Ryder and Terminal Digitize Yard; Achieve 99% Accuracy with AI Computer-Vision
Ryder System, Inc. (NYSE: R) and Terminal Industries have successfully piloted an AI-powered computer-vision technology to automate and optimize warehouse yard operations. The ongoing pilot at a Ryder e-commerce fulfillment center in California has processed over 10,000 truck detections with 99% accuracy in capturing license plates and DOT numbers since January. This technology aims to modernize the currently manual and inefficient process across the industry, potentially addressing inefficiencies that cost the industry up to $146 billion annually. Ryder and Terminal have launched a second pilot using Terminal's technology on mobile tablets to auto-capture available inventory at a Ryder truck rental and maintenance facility in Dallas-Fort Worth.
Ryder System, Inc. (NYSE: R) e Terminal Industries hanno sperimentato con successo una tecnologia di visione artificiale basata sull'IA per automatizzare e ottimizzare le operazioni nel piazzale dei magazzini. Il progetto pilota attivo in un centro di distribuzione e-commerce di Ryder in California ha elaborato oltre 10.000 rilevamenti di camion con un'accuratezza del 99% nella cattura di targhe e numeri DOT da gennaio. Questa tecnologia mira a modernizzare il processo attualmente manuale e inefficiente in tutto il settore, affrontando potenzialmente inefficienze che costano all'industria fino a 146 miliardi di dollari all'anno. Ryder e Terminal hanno avviato un secondo progetto pilota utilizzando la tecnologia di Terminal su tablet mobili per registrare automaticamente l'inventario disponibile in una struttura di noleggio e manutenzione camion di Ryder a Dallas-Fort Worth.
Ryder System, Inc. (NYSE: R) y Terminal Industries han probado con éxito una tecnología de visión por computadora impulsada por IA para automatizar y optimizar las operaciones en el patio del almacén. El piloto en un centro de cumplimiento de comercio electrónico de Ryder en California ha procesado más de 10,000 detecciones de camiones con un 99% de precisión al capturar matrículas y números DOT desde enero. Esta tecnología busca modernizar el actual proceso manual e ineficiente en la industria, abordando potencialmente las ineficiencias que le cuestan a la industria hasta 146 mil millones de dólares anuales. Ryder y Terminal han lanzado un segundo piloto utilizando la tecnología de Terminal en tabletas móviles para capturar automáticamente el inventario disponible en una instalación de alquiler y mantenimiento de camiones de Ryder en Dallas-Fort Worth.
라이더 시스템, Inc. (NYSE: R)와 터미널 산업이 AI 기반의 컴퓨터 비전 기술을 성공적으로 파일럿하여 창고 야드 운영을 자동화하고 최적화했습니다. 캘리포니아에 있는 라이더 전자상거래 물류 센터에서 진행 중인 파일럿은 1월 이후 99% 정확도로 10,000대 이상의 트럭 탐지를 처리했습니다 자동차 번호판 및 DOT 번호를 캡처했습니다. 이 기술은 현재 수동적이고 비효율적인 과정을 현대화하는 것을 목표로 하며, 업계에 연간 최대 1,460억 달러의 비용을 초래하는 비효율성을 해결할 수 있을 것으로 예상됩니다. 라이더와 터미널은 두 번째 파일럿을 시작했습니다 터미널의 기술을 모바일 태블릿에서 사용하여 달라스-포트워스의 라이더 트럭 대여 및 유지보수 시설에서 사용 가능한 재고를 자동으로 캡처합니다.
Ryder System, Inc. (NYSE: R) et Terminal Industries ont réussi à piloter une technologie de vision par ordinateur alimentée par l'IA pour automatiser et optimiser les opérations de cour d'entrepôt. Le projet pilote en cours dans un centre de distribution e-commerce de Ryder en Californie a traité plus de 10 000 détections de camions avec une précision de 99% dans la capture des plaques d'immatriculation et des numéros DOT depuis janvier. Cette technologie vise à moderniser le processus actuellement manuel et inefficace dans l'industrie, abordant potentiellement les inefficacités qui coûtent à l'industrie jusqu'à 146 milliards de dollars par an. Ryder et Terminal ont lancé un deuxième pilote utilisant la technologie de Terminal sur des tablettes mobiles pour capturer automatiquement les stocks disponibles dans une installation de location et de maintenance de camions de Ryder à Dallas-Fort Worth.
Ryder System, Inc. (NYSE: R) und Terminal Industries haben erfolgreich eine KI-basierte Computer-Vision-Technologie getestet, um die Abläufe im Lagerhof zu automatisieren und zu optimieren. Das laufende Pilotprojekt in einem Versandzentrum für E-Commerce von Ryder in Kalifornien hat seit Januar über 10.000 Lastwagen mit einer Genauigkeit von 99% bei der Erfassung von Nummernschildern und DOT-Nummern verarbeitet. Diese Technologie zielt darauf ab, den derzeit manuellen und ineffizienten Prozess in der Branche zu modernisieren und potenziell Ineffizienzen anzugehen, die der Branche jährlich bis zu 146 Milliarden Dollar kosten. Ryder und Terminal haben ein zweites Pilotprojekt gestartet, bei dem die Technologie von Terminal auf mobilen Tablets verwendet wird, um den verfügbaren Bestand in einer Ryder-Frachtvermietung und Wartungseinrichtung in Dallas-Fort Worth automatisch zu erfassen.
