Ryder

Ryder was founded in Miami, Florida, in 1933 by James Ryder as a concrete hauling company with one truck, a 1931 Model "A" Ford.{{cite web|url=http://www.ryder.com/aboutus_cinfo_history.shtml|title=Ryder History|publisher=Ryder System, Inc.|access-date=August 7, 2008|archive-url=https://web.archive.org/web/20061229101417/http://www.ryder.com/aboutus_cinfo_history.shtml|archive-date=December 29, 2006|url-status=live}} In 1938, Ryder signed a five-truck lease deal with Champagne Velvet Beer, increasing Ryder's fleet to 20 trucks.{{Cite web |url=https://ryder.com/about-us/history |title=History of Ryder's Trucking and Logistics |access-date=2018-07-16 |archive-url=https://web.archive.org/web/20180716170112/https://ryder.com/about-us/history |archive-date=2018-07-16 |url-status=live }} By the following year, the fleet had 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.{{cite web|url=http://www.fundinguniverse.com/company-histories/Ryder-System-Inc-Company-History.html|title=Ryder System, Inc. Company History|publisher=Funding Universe|access-date=May 7, 2011|archive-url=https://web.archive.org/web/20120123202359/http://www.fundinguniverse.com/company-histories/Ryder-System-Inc-Company-History.html|archive-date=January 23, 2012|url-status=live}} In the 1960s and 1970s, Ryder expanded into distribution and supply chain. James Ryder retired in 1978.

A Ryder truck was used in the Oklahoma City Bombing on April 19, 1995. {{cite news |last1=Serrano |first1=Richard |title=Agent Identifies McVeigh as Man Who Rented Truck |url=https://www.latimes.com/archives/la-xpm-1997-05-10-mn-57389-story.html |access-date=26 August 2024 |agency=Los Angeles Times}}

In 1996, Ryder decided to focus on commercial truck rental and leasing, and exited the "one-way" consumer truck rental business; which was purchased by equity firm Questor Partners Fund LP, who later sold it to Budget Truck Rental in June 1998.{{Cite web|url=http://business.highbeam.com/industry-reports/personal/truck-rental-leasing-without-drivers|archive-url=https://web.archive.org/web/20101028054346/http://business.highbeam.com/industry-reports/personal/truck-rental-leasing-without-drivers|url-status=dead|archive-date=2010-10-28|title=Truck Rental and Leasing Without Drivers market report |website=highbeam.com|access-date=2017-10-11}}{{Cite web|title=Budget To Acquire Ryder Deal Would Create No. 2 U.S. Truck, Car Rental Firm |url=https://www.spokesman.com/stories/1998/mar/05/budget-to-acquire-ryder-deal-would-create-no-2-us/|access-date=2020-09-20|website=www.spokesman.com}}

In December 2011, the non-partisan organization Public Campaign criticized Ryder for spending $960,000 on lobbying and not paying any taxes during 2008 to 2010, instead getting $46 million in tax rebates, despite making a profit of $627 million.{{cite web|last=Portero|first=Ashley|title=30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008–2010|url=http://www.ibtimes.com/articles/264481/20111209/30-major-u-s-corporations-paid-lobby.htm|work=International Business Times|access-date=December 26, 2011|archive-url=https://web.archive.org/web/20120107173713/http://www.ibtimes.com/articles/264481/20111209/30-major-u-s-corporations-paid-lobby.htm|url-status=live|archive-date=January 7, 2012}}

