With the acquisition, Ryder seeks to deliver capacity in last-mile logistics demanded by shippers, as customer fulfillment expectations rise in the e-commerce era.
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Ryder System
Ryder System, Inc. is a provider of commercial transportation, logistics, and supply chain management solutions, serving customers throughout North America, Europe and Asia. Founded in 1933 with headquarters in Miami, Florida, the company reported 2013 revenue of $6.3 billion, up 3 percent year-over-year. The company also recorded a net income of $238 million, up 13 percent from the previous year’s net income of $210 million.
Ryder System and its key segments — Ryder Fleet Management Solutions, Ryder Supply Chain Solutions, and Ryder dedicated — employ 28,900 individuals worldwide and operate a fleet of nearly 30,000 vehicles, one of the largest in the industry. Ryder offers integrated solutions in warehousing and distribution, transportation leasing and management, and dedicated and brokerage services.
Ryder System reported its profit in the fourth quarter jumped 20 percent from $53.8 million in 2012 to $64.6 million in 2013, ending the year on an upswing after profit fell in the previous quarter.
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Press Releases
02 Nov 2017
As the Dec. 18 ELD mandate draws closer, Ryder System said it will equip all of its rental trucks with portable ELDs, helping short-term truck renters comply with the law.
24 Aug 2017
Electronic logging devices will raise costs and complexity of renting trucks for seasonal business. Companies such as Ryder System want an ELD exemption for rental drivers.
23 Aug 2017
Ryder System and Chanje see opportunity for electric commercial vehicles in rapid growth of "final-mile" delivery business.
09 Jun 2017
As e-commerce reshapes fulfillment and transportation, the effects are evident among logistics companies that make the Fortune 500 list of largest US companies.
21 Mar 2017
Shippers spent more on dedicated trucking and last-mile deliveries last year, benefiting top tier carriers. Will industrial and consumer freight follow in 2017?
03 Mar 2017
Dedicated trucking prevents deeper revenue decline at the Top 25 Truckload Carriers.
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