Tow4Tech, an innovative SaaS platform modernizing the commercial-fleet towing industry, is excited to announce the expansion of its business with Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, across Ryder’s Florida operations. Based on encouraging results from a recent pilot, the companies will now scale Tow4Tech’s real-time dispatch technology statewide.
By digitizing and automating the traditionally fragmented and manual towing process, Tow4Tech’s goal is to help Ryder improve fleet uptime, reduce roadside response times, and enhance visibility across vehicle service operations. With Ryder managing over 250,000 assets in North America, the expanded pilot is expected to deliver significant operational efficiencies in the region.
“The first phase of our relationship has shown encouraging results towards our goal of reducing downtime and improving the service experience for our customers when they have a roadside event,” said Jenn Dixon, Vice President of Maintenance Technology at Ryder. “Tow4Tech brings speed, transparency, and automation to the roadside process. Their innovative platform makes it easier for our teams to coordinate roadside assistance, and we’re excited to expand our pilot throughout Florida as they continue to build out their platform.”
Tow4Tech’s platform connects fleet managers and service centers with top-performing tow and roadside providers using real-time geolocation, automated dispatching, and digital job tracking. The announcement follows Tow4Tech’s recently closed $1.5 million pre-seed funding round led by BrightCap Ventures, bringing the company’s total investment raised to $3.3 million. The funds will be used to expand its national network of heavy-duty providers, accelerate platform development, and grow its engineering team.
"We are proud to expand our business with Ryder, an industry pioneer that continues to embrace tech-driven innovation," said Craig Schneider, CEO and Co-Founder of Tow4Tech. "This relationship reflects our shared commitment to transforming an outdated and often frustrating process into one that is intelligent, efficient, and accountable. Together, we are actively developing a technology roadmap, focusing on enhancing solution efficiency and defining a more streamlined, robust architecture to support future growth."
Tow4Tech and Ryder will continue to evaluate further expansion as performance data and operational outcomes are measured over the coming months.
Tow4Tech, an innovative SaaS platform modernizing the commercial-fleet towing industry, is excited to announce the expansion of its business with Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, across Ryder’s Florida operations. Based on encouraging results from a recent pilot, the companies will now scale Tow4Tech’s real-time dispatch technology statewide.
By digitizing and automating the traditionally fragmented and manual towing process, Tow4Tech’s goal is to help Ryder improve fleet uptime, reduce roadside response times, and enhance visibility across vehicle service operations. With Ryder managing over 250,000 assets in North America, the expanded pilot is expected to deliver significant operational efficiencies in the region.
“The first phase of our relationship has shown encouraging results towards our goal of reducing downtime and improving the service experience for our customers when they have a roadside event,” said Jenn Dixon, Vice President of Maintenance Technology at Ryder. “Tow4Tech brings speed, transparency, and automation to the roadside process. Their innovative platform makes it easier for our teams to coordinate roadside assistance, and we’re excited to expand our pilot throughout Florida as they continue to build out their platform.”
Tow4Tech’s platform connects fleet managers and service centers with top-performing tow and roadside providers using real-time geolocation, automated dispatching, and digital job tracking. The announcement follows Tow4Tech’s recently closed $1.5 million pre-seed funding round led by BrightCap Ventures, bringing the company’s total investment raised to $3.3 million. The funds will be used to expand its national network of heavy-duty providers, accelerate platform development, and grow its engineering team.
"We are proud to expand our business with Ryder, an industry pioneer that continues to embrace tech-driven innovation," said Craig Schneider, CEO and Co-Founder of Tow4Tech. "This relationship reflects our shared commitment to transforming an outdated and often frustrating process into one that is intelligent, efficient, and accountable. Together, we are actively developing a technology roadmap, focusing on enhancing solution efficiency and defining a more streamlined, robust architecture to support future growth."
Tow4Tech and Ryder will continue to evaluate further expansion as performance data and operational outcomes are measured over the coming months.