|Traded as|| NYSE: R |
S&P 400 Component
|Founded||1933Miami, Florida, U.S.in|
|Headquarters||Miami, Florida, U.S.|
|Robert E. Sanchez|
(President & CEO)
(Executive VP & CFO)
|Services|| Fleet management |
Supply chain management
Cargo truck rental
Number of employees
Ryder System, Inc., or Ryder, is an American provider of transportation and supply chain management products, and is especially known for its fleet of rental trucks.Ryder specializes in fleet management, supply chain management, and dedicated contracted carriage. Ryder operates in North America, the United Kingdom and Asia. It has its headquarters in suburban Miami, Florida within Miami-Dade County.
Fleet management is the management of:
Miami, officially the City of Miami, is an American city that is the seat of Miami-Dade County, and is the cultural, economic and financial center of South Florida. The city covers an area of about 56 square miles (150 km2) between the Everglades to the west and Biscayne Bay to the east. Miami is the sixth most densely populated major city in the United States with an estimated 2018 population of 470,914. The Miami metropolitan area is home to 6.1 million people, the second-most populous in the southeastern United States and the seventh-largest in the nation. The city has the third tallest skyline in the U.S. with over 300 high-rises, 55 of which exceed 490 ft (149 m).
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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 grows 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.
Concrete, usually Portland cement concrete which takes 30 years to fully set, is a composite material composed of fine and coarse aggregate bonded together with a fluid cement that hardens over time—most frequently in the past a lime-based cement binder, such as lime putty, but sometimes with other hydraulic cements, such as a calcium aluminate cement or Portland cement. It is distinguished from other, non-cementitious types of concrete all binding some form of aggregate together, including asphalt concrete with a bitumen binder, which is frequently used for road surfaces, and polymer concretes that use polymers as a binder.
In business and finance, supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains.
James A. Ryder, founder and chairman, retired in 1978.
In 2008, Ryder acquired three regional competitors: Pollock, Lily Transportation and Gator Leasing.
Ryder divides its business into three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Contract Carriage. As of 2017, the total company revenue was $7.3 billion, with earnings before income taxes of $313.79 million.
Ryder's fleet management business is its largest business segment, accounting for 71% of its revenue for a total of $4.4 billion. Profit of $398 million was 86% of the total.This arm of the business does contract-based full-service leasing, contract maintenance, commercial rental and fleet support services. Under full-service leasing Ryder owns and maintains the trucks and the customer decides where they go. In contract maintenance Ryder just takes care of the trucks. Commercial rentals are the white Ryder trucks which the contract customers can rent on a temporary basis. Ryder grew its North American rental fleet to nearly 30,000 vehicles in 2010 and 2011 raising the percentage of model year 2010 or newer vehicles in the fleet to more than 40 percent. Support services consist of insurance, vehicle permits, and fuel.
In April 2011 Ryder bought B.I.T. Leasing, from Hayward, California.Also in 2011 it acquired the full service leasing and rental business of Carmenita Leasing, Inc., located in Santa Fe Springs, California, and the full service lease, contract maintenance, commercial rental and dedicated contract carriage business, The Scully Companies, Inc., based in Fontana, California.
Hayward is a city located in Alameda County, California in the East Bay subregion of the San Francisco Bay Area. With a 2014 population of 149,392, Hayward is the sixth largest city in the Bay Area and the third largest in Alameda County. Hayward was ranked as the 37th most populous municipality in California. It is included in the San Francisco–Oakland–Fremont Metropolitan Statistical Area by the US Census. It is located primarily between Castro Valley and Union City, and lies at the eastern terminus of the San Mateo–Hayward Bridge. The city was devastated early in its history by the 1868 Hayward earthquake. From the early 20th century until the beginning of the 1980s, Hayward's economy was dominated by its now defunct food canning and salt production industries.
Santa Fe Springs is a city in Los Angeles County, California, United States. It is one of the Gateway Cities of southeast Los Angeles County. The population was 16,223 at the 2010 census, down from 17,438 at the 2000 census.
Fontana is a city in San Bernardino County, California. Founded by Azariel Blanchard Miller in 1913, it remained essentially rural until World War II, when entrepreneur Henry J. Kaiser built a large steel mill in the area. It is now a regional hub of the trucking industry, with Interstate 10 and State Route 210 transecting the city from east to west, and Interstate 15 passing diagonally through its northwestern quadrant.
Ryder' supply chain operations accounted for 26% of its revenue for a total of $1.6 billion. Profit of $42 million was 9% of the total. This business consists of management of a customer's supply chain. Ryder managed over 15,000,000 square feet (1,393,546 m2) of warehouse space on December 31, 2008.
A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, towns or villages.
In December 2010 Ryder bought TLC, a supply chain services company based in Holland, Michigan.
Ryder Dedicated Contract Carriage accounted for 8% of its revenue for a total of $0.5 billion. Profit of $49 million was 10% of the total.This arm of the business conducts both leasing and supply chain management. In 2013, Ryder launched a new name and identity for this program called Ryder Dedicated.
