Embark, Ryder Partner For Freight Transfer Points

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  • Ryder System, Inc. R and Embark Trucks, Inc. announced a partnership to launch a nationwide network of up to 100 Embark transfer points. Ryder will provide yard operations, maintenance, and fleet management to support a coast-to-coast autonomous network for Embark fleet partners.
  • Embark plans to begin hauling loads in early 2022 in preparation for a larger commercial launch in 2024.
  • With this partnership, Embark plans to establish a network of transfer points, where freight is moved from driverless long-haul trucks to driver-enabled trucks for first- and last-mile delivery. Ryder plans to serve as the transfer point operator.
  • Initially, the partnership will focus on developing select sites in important freight markets in California, Arizona, Texas, Georgia, Tennessee, and Florida.
  • Price Action: R shares are trading lower by 0.42% at $81.01 on the last check Thursday.
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RRyder System Inc
$146.00-3.73%

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