Ryder
.svg) |
|
| Public | |
| Traded as | : R DJTA component S&P 500 Component |
| Industry | Transportation |
| Founded | 1933 in Miami, United States |
| Founder | James Ryder |
| Headquarters | Miami, Florida |
|
Key people
|
Robert Sanchez (CEO) Art Garcia (CFO) |
| Services |
Fleet management Supply chain management Dedicated carrier Cargo truck rental |
| Revenue |
 US$6.57 billion (2015) |
 US$491.68 million (2015) |
|
|
US$304.76 million (2015) |
|
| Total assets |
US$10.96 billion (2015) |
| Total equity |
US$1.98 billion (2015) |
|
Number of employees
|
33,100 (2015) |
| Website | ryder |
|
Footnotes / references |
|
Ryder System, Inc., or Ryder, is an American-based 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.
Ryder was founded in Miami, Florida in 1933 by James Ryder as a concrete hauling company with one truck, a 1931 Model "A" Ford. Within a few years, the business expanded to leasing trucks to other companies. This led to Ryder changing its focus from distribution to leasing. By 1939, Ryder's truck fleet had increased to 50. 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.
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 2008, the total company revenue was $6.2 billion, earnings before income taxes of $459 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.
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