Ryder, Asia logistics firm in venture
Ryder System said Thursday it has signed a joint venture partnership with Cargo Services Far East, an Asia-based logistics company specializing in export consolidation services.
The venture, known as Ryder Supply Chain Solutions Asia, will provide vendor and purchase order management, inland transport services, export consolidation and order fulfillment services, including distribution center bypass and store-ready pallet construction from Asia to North America.
'It builds upon Ryder's recent acquisition of CRSA Logistics, which manages transpacific end-to-end transportation management and supply chain services for Canadian retailers, including consolidation services in key Asian hubs and deconsolidation operations in Canada,' the company said.
'This partnership gives us an extensive network throughout Asia and builds on our purchase order management and export consolidation capabilities,' said John Williford, Ryder's president of global supply chain solutions. 'The partnership applies our strengths in operational execution, engineering and information technology to enable us to help retailers and other U.S. importers design, plan and manage their product flows from factories in Asia to retail stores across North America.'