Recent studies have highlighted the significant potential of Large Language Models (LLMs) as zero-shot relevance rankers. These methods predominantly utilize prompt learning to assess the relevance between queries and documents by generating a ranked list of potential documents. Despite their promise, the substantial costs associated with LLMs pose a significant challenge for their direct implementation in commercial search systems. To overcome this barrier and fully exploit the capabilities of LLMs for text ranking, we explore techniques to transfer the ranking expertise of LLMs to a more compact model similar to BERT, using a ranking loss to enable the deployment of less resource-intensive models. Specifically, we enhance the training of LLMs through Continued Pre-Training, taking the query as input and the clicked title and summary as output. We then proceed with supervised fine-tuning of the LLM using a rank loss, assigning the final token as a representative of the entire sentence. Given the inherent characteristics of autoregressive language models, only the final token </s> can encapsulate all preceding tokens. Additionally, we introduce a hybrid point-wise and margin MSE loss to transfer the ranking knowledge from LLMs to smaller models like BERT. This method creates a viable solution for environments with strict resource constraints. Both offline and online evaluations have confirmed the efficacy of our approach, and our model has been successfully integrated into a commercial web search engine as of February 2024.