Ryder

#2839

Rank

$4.11B

MarketCap US

US United States

Country

Summary
Ryder System, Inc. operates as a logistics and transportation company worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services. This segment also provides access to diesel fuel; offers fuel planning and tax reporting, cards, and monitoring services, and centralized billing; and sells used vehicles through its 63 retail sales centers and www.ryder.com/used-trucks website. The DTS segment offers equipment, maintenance, drivers, administrative, and additional services, as well as routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, and technology and communication systems support services. The SCS segment comprises distribution management services, such as designing and managing customer's distribution network and facilities; coordinating warehousing and transportation for inbound and outbound material flows; handling import and export for international shipments; coordinating just-in-time replenishment of component parts to manufacturing and final assembly; and offering shipments to customer distribution centers or end customer delivery points, as well as other value added services, such as light assembly of components. This segment also offers transportation management services, such as shipment optimization, load scheduling, and delivery confirmation services; knowledge-based professional services; and e-commerce and last mile services. Ryder System, Inc. was founded in 1933 and is headquartered in Miami, Florida.

History

Ryder was founded in Miami, Florida in 1933 by James Ryder as a concrete hauling company with one truck, a 1931 Model "A" Ford. In 1938, Ryder signed a five-truck lease deal with Champagne Velvet Beer, increasing Ryder's fleet to 20 trucks. By the following year, the fleet grew to more than 50 trucks. This led to Ryder changing its focus from distribution to leasing. Ryder bought Great Southern Trucking Company in 1952. In 1955 Ryder System, Inc. was formed to combine Great Southern and Ryder Truck Rental. Ryder System went public in 1955. By the 1960s and 1970s, Ryder had expanded into the distribution and supply chain markets.

James A. Ryder, founder and chairman, retired in 1978 and died in 1997.In 2008, Ryder acquired three regional competitors: Pollock NationaLease, Lily Transportation and Gator Leasing.In December 2011, the non-partisan organization Public Campaign criticized Ryder for spending $0.96 million on lobbying and not paying any taxes during

2008–2010, instead getting $46 million in tax rebates, despite making a profit of $627 million.In 2013 Robert E. Sanchez became CEO and Chairman of the company.In April 2018, Ryder acquired Ohio-based MXD Group, an e-commerce fulfillment and last mile delivery provider with a network of 109 fulfillment centers across the United States and Canada.In May 2018, Ryder introduced RyderGyde, a commercial fleet management smartphone app for drivers and fleet managers to monitor and manage their fleets. The app allows customers to view the maintenance status of their vehicles, schedule maintenance appointments and compare fuel rates in real-time.Ryder opened a new logistics center in London, Ontario, Canada in January 2018.In November 2018 Ryder ordered 1,000 electric trucks to add to their fleet, the largest deal for electric trucks to date in the US.The company partnered with Fetch robotics to further automate three warehouse locations in Miami, Dallas and Chicago.The company announced the planned opening of two multi-client facilities in Perris, California and Fort Worth, Texas, while expanding an already existing Ryder warehouse in Douglassville, Pennsylvania. The three facilities were expected to be fully operational by May 2019.In May 2020 RyderShare was introduced as a collaborative logistics platform.In May 2020 the company began to expand its e-commerce network with the opening of a new facility in Philadelphia and adding FDA approval for food-grade service to two other facilities in Perris, California and Dallas, Texas.In response to the COVID-19 pandemic of 2020, Ryder took several steps to work with customers to meet increased demand for warehousing and distribution of essential goods, and to support the flow of goods and services required to fight the pandemic.In January 2022, Ryder completed the acquisition of Whiplash for approximately $480 million in cash.


Mission
At Ryder, our mission is to provide innovative supply chain and fleet solutions that are reliable, safe and efficient, enabling our customers to deliver on their promises.

Vision
Ryder’s vision is to be the leader in total transportation and supply chain solutions, globally. We strive to be the premier provider of integrated transportation and logistics services through reliable, secure, and cost-effective solutions. Additionally, Ryder is dedicated to delivering the highest level of innovative service and maintaining the strongest relationships with our customers and employees.

Key Team

Mr. John Steven Sensing (Pres of Supply Chain Solutions & Dedicated Transportation Solutions)

Mr. Thomas M. Havens (Pres of Global Fleet Management Solutions)

Mr. Robert S. Brunn (VP of Investor Relations, Corp. Strategy & Product Strategy)

Ms. Cristina A. Gallo-Aquino (Sr. VP, Controller & Principal Accounting Officer)

Ms. Karen M. Jones (Exec. VP, Chief Marketing Officer & Head of New Product Devel.)

Mr. Rajeev Ravindran (Exec. VP & Chief Information Officer)

Mr. Sanford J. Hodes (Sr. VP,Chief Procurement Officer & Corp. Devel. Officer)


Recognition and Awards
Ryder has earned numerous awards and recognition for its leadership in the transportation and logistics industry. Most recently, Ryder has earned recognition from numerous industry and media groups, including Fleet Owner Magazine, SmartWay, Women in Trucking, Environmental Leader, the U.S. Secretary of Transportation, and Forbes magazine.

References
Ryder
Leadership team

Mr. Robert E. Sanchez (Chairman, CEO & Pres)

Mr. John J. Diez (Exec. VP & CFO)

Mr. Robert D. Fatovic (Exec. VP, Chief Legal Officer & Corp. Sec.)

Products/ Services
Fleet Management, Logistics, Supply Chain Management, Transportation
Number of Employees
20,000 - 50,000
Headquarters
Miami, Florida, United States
Established
1933
Company Registration
SEC CIK number: 0000085961
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
R
Social Media
Fri Mar 01 2024
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