In 2017 Ryder launched electric truck rentals in California, and Chicago, Illinois.{{Cite web |date=2017-11-03 |title=Ryder Adds Electric Trucks for Sale, Lease or Rent |url=https://www.ttnews.com/articles/ryder-adds-electric-trucks-rent-or-lease |access-date=2025-01-15 |website=Transport Topics |language=en}} The trucks were equipped with 70 kWh batteries, which had an estimated range of 100 miles.{{Cite news|url=https://www.theverge.com/2017/11/3/16598208/ryder-chanje-electric-van-rentals-new-york-california|title=Ryder will start renting electric vans in New York, California, and Illinois|work=The Verge|access-date=2017-11-03|archive-url=https://web.archive.org/web/20171103181830/https://www.theverge.com/2017/11/3/16598208/ryder-chanje-electric-van-rentals-new-york-california|archive-date=2017-11-03|url-status=live}} Ryder is the exclusive maintenance provider for Workhorse's electric fleet in North America, first launched in the San Francisco Bay area in 2018.{{Cite web|date=3 May 2017|title=Ryder partners with Workhorse Group|url=https://www.fleetowner.com/resource-center/maintenance/article/21695945/ryder-partners-with-workhorse-group|access-date=2020-08-12|website=www.fleetowner.com}}{{Cite web|last=Kane|first=Mark|date=30 March 2018|title=Workhorse N-GEN Electric Van Hits The Road|url=https://insideevs.com/news/337431/workhorse-n-gen-electric-van-hits-the-road/|access-date=2020-08-12|website=InsideEVs|language=en}}

Ryder divides its business into three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Transportation Solutions. As of December 31, 2019, the total company revenue was $8.93 billion,{{Cite web|title=Ryder System Revenue 2006-2020 {{!}} R|url=https://www.macrotrends.net/stocks/charts/R/ryder-system/revenue|access-date=2020-07-09|website=www.macrotrends.net}} with profits before income taxes of $42.27 million.{{Cite web|title=Ryder System, Inc.|url=https://www.dnb.com/business-directory/company-profiles.ryder_system_inc.c55be66e024056d8a1874d379146fb71.html#financials-anchor|access-date=9 July 2020|website=dun & bradstreet}} The number of full-time employees, as of December 2019 was 39,900 globally, with 38,600 in North America and 1,300 in Europe. The company employs approximately 9,500 drivers, 6,300 technicians and have approximately 25,600 hourly employees in the U.S.  About 4,300 of those are organized by labor unions.{{Cite web|date=31 December 2019|title=SEC Annual Report|url=https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_R_2019.pdf|access-date=9 July 2020|website=UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-K|page=27}}

Ryder's fleet management business is its largest business segment, accounting for 61% of the company's total revenue of $2.3 billion, or $1.4 billion for Q4 of 2019. 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 determines the destination. 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.{{Cite web|url=http://www.businesswire.com/news/home/20110215005422/en/Ryder-Expands-Refreshes-Rental-Fleet-6700-Trucks|title=Ryder Expands and Refreshes Its Rental Fleet with 6,700 New Trucks, Tractors, and Trailers|website=www.businesswire.com|date=15 February 2011 |language=en|access-date=2017-10-11|archive-url=https://web.archive.org/web/20171012044826/http://www.businesswire.com/news/home/20110215005422/en/Ryder-Expands-Refreshes-Rental-Fleet-6700-Trucks|archive-date=2017-10-12|url-status=live}} Support services consist of insurance, vehicle permits, and fuel.

In April 2011 Ryder bought B.I.T. Leasing, from Hayward, California.{{Cite news|url=http://www.truckinginfo.com/channel/aftermarket/news/story/2011/04/ryder-acquires-portfolio-of-bit-leasing.aspx|title=Ryder Acquires Portfolio of B.I.T. Leasing|access-date=2017-10-11|archive-url=https://web.archive.org/web/20171012094741/http://www.truckinginfo.com/channel/aftermarket/news/story/2011/04/ryder-acquires-portfolio-of-bit-leasing.aspx|archive-date=2017-10-12|url-status=live}} Also in 2011 it acquired the full service leasing and rental business of Carmenita Leasing, Inc., located in Santa Fe Springs, California,{{Cite web |url=http://www.ryder.com/aboutus_cinfo_history.shtml |title=About Ryder |access-date=2008-08-07 |archive-url=https://web.archive.org/web/20061229101417/http://www.ryder.com/aboutus_cinfo_history.shtml |archive-date=2006-12-29 |url-status=live }} and the full service lease, contract maintenance, commercial rental and dedicated contract carriage business, The Scully Companies, Inc., based in Fontana, California.{{Cite web|url=http://www.logisticsmgmt.com/article/ryder_completes_acquisition_of_the_scully_companies_inc/|title=Ryder completes acquisition of The Scully Companies Inc.|website=www.logisticsmgmt.com|access-date=2017-10-11|archive-url=https://web.archive.org/web/20160421170710/http://www.logisticsmgmt.com/article/ryder_completes_acquisition_of_the_scully_companies_inc|archive-date=2016-04-21|url-status=live}}

