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Ryder Joins Plug and Play, Promotes Supply Chain Innovation
Ryder System, Inc. (R - Free Report) has been focusing on its innovation plans with new partnerships. To this end, the company announced to pair up with Plug and Play, an accelerator and venture fund, specializing in the development of early-to-growth stage technology startups.
Ryder will sponsor the company and help in the development some of the greatest technology startups. This will in turn accelerate projects across a wide range of industries. The sponsorship will also provide executive mentoring and technical expertise to a select group of startups. Additionally, it will lend an opportunity to drive startup solutions within its own operations.
Joining the Plug and Play Supply Chain & Logistics program, Ryder will offer its supply chain engineering expertise to help Plug and Play foster the growth of startups on supply chain and logistics platform.
Ryder System, Inc. Price
Ryder System, Inc. Price | Ryder System, Inc. Quote
Earlier this year, the company participated at Plug and Play’s 2017 Fall Summit where it was an Ecosystem Corporate Sponsor of the Supply Chain & Logistics accelerator program. With this new program, the Zacks Rank #3 (Hold) company joins the likes of Ericsson (ERIC - Free Report) , Panasonic and Prologis (PLD - Free Report) as sponsors of the Plug and Play Supply Chain & Logistics accelerator program. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Previous to this, the company had announced the launch of RyderShare — a cloud-based platform providing real-time shipment visibility, predictive alerts and exceptional dashboards — with the objective of introducing innovative solutions.
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