
A recent survey by the Global Supply Chain Institute at the University of Tennessee’s (UT) Haslam College of Business found that the use of common carriers to supplement private and dedicated resources has increasingly become a strategy that many transportation managers are utilizing to control internal capacity. However, a majority of transportation managers are still making fleet capacity decisions manually, and based on models that don’t accurately reflect what is happening in the marketplace. These survey findings led to Ryder’s consulting with both UT’s Global Supply Chain Institute and the Industrial and Systems Engineering Department to validate Ryder TranSync.
“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,” said John Bell, Assistant Professor of Supply Chain Management at UT’s Haslam College of Business, and co-author of the survey. “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.”
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