Launched in April 2018,{{Cite web|date=2018-04-02|title=Ryder launches Airbnb-like sharing platform for truck equipment|url=https://www.freightwaves.com/news/equipment/ryder-launches-asset-sharing-platform|access-date=2020-07-09|website=FreightWaves|language=en-US}} the company operates a peer-to-peer truck-sharing platform, COOP, that allows owners of commercial vehicles to rent unused trucks and trailers to businesses. The program expanded to Florida in January 2019{{Cite web|last=Huff|first=Aaron|date=24 January 2019|title=Ryder expands truck sharing platform to Florida|url=https://www.ccjdigital.com/ryder-expands-truck-sharing-platform-to-florida/|access-date=2020-07-09|website=www.ccjdigital.com}} and further expanded in Texas in February 2020.{{Cite web|date=2020-02-03|title=Ryder Expands Truck-Sharing Program COOP|url=https://www.ttnews.com/articles/ryder-expands-its-truck-sharing-program|access-date=2020-07-09|website=Transport Topics|language=en}} COOP by Ryder expanded fleet management services and bulk rentals nationwide in 2022.{{Cite web|date=2022-02-22|title=Ryder Expands COOP Vehicle Sharing Platform Across US|url=https://www.pymnts.com/transportation/2022/ryder-expands-coop-vehicle-sharing-platform-across-us/|website=Pymnts|language=en-US}}

As of December 31, 2019, Ryder owned or leased 213,800 vehicles. As of January 2020, they were the largest truck supplier in the US.{{Cite web|last=Wile|first=Rob|date=31 January 2020|title=By land, sea and air, Super Bowl-bound snowbirds are landing — and spending|url=https://www.miamiherald.com/article239716963.html|access-date=9 July 2020|website=Miami Herald}}

Ryder's supply chain operations accounted for 28% of its revenue for a total of $649 million for Q4 2019.{{Cite web|title=Ryder Reports Record Revenue of $8.9 Billion in 2019, Up 6.1%; Earnings Include Previously Announced Residual Value Change Impact|url=https://investors.ryder.com/investors/news-and-events/news-releases/press-release-details/2020/Ryder-Reports-Record-Revenue-of-89-Billion-in-2019-Up-61-Earnings-Include-Previously-Announced-Residual-Value-Change-Impact/default.aspx|access-date=2020-07-14|website=investors.ryder.com|language=en-US}} This business consists of management of a customer's supply chain. Ryder managed over 50 million square feet (4,645,152 m²) of warehouse space on December 31, 2019.

In December 2010 Ryder bought TLC, a supply chain services company based in Holland, Michigan.{{Cite news|url=http://www.mlive.com/business/west-michigan/index.ssf/2010/12/ryder_acquires_big_holland-bas.html|title=Ryder acquires big Holland-based warehouser with 2,500 employees nationwide|work=MLive.com|access-date=2017-10-11|language=en-US|archive-url=https://web.archive.org/web/20171012044425/http://www.mlive.com/business/west-michigan/index.ssf/2010/12/ryder_acquires_big_holland-bas.html|archive-date=2017-10-12|url-status=live}}