Ryder launched a consumer truck-rental operation in 1968 with 1,000 trucks and vans. These were the yellow trucks known as "one-ways" and available for the public to rent from filling stations and other automotive-service locations. In June 1998, Ryder decided to focus on commercial truck rental and leasing, and exited the "one-way" business arena; which it sold to Budget Truck Rental.The white Ryder trucks seen on highways today are available to the general public looking to move locally (returning the truck to the original pick-up location), businesses, and companies that have a contractual agreement with Ryder.
Ryder will launch electric truck rentals in California, Chicago, and Illinois. The trucks will be equipped with 70kWh batteries, which has an estimated range of 100 miles, just under the smallest battery in a Tesla S model.
Ryder's headquarters are located in an unincorporated area in northwest Miami-Dade County, Florida, near the Miami Dade-County, Broward County boundary line.
Previously Ryder had its headquarters in Doral, Florida.In 2002, after taking a year-long study of 22 potential headquarters sites in South Florida, Ryder announced that it would move its headquarters to another location in northwest Miami-Dade County. The commute times of around 200 employees who reside in Broward County decreased. Before the announcement of the final headquarters site, Ryder considered some locations in Miramar in Broward County. In 2005 Shoma Development Corp. began demolishing the former Ryder headquarters in Doral, replacing it with the Park Square at Doral development.
Ryder also has a Shared Services Center in Alpharetta, GA that employs over 500 people and provides support to all FMS Operations.
Headquartered in Miami, Ryder has satellite locations in 48 US States and also in Mexico, Canada, Singapore, China and the United Kingdom.
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.
Broward County is a county in southeastern Florida, US. According to a 2017 census report, the county had a population of 1,951,260, making it the second-most populous county in the state of Florida and the 17th-most populous county in the United States. The county seat is Fort Lauderdale.
Doral is a city in Miami-Dade County, Florida, United States. One of thirty-four municipalities in the county, it is located just one mile (1.6 km) from Miami International Airport and 13 miles (21 km) from Downtown Miami. The city regularly hosts in excess of 100,000 people who work in Miami. The City of Doral occupies a land area of 15 square miles (39 km2) bordered on the west by the Ronald Reagan Turnpike, to the north by the Town of Medley, to the east by the Palmetto Expressway and to the South by the City of Sweetwater. Doral is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census.
United Parcel Service (UPS) is an American multinational package delivery and supply chain management company.
The Miami Herald is a daily newspaper owned by the McClatchy Company and headquartered in Doral, Florida, a city in western Miami-Dade County and the Miami metropolitan area, several miles west of downtown Miami. Founded in 1903, it is the second largest newspaper in South Florida, serving Miami-Dade, Broward, and Monroe Counties. It also circulates throughout Latin America and the Caribbean.
The Hertz Corporation, a subsidiary of Hertz Global Holdings Inc., is an American car rental company based in Estero, Florida that operates 10,200 corporate and franchisee locations internationally. As the second-largest US car rental company by sales, locations, and fleet size, Hertz operates in 150 countries, including North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East, and New Zealand. The Hertz Corporation owns Dollar and Thrifty Automotive Group—which separates into Thrifty Car Rental and Dollar Rent A Car.
Palmetto station is a Metrorail rapid transit station in unincorporated Miami-Dade County, Florida, United States, just near the town of Medley. It is the current northern terminus of the Metrorail system. This station is located near the intersection of Northwest 77th Street and 79 Avenue, opening to service May 30, 2003. It is adjacent to the Palmetto Expressway, providing convenience to west Miami-Dade and Broward commuters traveling into Downtown Miami.
Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co. Headquartered in Reading, Pennsylvania, the company was founded by Team Penske owner Roger Penske on December 1, 1969. The firm serves customers in North America, South America, Europe, Asia, and Australia; among its services are full-service commercial truck leasing, truck fleet maintenance, truck rentals, and used truck sales. The company currently employs more than 36,000 workers worldwide and operates and maintains a fleet of more than 300,000 vehicles. Brian Hard is the president and CEO of the company.
Locally known as Northwest 36th Street and Doral Boulevard, the 3.5-mile-long State Road 948 is a commercially important east–west highway in central Miami-Dade County, Florida. Its western terminus is a cloverleaf interchange with the Palmetto Expressway in Doral; its eastern terminus is an intersection with US 27 just east of LeJeune Road in the southern tip of Hialeah, just outside the city limits of Miami. Some maps incorrectly indicate a continuation of SR 948 to the east of the intersection with US 27. State Road 948 serves as a primary access for the cities of Miami Springs and Virginia Gardens and a maintenance and business access for Miami International Airport.
