RYDER SYSTEM LAUNCHES $50 MILLION VENTURE FUND FOR LOGISTICS-TECH STARTUPS

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Logistics-tech just got even more interesting here in South Florida. How does a new corporate venture capital fund targeted at startups developing technologies in the logistics and transportation industries sound?

Ryder System, the Miami-based logistics and transportation giant, has launched  RyderVentures, which is targeting $50 million in investments over the next five years. RyderVentures is looking to invest in startups tackling disruptions in the supply chain, driven by accelerating demand for e-commerce fulfillment, asset sharing, next-generation vehicles, automation and data analytics, Ryder said.