Ryder Dedicated Transportation Solutions accounted for 15% of its revenue for a total of $346 million for Q4 2019. 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.{{Cite web|title=Ryder Relaunches Dedicated Transportation Solution|url=https://investors.ryder.com/investors/news-and-events/news-releases/press-release-details/2013/Ryder-Relaunches-Dedicated-Transportation-Solution/default.aspx|access-date=2020-07-14|website=investors.ryder.com|language=en-US}} The company expanded its Last Mile Delivery service for bulky and large goods to 11 markets in North America.{{Cite web|title=Ryder rolls out last-mile expansion plans|url=https://www.logisticsmgmt.com/article/ryder_rolls_out_last_mile_expansion_plans|access-date=2020-07-14|website=www.logisticsmgmt.com}} In February 2019 Ryder launched a program for e-commerce that allows manufacturers to ship directly to consumers instead of using third-party shipping for small to large products.{{Cite web|title=Ryder announces e-commerce fulfillment solution|url=https://www.supplychaindive.com/news/ryder-e-commerce-fulfillment/548356/|access-date=2020-07-14|website=Supply Chain Dive|language=en-US}} In May 2020 the company added food-grade capabilities to its e-commerce service.{{Cite web|date=2020-05-20|title=Ryder Expands E-Commerce Fulfillment Network with Food-Grade Capabilities and Additional Locations as Consumer Trends Evolve|url=https://www.businesswire.com/news/home/20200520005167/en/Ryder-Expands-E-Commerce-Fulfillment-Network-Food-Grade-Capabilities|access-date=2020-07-14|website=www.businesswire.com|language=en}}

In March 2025, Ryder signed a deal to sponsor NASCAR Craftsman Truck Series team Reaume Brothers Racing's No. 33 truck driven by Frankie Muniz.{{Cite web |last=Christie |first=Toby |date=2025-03-19 |title=Frankie Muniz, Reaume Brothers Land Ryder Sponsorship |url=https://tobychristie.com/nascar/truck-series/frankie-muniz-reaume-brothers-land-ryder-sponsorship/ |access-date=2025-03-19 |website=TobyChristie.com |language=en-US}}

In 2008, Ryder acquired three regional competitors: Pollock NationaLease, Lily Transportation and Gator Leasing.{{Cite web |last=Writer |first=Sarah Talalay Staff |title=Ryder buys trucking firm Gator Leasing |url=https://www.sun-sentinel.com/news/fl-xpm-2008-04-15-0804140437-story.html |access-date=2020-07-28 |website=Sun-Sentinel.com |language=en-US}}

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.{{Cite web |date=2018-04-03 |title=Ryder Acquires Last-Mile Delivery Carrier MXD Group |url=https://www.ttnews.com/articles/ryder-acquires-last-mile-delivery-carrier-mxd-group |access-date=2020-07-28 |website=Transport Topics |language=en}} In May of that year, Ryder introduced RyderGyde™, a smartphone app for drivers and fleet managers to monitor and manage their fleets.

{{Cite web |date=2018-05-23 |title=Ryder Introduces New Commercial Management Fleet App |url=https://www.ttnews.com/articles/ryder-introduces-new-commercial-management-fleet-app |access-date=2020-07-28 |website=Transport Topics |language=en}} In November 2018, the company ordered 1,000 electric trucks to add to their fleet.{{Cite web |last=Louis |first=Billy Jean |date=20 November 2018 |title=Ryder places order for 1,000 electric trucks |url=https://www.bizjournals.com/southflorida/news/2018/11/20/ryder-places-order-for-1000-electric-trucks.html |access-date=2020-07-28 |website=www.bizjournals.com}} In May 2020 RyderShare was introduced as a collaborative logistics platform.{{Cite news |last=Smith |first=Jennifer |date=2020-05-27 |title=Companies Lean on Freight Technology to Untangle Scrambled Supply Chains |url=https://www.wsj.com/articles/companies-lean-on-freight-technology-to-untangle-scrambled-supply-chains-11590573600 |access-date=2020-08-04 |work=Wall Street Journal |language=en-US |issn=0099-9660}}

In January 2020 Ryder began a partnership with In-Charge Energy, Inc. and ABB, a provider of industrial automation and technology to provide electric vehicle charging to Ryder's customers.{{Cite web |last=Adler |first=Alan |date=2020-01-02 |title=Ryder partners to build up electric vehicle infrastructure |url=https://www.freightwaves.com/news/ryder-partners-to-build-up-electric-vehicle-infrastructure |access-date=2020-08-12 |website=FreightWaves |language=en-US}} In June 2020 Ryder began a partnership with Turvo, a provider of collaborative logistics software{{Cite web |date=4 June 2020 |title=Turvo Partners with Ryder for Real-Time Visibility and Collaboration |url=https://www.dcvelocity.com/articles/46209-turvo-partners-with-ryder-for-real-time-visibility-and-collaboration |access-date=2020-08-12 |website=www.dcvelocity.com |language=en}}

