Baton

Ryder launches technology lab with FreightTech acquisition Baton

The logistics industry is undergoing a digital transformation, shedding manual practices in favor of cutting-edge technologies like AI. This shift promises to eliminate wasted time and resources, leading the way to a new era of efficiency.

In support of this mission, Ryder System Inc. (NYSE:R) said Tuesday it has launched Baton, a Ryder Technology Lab, to bring together innovative engineers to take on the complex challenges of digitizing transportation networks and operations.

Last August, Ryder...

https://www.freightwaves.com/news/ryder-launches-technology-lab-with-freighttech-acquisition-baton

Ryder buys logistics tech startup Baton, which it had invested in previously

Ryder is acquiring Baton, a company it had already invested in through its Ryder Ventures arm that targets giving the fleet rental and supply chain management giant a stake into logistics-focused startups.

In a statement announcing the acquisition, Ryder (NYSE: R) said it invested in Baton early in 2021. The acquisition of the full company was closed Aug. 31.

Ryder declined to answer further questions about the deal.

Late last year, Baton co-founder Andrew Berberick, in an interview with...

https://www.freightwaves.com/news/ryder-buys-logistics-tech-startup-baton-which-it-had-invested-in-previously

Digital drop-freight platform Baton lays off 25% of workforce

Digital drop-freight platform Baton confirmed that it has cut about 25% of its workforce, which included five corporate employees who supported the operational leg of the company as well as about 11 drivers. 

Baton founders Nate Robert and Andrew Berberick said Tuesday the move comes as the San Francisco-based company looks to pivot its business to focus on its core product, its Radius artificial intelligence transportation management system.

Related article: Baton launches local fleet backed by...

https://www.freightwaves.com/news/digital-drop-freight-platform-baton-lays-off-25-of-workforce

Baton launches local fleet backed by AI-driven schedule optimization technology

After almost two years of creating drop-freight networks to improve the delivery process within dense cities, San Francisco-based Baton announced Thursday it has launched its own local trucking fleet powered by proprietary digital solutions to maximize its drop-network offering.

While Baton had not originally considered acquiring its own assets to maximize its local drop-freight business model, Andrew Berberick, co-founder of Baton, told FreightWaves the recent volatility in the market spurred...

https://www.freightwaves.com/news/baton-launches-local-fleet-backed-by-ai-driven-schedule-optimization-technology

Top 4 trailblazing moments for FreightTech in 2021

In 2021, tightened capacity, delayed deliveries and surging prices exposed the global supply chain inefficiencies that have harmed the industry for decades. 

Consumers responded by ordering early and in bulk, making it even more difficult for companies to project, let alone fix, problems with their logistics networks. 

To overcome these challenges, the FreightTech community took pages out of Silicon Valley’s forward-thinking book and began applying technology to these problems, building a strong...

https://www.freightwaves.com/news/top-4-trailblazing-moments-for-freighttech-in-2021

Baton cites specific savings in latest relay yard experiment results

Logistics startup Baton, which aims to feed last-mile freight through a series of relay yards strategically placed outside major cities, has completed a study that its co-founder said was  aimed at convincing midsized companies of the value of its service.

Co-founder Andrew Berberick told FreightWaves in an email that the result of the study is not being viewed as a “proof of concept.” Baton is past that point, he said, adding that the company already is moving freight for five of the top 10...

https://www.freightwaves.com/news/baton-cites-specific-savings-in-latest-relay-yard-experiment-results

8VC files for two new funds, intends to raise over $1B

Austin, Texas-based 8VC, a venture firm within the logistics industry, has submitted filings with the U.S. Securities and Exchange Commission for two new venture capital funds this week. The funds, 8VC Opportunities Fund II L.P. and 8VC Fund IV L.P., intend to raise $880 million and $640 million, respectively.

While the firm has not addressed what type of investments the new funds will be for, 8VC has been acclaimed for its investments in supply chain technology companies.

Last month, 8VC was...

https://www.freightwaves.com/news/8vc-files-for-two-new-funds-intends-to-raise-over-1b

Carriers bet on Capacity-as-a-Service

Over the past decade, as-a-service (aaS) business models have infiltrated supply chain actors in order to advance the industry to keep up with increasingly tech-focused lifestyles.

Software-as-a-service (SaaS) has targeted shippers across the globe, promising an easier way to handle in-house procurement and transportation workflows, and offer a layer of resilience when unforeseen hurdles arise.

SaaS-based solutions have also been promoted within the freight brokerage space, eventually fueling the...

https://www.freightwaves.com/news/carriers-bet-on-capacity-as-a-service

FreightWaves LIVE recap: Local relays help optimize available capacity

This fireside chat recap is from Day 1 of FreightWaves LIVE @HOME.

FIRESIDE CHAT TOPIC: The Business of Local Relays

DETAILS: Driver productivity is the simplest method to increase truck capacity. 

SPEAKER: Andrew Berberick, co-founder of Baton

BIO: Berberick is an entrepreneur and engineer who has consulted for companies like Google and Facebook. With Baton, his mission is to unlock billions of wasted hours in long-haul trucking in order to bring $150 billion of lost productivity back into the...

https://www.freightwaves.com/news/freightwaves-live-recap-local-relays-help-optimize-available-capacity

Baton’s Andrus partnership: A lesson in effectively addressing dwell time

Andrus Transportation Service Inc., a trucking company based in Utah, announced it has partnered with Baton, a final-mile logistics platform. The partnership comes after a successful 30-day pilot program that reduced the dwell time, or wait time, the company experienced in Los Angeles.

Andrus’ operations director, Garrett Costly, explained that prior to the pilot, most drivers experienced 3.2 hours of wait time per load, in a market that is currently experiencing dwell time closer to 1.9 hours.

A...

https://s29755.pcdn.co/news/batons-andrus-partnership-a-lesson-in-effectively-addressing-dwell-time

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