Ryder System, Inc. , or Ryder , is a provider of American supply chain transport and product management, and is particularly known for its rental truck fleet. Ryder specializes in fleet management, supply chain management, and specialized contracted trains. Ryder operates in North America, the UK and Asia. It has its headquarters in the suburbs of Miami, Florida in Miami-Dade County.
Video Ryder
Histori
Ryder was founded in Miami, Florida in 1933 by James Ryder as a concrete carrier with a truck, 1931 Model "A" Ford. Within a few years, the business expanded to rent trucks to other companies. This causes Ryder to change his focus from distribution to lease. In 1939, Ryder's truck fleet increased to 50. Ryder bought the Great South Trucking Company in 1952. In 1955, Ryder System, Inc. formed to incorporate Great Southern and Ryder Truck Rental. Ryder System went public in 1955. In the 1960s and 1970s, Ryder has expanded its distribution and supply network.
James A. Ryder, founder and chairman, retired in 1978.
In 2008, Ryder acquired three regional competitors: Pollock, Lily Transportation, and Gator Leasing.
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Business
Ryder divides his business into three segments: Fleet Management Solutions, Supply Chain Solutions, and Special Contract Transportation. In 2017, the company's total revenue was $ 7.3 billion, with earnings before income tax of $ 313.79 million.
Fleet management
Ryder's fleet management business is the largest business segment, accounting for 71% of its revenue totaling $ 4.4 billion. The profit of $ 398 million is 86% of the total. This business arm carries out full-service leasing, contract maintenance, commercial leasing, and contract-based fleet support services. With full service leasing, Ryder owns and maintains trucks and customers decides where they are going. In contract maintenance, Ryder only takes care of the truck. Commercial rentals are white Ryder trucks that can be rented by contract customers for a while. Ryder increased its North American rental fleet to nearly 30,000 vehicles in 2010 and 2011, increasing the percentage of 2010 models or new vehicles in the fleet by more than 40 percent. Support services consist of insurance, vehicle permits, and fuel.
In April 2011 Ryder bought a B.I.T. Leasing, from Hayward, California. Also in 2011 the company obtained full business leasing and rental services from Carmenita Leasing, Inc., located in Santa Fe Springs, California, and full service lease, contract maintenance, commercial leasing and special contract carriage business, The Scully Companies, Inc.. , based in Fontana, California.
Supply chain
Ryder's supply chain operations accounted for 26% of revenues for a total of $ 1.6 billion. The $ 42 million profit is 9% of the total. This business consists of customer supply chain management. Ryder manages over 15,000,000 square feet (1,393,546 m 2 ) from the warehouse room on December 31, 2008.
In December 2010, Ryder purchased TLC, a provider of supply chain services based in Holland, Michigan.
Special Contract Transport
Ryder Dedicated Contract Carriage accounts for 8% of its revenue totaling $ 0.5 billion. The profit of $ 49 million is 10% of the total. This business arm does leasing and supply chain management. In 2013, Ryder launched a new name and identity for a program called Ryder Dedicated.
Rent truck
Ryder launched a consumer truck rental operation in 1968 with 1,000 trucks and vans. This is a yellow truck known as "one-way" and is publicly available for rent from refueling stations and other automotive service locations. In June 1998, Ryder decided to focus on leasing and leasing commercial trucks, and out of the "one-way" business arena; which are sold to Budget Truck Rental. The white Ryder truck seen on the highway is currently available to the general public who wants to move locally (returning the truck to the original shipping location), business, and companies that have contractual agreements with Ryder.
Ryder will launch an electric truck rental in California, Chicago, and Illinois. The trucks will be equipped with a 70kWh battery, which has an estimated range of 100 miles, just below the smallest battery in the Tesla S. model.
Headquarters
Ryder's headquarters is located in an unincorporated area in northwest Miami-Dade County, Florida, near Miami Dade-County, the boundary line of Broward County.
Previously Ryder has its headquarters in Doral, Florida. In 2002, after taking a year-long study of 22 potential headquarters locations in South Florida, Ryder announced that it would move its headquarters to another location in northwest Miami-Dade County. Travel time of about 200 employees living in Broward County declined. Before the announcement of the last headquarters, Ryder considered several locations in Miramar in Broward County. In 2005, Shoma Development Corp began destroying Ryder's former headquarters in Doral, replacing it with Park Square on Doral's development.
Ryder also has a Joint Service Center in Alpharetta, GA that employs over 500 people and provides support for all FMS Operations.
Location
Headquartered in Miami, Ryder has satellite locations in 48 US states and also in Mexico, Canada, Singapore, China and the UK.
Criticism
In December 2011, the Public Campaign of non-partisan organizations criticized Ryder for spending $ 0.96 million on lobbying and not paying any taxes during 2008-2010, instead of earning $ 46 million in tax breaks, despite making a profit of $ 627 million.
References
- Notes
- References
External links
- Official website
Source of the article : Wikipedia
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