The Miami-Dade Police Department (MDPD), formerly known as the Metro-Dade Police Department (1981–1997), Dade County Public Safety Department (1957–1981) and the Dade County Sheriff's Office (1836–1957) is a Full Service County Police Department serving Miami-Dade County. The MDPD has approximately 4,700 employees, making it the largest police department in the southeastern United States. The Department is still often referred by its former name, the Metro-Dade Police or simply Metro. Miami-Dade Police officers are easily identified by their taupe/brown colored uniforms. Miami-Dade Police vehicles are identified by their green and white livery. MDPD officers carry silver badges, while officers with the ranks of sergeant and above carry gold badges.
Metrorail, colloquially called the Metro, is the heavy rail rapid transit system of Miami and Miami-Dade County in the U.S. state of Florida. Metrorail is operated by Miami-Dade Transit (MDT), a departmental agency of Miami-Dade County. Opened in 1984, it is Florida's only rapid transit metro system, and is currently composed of two lines of 23 stations on 24.4 miles (39.3 km) of standard gauge track. Metrorail serves the urban core of Miami, connecting the urban centers of Miami International Airport, the Civic Center, Downtown Miami, and Brickell with the northern developed neighborhoods of Hialeah and Medley to the northwest, and to suburban The Roads, Coconut Grove, Coral Gables, and South Miami, ending at urban Dadeland in Kendall. Metrorail connects to the Metromover in Downtown, which provides metro service to the entirety of Downtown and Brickell. Additionally, it connects to South Florida's commuter rail system at Tri-Rail station, as well as Metrobus routes at all stations. Together with Metromover, the system saw steady ridership growth per annum, with an average of 105,500 daily passengers in 2013 until plummeting to less than 70,000 daily passengers by 2018.
Trump National Doral Miami is a golf resort in Doral in south Florida in the United States. It was founded by real estate pioneer Alfred Kaskel in 1962, with the name "Doral" coming from an amalgamation of the first names of Kaskel and his wife, Doris. It currently has 72 holes of golf and its signature course is the Blue Monster at Doral.
Broward County Transit is the public transit authority in Broward County, Florida. It is the second-largest transit system in Florida after Miami-Dade Transit. It currently operates the only public bus system in Broward County. Besides serving Broward County, It also serves portions of Palm Beach County and Miami-Dade County, where it overlaps its service with Miami-Dade Transit and Palm Tran.
M. Anthony Burns is an American businessman and chairman emeritus of the board of directors of Ryder System, Inc., an American-based provider of transportation and supply chain management products. He currently serves as managing owner/chairman of Red Ledges Land Development, Inc. in Heber City, Utah, and as a member of the boards of directors of Pfizer Inc. and Huntsman Corporation. He is a life trustee of the University of Miami Board of Trustees.
Access America Transport was a third-party logistics provider of transportation and logistics services. The company, based in Chattanooga, Tennessee, operated nine offices and serviced customers throughout North America. Access America's services included: truckload shipping, less than truckload shipping, intermodal, specialized transportation, and supply chain management. Access America Transport was one of the fastest growing transportation and logistics service provider in North America.
Petrolsoft Corporation (1989–2000) was a supply chain management software company with a focus on the petroleum industry. Petrolsoft Corporation was founded at Stanford University in 1989 by Bill Miller and David Gamboa as Petrolsoft Software Group. It was later incorporated in 1992. Petrolsoft introduced demand-driven inventory management to the petroleum industry.
Miami-Dade County is a county in the southeastern part of the U.S. state of Florida. It is the southeasternmost county on the U.S. mainland. According to a 2018 census report, the county had a population of 2,761,581, making it the most populous county in Florida and the seventh-most populous county in the United States. It is also Florida's third largest county in terms of land area, with 1,946 square miles (5,040 km2). The county seat is Miami, the principal city in South Florida.
The Greater Miami area, composed of the three counties of Miami-Dade, Broward, and Palm Beach, also known collectively as South Florida, is home to a wide variety of public and private transportation systems. These include heavy rail mass transit (Metrorail), commuter rail (Tri-Rail), automated guideway transit (Metromover), highways, two major airports and seaports, as well as three county-wide bus networks, which cover the entire urbanized area of South Florida. Census and ridership data show that Miami has the highest public transportation usage of any city in Florida, as about 17% of Miamians use public transportation on a regular basis, compared to about 4% of commuters in the South Florida metropolitan area. The majority of public transportation in Miami is operated by Miami-Dade Transit (MDT), which is currently the largest transit system in Florida and was the 14th largest transit system in the United States in 2011.
Established in 1967, the British Vehicle Rental & Leasing Association (BVRLA) is the UK trade body for companies engaged in vehicle rental, leasing and fleet management. On behalf of 980+ member organisations, the BVRLA works with governments, public sector agencies, industry associations, consumer groups and other stakeholders across a wide range of road transport, environmental, taxation, technology and finance-related issues.
Combined Motor Holdings Limited (CMH) is a South African-based investment holding company engaged primarily in distribution and franchising; motor retailers; car hire and financial and support services sectors in South Africa.
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