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 FreightWaves, gave an overview of one of the company’s key initiatives, which involved not just development of a software product but also truck “relay yards” outside Phoenix and Los Angeles to serve as intermediary stops in the delivery of freight to those cities.
As Berberick described it, the Baton test involved a control group that moved freight between Phoenix and Los Angeles using normal practices. The second group used a relay yard in Commerce, California. Full deliveries coming in and out of the two cities testing the system would drop and hook in Commerce. Freight coming out of Los Angeles headed toward Phoenix, or vice versa, would have local drivers complete the final miles between Commerce and the Los Angeles destinations, whether they were incoming or outgoing.
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