In January 2022, Ryder completed the acquisition of Whiplash (formerly Port Logistics Group) for approximately $480 million in cash.{{Cite web |title=Ryder spends $480 million to expand e-commerce fulfillment abilities {{!}} DC Velocity |url=https://www.dcvelocity.com/articles/53234-ryder-spends-480-million-to-expand-e-commerce-fulfillment-abilities |access-date=2024-08-30 |website=www.dcvelocity.com |language=en}}

In October 2023, Ryder acquired Impact Fulfillment Services to add contract packaging and manufacturing capabilities.{{Cite web |date=2023-10-23 |title=Ryder acquires Impact Fulfillment Services |url=https://www.ccjdigital.com/business/mergers-acquisitions/article/15636980/ryder-acquires-impact-fulfillment-services |access-date=2024-02-22 |website=Commercial Carrier Journal |language=en-us}}{{Cite web |last=Adler |first=Alan |date=2023-10-23 |title=Ryder acquires IFS to boost supply chain business |url=https://www.freightwaves.com/news/ryder-acquires-ifs-to-boost-supply-chain-business |access-date=2024-02-22 |website=FreightWaves |language=en-US}}

In February 2024, Ryder acquired Cardinal Logistics, a North Carolina–based company.{{Cite web |date=2024-02-01 |title=Ryder acquires Cardinal Logistics |url=https://www.ccjdigital.com/business/mergers-acquisitions/article/15663296/ryder-acquires-cardinal-logistics |access-date=2024-02-22 |website=Commercial Carrier Journal |language=en-us}}{{Cite web |last=Kingston |first=John |date=2024-02-01 |title=Ryder buys Cardinal Logistics, significantly growing its dedicated business |url=https://www.freightwaves.com/news/ryder-buys-cardinal-logistics-which-dwarfs-its-current-dedicated-business |access-date=2024-02-22 |website=FreightWaves |language=en-US}}

Previously Ryder had its headquarters in Doral, Florida."[https://web.archive.org/web/20000229195131/http://www.ryder.com/in_touch.shtml Contact Ryder]." Ryder. February 29, 2000. Retrieved on January 9, 2010. As of December 31, 2019, Ryder had 524 locations in 50 US States and Puerto Rico. This includes a Shared Services Center in Alpharetta, Georgia,{{Cite web|title=Ryder+Shared+Services+Center in Alpharetta, Georgia {{!}} Business Profile {{!}} Infofree.com|url=http://profile.infofree.com/biz/GA/Alpharetta/Ryder+Shared+Services+Center/11132553609894|access-date=2020-07-20|website=Infofree}} that employs over 500 people and provides support to all FMS operations. Ryder opened a new logistics center in London, Ontario, Canada, in January 2018.{{Cite web|date=2018-01-03|title=Ryder opens new logistics center in Ontario|url=https://www.trucknews.com/transportation/ryder-opens-new-logistics-center-ontario/1003082648/|access-date=2020-07-28|website=Truck News|language=en-US}} 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.{{Cite web|date=12 February 2019|title=Ryder opens new facilities for latest e-commerce offering|url=https://www.ccjdigital.com/ryder-opens-new-facilities-for-latest-e-commerce-offering/|access-date=2020-07-28|website=www.ccjdigital.com}} 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.{{Cite web|title=Ryder rolls out increased last mile and food-grade capabilities|url=https://www.logisticsmgmt.com/article/ryder_rolls_out_increased_last_mile_and_food_grade_capabilities|access-date=2020-08-04|website=www.logisticsmgmt.com}}

{{reflist|2}}

• Saunders, Harris. Top Up or Down? The Origin and Development of the Automobile and Truck Renting and Leasing Industry—56 Years, 1916–1972. Birmingham, AL: Harris Saunders, 1972.

{{commons category|Ryder Truck}}

• {{Official website|https://www.ryder.com}}

{{Finance links

| name = Ryder System, Inc.

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