Ryder System, Inc.
New York Stock ExchangeRecent
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ROIC.AI
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- Ryder System, Inc. is a global transportation and logistics company specializing in fleet management solutions, supply chain solutions, and dedicated transportation solutions. The company's core products and services include full-service leasing, commercial rental and maintenance of vehicles, used vehicle sales, transportation management, professional driver services, e-commerce fulfillment, and last-mile delivery. Ryder operates extensive fleet management services, including leasing and rental of trucks and trailers, as well as integrated supply chain logistics and omnichannel retail fulfillment. The company serves diverse industries across North America and the United Kingdom and targets commercial customers requiring transportation, logistics, and supply chain optimization. Founded in 1933 and headquartered in Miami, Florida, Ryder employs approximately 50,700 individuals globally, including technicians, drivers, and logistics professionals. Recent major changes include Ryder's acquisition of Pit Stop Fleet Service in mid-2024, which expanded Ryder’s Torque by Ryder™ retail mobile maintenance business into 140 markets across 20 U.S. states, enhancing its commercial fleet maintenance offerings. This acquisition is expected to generate significant incremental revenue and operational synergies. Additionally, Ryder completed the acquisition of Cardinal Logistics in early 2024, reinforcing its dedicated transportation business and expanding its customer base. Ryder has continued to invest in technology and operational improvements, including the launch of RyderGyde™, a driver and fleet management app, and a collaborative logistics platform, RyderShare. The company also ordered 1,000 electric trucks in 2018 as part of its fleet modernization efforts. In 2024 and into 2025, Ryder demonstrated strong financial performance, driven by growth across its contractual lease, supply chain, and dedicated transportation segments, alongside strategic network expansions such as a new truck rental and maintenance facility in Tennessee. Ryder’s focus remains on enhancing its integrated logistics and transportation solutions through technology and service innovation while expanding its geographic footprint and market reach in the U.S. and abroad. Ryder System, Inc. operates primarily through three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Transportation Solutions, catering to commercial clients with complex transportation and logistics demands. The company manages over 210,000 vehicles and provides services such as fleet leasing, vehicle maintenance, supply chain optimization, last-mile delivery, and e-commerce fulfillment from a network of fulfillment centers in the U.S. and Canada. Ryder's strategic initiatives underscore its commitment to evolving with industry trends and maintaining leadership in transportation logistics by leveraging acquisitions, technology integration, and geographic expansion to enhance customer service and operational efficiency. This comprehensive approach positions Ryder System, Inc. as a leading provider of end-to-end transportation and supply chain solutions, delivering value to a broad spectrum of commercial clients across North America and key international markets, with a continuing emphasis on operational excellence and innovation. Sources
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