- Achieved 99% accuracy in capturing license plates and DOT numbers
- Processed over 10,000 truck detections since January
- Potential to address industry inefficiencies worth up to $146 billion annually
- Launched a second pilot for auto-capturing inventory at a truck rental facility
- RyderVentures participated in Terminal's $31 million seed funding round
- None.
Insights
The successful pilot program between Ryder and Terminal marks a significant leap in warehouse yard automation. The 99% accuracy in capturing license plates and DOT numbers is impressive, especially given the challenging real-world conditions. This level of precision could revolutionize yard management, potentially reducing errors, bottlenecks and operational costs.
The use of machine learning to continuously improve the system's performance is particularly noteworthy. By building "the language of the yard," Terminal's AI is creating a robust foundation for future applications beyond simple identification. This could lead to more comprehensive yard optimization solutions, addressing the estimated $146 billion inefficiency in the industry.
The expansion to mobile tablets for inventory management in the second pilot suggests scalability and versatility of the technology, which could be a game-changer for the logistics industry.
This partnership could significantly impact Ryder's operational efficiency and bottom line. By digitizing yard operations, Ryder stands to reduce labor costs, minimize errors and optimize asset utilization. Given that trucks move 72% of all freight by weight, equating to over
Ryder's investment in Terminal through RyderVentures demonstrates a strategic approach to innovation. By co-developing this technology, Ryder positions itself at the forefront of logistics automation, potentially creating a competitive advantage and new revenue streams if the technology is commercialized.
Investors should monitor how this technology impacts Ryder's operational metrics and profitability in the coming quarters, as successful implementation could drive long-term value creation.
Pilot program part of co-development effort to automate and optimize warehouse yards, where manual processes can hinder supply chains
Terminal’s AI-powered computer-vision technology automatically indexes and analyzes identifying information from a Ryder truck approaching a guard gate during a pilot program at a Ryder e-commerce warehouse yard in the
“We have not seen this kind of accuracy with computer-vision technology previously, so this is a significant milestone in the race to modernize what is currently a very manual and inefficient process across the industry,” says Karen Jones, CMO and head of new product development at Ryder. “It’s one thing to build a text-recognition algorithm that works on static objects or in an academic setting, but it’s quite another in the real world, where we’re dealing with obscured license plates, hand-written DOT numbers, inclement weather, and any number of scenarios that affect visibility for cameras.”
To compensate for common errors in recording this data, Terminal’s computer-vision technology uses machine learning by adding incremental knowledge to continuously improve. And integration with third-party databases provides full vehicle profiles beyond what cameras can see.
“We are building the language of the yard,” says Max Constant, CEO of Terminal. “Ryder’s data is a gold mine for training. Most people believe more data is the answer, but it’s really about having the right data – the noisy, real-world data. That’s a major key to developing our core technology, so we can leverage this powerful tool – not just for one use case but across a broad range of applications to optimize yard operations in ways not yet evident in the industry.”
In many yards today, operators manually record license plate, DOT, and trailer numbers; ensure trucks have appointments and are hauling the correct trailers; and keep accurate inventory of available vehicles. This manual process can lead to bottlenecks, delays, increased driver and labor costs, and idle assets.
According to the American Trucking Associations (ATA), trucks move more than
“While there are many emerging players and technologies focused on solving specific pain points, Max and his team see a much bigger picture. Ryder shares that vision, and we look forward to exploring the areas where we can leverage Terminal’s core technology to bring that value to our customers,” adds
In July, Ryder and Terminal launched a second pilot, using Terminal’s technology on mobile tablets to auto-capture available inventory at a Ryder truck rental and maintenance facility in the
Last summer, Ryder’s corporate venture capital fund RyderVentures participated in Terminal’s seed funding round which raised a total of
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout
About Terminal Industries
Terminal Industries develops novel AI platforms that digitize the yard. Terminal is headquartered in
Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements, including our expectations with respect to Terminal Industries and the current and future capabilities of artificial intelligence (“AI”) and other related technologies, are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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For Information Contact:
Anne Hendricks, amhendricks@ryder.com
Amy Federman, afederman@ryder.com
Source: Ryder System, Inc.
FAQ
What is the accuracy rate of Terminal's AI computer-vision technology in Ryder's pilot program?
How many truck detections has the Ryder-Terminal pilot program processed since January?
Where is Ryder (NYSE: R) conducting the second pilot with Terminal's technology?
How much could inefficiencies in yard operations cost the trucking industry annually?
