Ryder

Ryder System, Inc. is an American transportation company, specializing in truck rental and leasing, fleet management, supply chain management, and transportation management. It also offers full-service leasing, rental and maintenance, used vehicle sales, transportation management, professional drivers, e-commerce fulfillment, and last-mile delivery services.[6] The company is headquartered in Coral Gables, Florida, and operates in the United States and United Kingdom.

History

Ryder was founded in Miami, Florida, in 1933 by James Ryder as a concrete hauling company with one truck, a 1931 Model "A" Ford.[7] In 1938, Ryder signed a five-truck lease deal with Champagne Velvet Beer, increasing Ryder's fleet to 20 trucks.[8] 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.[9]

Business

Ryder divides its business into three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Transportation Solutions. As of December 31, 2024, the total company revenue was $12.64 billion,[20] with profits before income taxes of $661 million.[21] The number of full-time employees, as of December 2024 was 50,700 globally, all of them in North America. The company employs approximately 13,400 drivers, 5,000 technicians and have approximately 34,0000 hourly employees in the U.S. About 3,800 of those are organized by labor unions.[22]

Fleet management

Ryder's fleet management business is its largest business segment. 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.[23] Support services consist of insurance, vehicle permits, and fuel.[22]

In April 2011 Ryder bought B.I.T. Leasing, from Hayward, California.[24] Also in 2011 it acquired the full service leasing and rental business of Carmenita Leasing, Inc., located in Santa Fe Springs, California,[25] and the full service lease, contract maintenance, commercial rental and dedicated contract carriage business, The Scully Companies, Inc., based in Fontana, California.[26]

Launched in April 2018,[27] 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[28] and further expanded in Texas in February 2020.[29] COOP by Ryder expanded fleet management services and bulk rentals nationwide in 2022.[30]

As of December 31, 2019, Ryder owned or leased 213,800 vehicles.[22] As of January 2020, they were the largest truck supplier in the US.[31]

Supply chain

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.[22]

In December 2010 Ryder bought TLC, a supply chain services company based in Holland, Michigan.[32]

Dedicated Transportation Solutions

Ryder Dedicated Transportation Solutions accounted for 15% of its revenue for a total of $346 million for Q4 2019.[33] 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.[34] The company expanded its Last Mile Delivery service for bulky and large goods to 11 markets in North America.[35] 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.[36] In May 2020 the company added food-grade capabilities to its e-commerce service.[37]

Sponsorships

Motorsports

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.[38]

Motorsports

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.[38]

type	Public
traded as	nyse: R DJTA component S&P 400 component
industry	Transportation
founded	1933 in Miami, Florida, U.S.
founder	James Ryder
hq location	Coral Gables, Florida, U.S.
key people	John Diez (president & CEO)‡R1R‡ Cristina Gallo-Aquino (EVP)‡R2R‡
services	Fleet management Supply chain management Dedicated carrier Cargo truck rental
revenue	US$8.925 billion (2019)
operating income	US$341.15 million (2019)
net income	US$24.41 million (2019)
assets	US$1.562 billion (2019)
equity	US$2.476 billion (2019)
num employees	39,900‡R3R‡
num employees year	2019
website	ryder.com
footnotes	‡R4R‡‡R5R‡

History

Business

Fleet management

Supply chain

Dedicated Transportation Solutions

Sponsorships

Motorsports

Motorsports

Acquisitions and partnerships

Locations

Further reading

External links

References