What is Ryder System? Ryder System Review

Business Scope

Ryder Systems provides a range of technologically advanced logistics, supply chain and transportation management services worldwide. The company's product range includes full-service leasing, commercial leasing, motor vehicle repair and integrated services. In addition, it provides comprehensive supply chain solutions, cutting-edge logistics management services and e-commerce solutions, from the supply of input raw materials to the distribution of products, dedicated to supporting customers' entire supply chain.

Ryder's customers are located in Asia, North America, Latin America, and Europe. In terms of regional business distribution, US business accounts for more than 80% of total revenue, and international business accounts for about 20%. In terms of business segments, transportation services account for 50+%, and logistics accounts for 30+%.

Basic Introduction

In the automotive industry, Ryder Systems is a global leading logistics service provider for many automobile manufacturers such as General Motors, Daimler, Toyota, Honda, Nissan, Chrysler and parts manufacturers such as Delphi, Avimer, Visteon and other companies.

In Japan, on November 2, 2000, Ryder Systems, Inc., Toyota Americas, Inc. and its Japanese parent company, Toyota Group, jointly established a joint venture called TTR Logistics.

In China, from 2000 to 2003, Ryde became the leading logistics service provider for Shanghai General Motors; Ryder provided automotive logistics consulting services to Beijing Benz Chrysler and COSCO Logistics; Ryder was also the logistics service provider for HP in Shenzhen.

Development History

In 1941, during World War II, Ryder was transporting supplies for the U.S. government.

In 1942, annual revenue exceeded $100,000.

In 1945, Ryder provided a dedicated fleet of trucks and drivers for the daily distribution of the Miami Herald, Ryder's longest-standing client.

In 1952, Ryder acquired its larger customer, the Great Great Trucking Company, and renamed its entire fleet "Big R" for nationwide use.

In 1955, Ryder System incorporated as a public company, offering 160,000 shares of common stock at $10 per share.

In 1957, Ryder expanded its truck rental and leasing operations into Canada.

In 1959, Ryder was named a leader in the transportation industry by Business Week.

In 1960, Ryder was listed on the New York Stock Exchange.

In 1971, Ryder expanded its business to the United Kingdom.

In 1978, revenues exceeded $1 billion.

In 1983, truck rental expanded to Germany.

In 1995, Ryder was named for the first time as one of the 500 largest public companies by Fortune magazine.

In 1997, a Fortune magazine survey named Ryder the most admired company in the trucking industry.

In 2000, Ryder opened its Network Transportation Management Center in Dallas/Fort Worth, Texas, to manage customers' freight through a network of more than 1,500 ground, air, rail and ocean transportation providers.

On November 14, 2000, Ryder and From2GlobalSolutions (one of the major suppliers of international logistics technology and trade intelligence for major companies around the world) announced a strategic alliance. Ryder Systems will use From2's solutions to provide specific international trade services to its customers through the Internet.

On November 20, 2000, Ryder Systems, Inc., Toyota Americas, Inc. and its Japanese parent company, Toyota Group, formed a joint venture called TTR Logistics, Inc. The new entity, equally owned by Ryder and Toyota, will focus primarily on transportation and logistics opportunities related to Toyota and other Japanese automotive companies in North America.

In 2001, Ryder launched its Asia Pacific headquarters after acquiring Ascent Logistics in Singapore.

In 2001, the company launched online tracking tools and websites, including RyderFleetProducts.com and UsedTrucks.Ryder.com.

In 2009, Ryder announced a $1 million donation to the American Red Cross for charitable partnerships across the country.

In 2003, Ryder acquired U.S.-based General Truck Leasing and RUAN Leasing and expanded its international operations to Chile.

In 2011, Ryder opened its first natural gas vehicle repair facility in Rancho Dominguez, California, and began offering heavy-duty natural gas vehicles.

In 2011, Ryder acquired three truck fleet management companies in California (Carmenita Leasing, Inc., The Scully Companies, Inc., and BIT Leasing Inc.), increasing the company's presence in the western United States.

In 2015, the company launched the industry's first female-friendly vehicle rental package, including 15 unique specifications to better meet the needs of female drivers.

In 2017, the company achieved total revenue of US$7.33 billion and profit of US$791 million.