Company Research Report: Ryder System, Inc.
Company Overview
Name, Mission of the Company
- Company Name: Ryder System, Inc.
- Mission: Ryder’s mission is to provide fully integrated port-to-door logistics and transportation solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, full-service leasing, maintenance, commercial truck rental, and used vehicle sales.
Founding Details
- Founded: 1933
- Founder: Jim Ryder
Key People
- Chairman of the Board & CEO: Robert E. Sanchez
- Executive Vice President & CFO: John J. Diez
- President, Fleet Management Solutions: Tom Havens
- President, Supply Chain Solutions & Dedicated Transportation Solutions: J. Steven Sensing
- Executive Vice President, Chief Legal Officer & Corporate Secretary: Robert D. Fatovic
- Executive Vice President, Chief Marketing Officer & Head of New Product Development: Karen Jones
- Executive Vice President & Chief Human Resources Officer: Frank Lopez
Headquarters
- Headquarters: Miami, Florida, USA
Number of Employees
- Employees: No information is available
Revenue
- Revenue: No information is available
Known For
- Ryder is renowned for its comprehensive supply chain, dedicated transportation, and fleet management solutions.
Products
Product Offerings
- Supply Chain Management
- Description: Optimize supply chain from end to end, including warehousing and distribution, transportation, and e-commerce fulfillment.
- Key Features:
- Proprietary technology platforms for visibility
- Managed transportation services
- Dedicated and multiclient warehouses
- Fleet Management
- Description: Provide lower total cost of ownership with flexible leasing and maintenance.
- Key Features:
- Fleet leasing
- Preventive maintenance
- Full service leasing options
- Last Mile Delivery
- Description: Specialized delivery solutions including white glove delivery.
- Key Features:
- Flexible service levels
- Value-added services
- Network visibility
- E-commerce Fulfillment
- Description: Customized and scalable solutions for inventory management, order fulfillment, shipping, and returns.
- Key Features:
- Proprietary RyderShip™ technology
- Inventory management
- Real-time control and flexibility
- Used Vehicle Sales
- Description: Offer a large inventory of reliable used commercial trucks and trailers.
- Key Features:
- Certified pre-owned vehicles
- Various financing options
- Detailed maintenance history
Recent Developments
Recent Developments
- Technology Innovations:
- Ryder and Terminal Digitize Yard:
- Development: Ryder partnered with Terminal to digitize warehouse yard operations using AI-powered computer-vision technology.
- Impact: Achieved 99% accuracy in capturing license plates and DOT numbers.
- Acquisitions:
- Cardinal Logistics:
- Details: Strengthens Ryder’s position as a leading customized dedicated contract carrier in North America.
- Impact Fulfillment Services (IFS):
- Details: Added contract packaging and manufacturing capabilities to Ryder’s portfolio.
- Nearshoring Facilities:
- New Multiclient Logistics Facilities:
- Locations: El Paso and Laredo, Texas
- Purpose: Support increasing nearshoring activities.
New Features & Services Launched
- RyderShare™ and Baton:
- Details: Innovative technologies to enhance visibility and agility in supply chain and transportation networks.
- Proprietary Technology Platforms:
- Details: RyderShip™, RyderView™, RyderConnect™, for enhanced supply chain management and visibility.
Conclusion
Ryder System, Inc. is characterized by its comprehensive logistics capabilities, commitment to innovation, and significant recent developments, including strategic acquisitions and advancements in technology to optimize yard and supply chain operations.
No information is available for more specific revenue and employee details.
