Ryder
Encyclopedia
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.
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.
In 2008, Ryder acquired three regional competitors: Pollock, Lily Transportation and Gator Leasing.
James A. Ryder, founder and chairman, retired in 1978.
In April 2011 Ryder bought B.I.T. Leasing, from Hayward California.. Also in 2011 it acquired the full service leasing and rental business of Carmenita Leasing, Inc., located in Santa Fe Springs, California, and the full service lease, contract maintenance, commercial rental and dedicated contract carriage business, The Scully Companies, Inc., based in Fontana, California.
space on December 31, 2008.
In December 2010 Ryder bought TLC, a supply chain services company based in Holland, Michigan
. The white Ryder trucks seen on highways today are available to the general public looking to move locally (returning the truck to the original pick-up location), businesses, and companies that have a contractual agreement with Ryder.
in northwest Miami-Dade County, Florida
, near the Miami Dade-County, Broward County
boundary line.
Previously Ryder had its headquarters in Doral, Florida
. In 2002, after taking a year long study of 22 potential headquarters sites in South Florida, Ryder announced that it would move its headquarters to another location in northwest Miami-Dade County. The commute times of around 200 employees who reside in Broward County decreased. Before the announcement of the final headquarters site, Ryder considered some locations in Miramar
in Broward County. In 2005 Shoma Development Corp. began demolishing the former Ryder headquarters in Doral, replacing it with the Park Square at Doral development.
Supply chain management
Supply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers...
products, and is especially known for its fleet of rental trucks. Ryder specializes in fleet management
Fleet management
Fleet management is the management of a company's vehicle fleet.Fleet management includes commercial motor vehicles such as cars, vans and trucks. Fleet management can include a range of functions, such as vehicle financing, vehicle maintenance, vehicle telematics , driver management, speed...
, 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
Miami, Florida
Miami is a city located on the Atlantic coast in southeastern Florida and the county seat of Miami-Dade County, the most populous county in Florida and the eighth-most populous county in the United States with a population of 2,500,625...
within Miami-Dade County.
History
Ryder was founded in Miami, FloridaMiami, Florida
Miami is a city located on the Atlantic coast in southeastern Florida and the county seat of Miami-Dade County, the most populous county in Florida and the eighth-most populous county in the United States with a population of 2,500,625...
in 1933 by James Ryder as a concrete
Concrete
Concrete is a composite construction material, composed of cement and other cementitious materials such as fly ash and slag cement, aggregate , water and chemical admixtures.The word concrete comes from the Latin word...
hauling company with one truck, a 1931 Model "A" Ford. Within a few years, the business expanded to leasing
Lease
A lease is a contractual arrangement calling for the lessee to pay the lessor for use of an asset. A rental agreement is a lease in which the asset is tangible property...
trucks to other companies. This led to Ryder changing its focus from distribution
Distribution (business)
Product distribution is one of the four elements of the marketing mix. An organization or set of organizations involved in the process of making a product or service available for use or consumption by a consumer or business user.The other three parts of the marketing mix are product, pricing,...
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
Supply chain
A supply chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources, raw materials and components into a finished product that is delivered to...
markets.
In 2008, Ryder acquired three regional competitors: Pollock, Lily Transportation and Gator Leasing.
James A. Ryder, founder and chairman, retired in 1978.
Business
Ryder divides its business into three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Contract Carriage. In 2008 (the last year whose report is posted online) the total company revenue was $ 6.2 billion with profits (earnings before income taxes) of $ 459 million. The numbers mentioned below are before eliminations. The basic variables are who owns the trucks, maintains the trucks, pays the drivers, does the warehousing, and supervises the driving.Fleet management
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.In April 2011 Ryder bought B.I.T. Leasing, from Hayward California.. Also in 2011 it acquired the full service leasing and rental business of Carmenita Leasing, Inc., located in Santa Fe Springs, California, and the full service lease, contract maintenance, commercial rental and dedicated contract carriage business, The Scully Companies, Inc., based in Fontana, California.
Supply chain
Ryder' supply chain operations accounted for 26% of its revenue for a total of $ 1.6 billion. Profit of $ 42 million was 9% of the total. This business consists of management of a customer’s supply chain. Basically the customer owns the trucks and Ryder decides where they go, managing the warehouses and the drivers. Ryder managed over 15000000 square foot of warehouseWarehouse
A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities and towns. They usually have loading docks to load and unload...
space on December 31, 2008.
In December 2010 Ryder bought TLC, a supply chain services company based in Holland, Michigan
Dedicated Contract Carriage
Ryder' Dedicated Contract Carriage accounted for 8% of its revenue for a total of $ 0.5 billion. Profit of $ 49 million was 10% of the total. This arm of the business conducts both leasing and supply chain management.Rental trucks
Ryder launched a consumer truck-rental operation in 1968 with 1,000 trucks and vans. These were the yellow trucks known as "one-ways" and available for the public to rent from filling stations and other automotive-service locations. In June 1998, Ryder decided to focus on commercial truck rental and leasing, and exited the "one-way" business arena; which it sold to Budget Truck RentalBudget Truck Rental
Budget Truck Rental, LLC is the second largest truck rental company in the continental United States of America with around 2,800 businesses and 32,000 trucks across the country...
. The white Ryder trucks seen on highways today are available to the general public looking to move locally (returning the truck to the original pick-up location), businesses, and companies that have a contractual agreement with Ryder.
Headquarters
Ryder's headquarters are located in an unincorporated areaUnincorporated area
In law, an unincorporated area is a region of land that is not a part of any municipality.To "incorporate" in this context means to form a municipal corporation, a city, town, or village with its own government. An unincorporated community is usually not subject to or taxed by a municipal government...
in northwest Miami-Dade County, Florida
Miami-Dade County, Florida
Miami-Dade County is a county located in the southeastern part of the state of Florida. As of 2010 U.S. Census, the county had a population of 2,496,435, making it the most populous county in Florida and the eighth-most populous county in the United States...
, near the Miami Dade-County, Broward County
Broward County, Florida
-2000 Census:As of the census of 2000, there were 1,623,018 people, 654,445 households, and 411,645 families residing in the county. The population density was 1,346 people per square mile . There were 741,043 housing units at an average density of 615 per square mile...
boundary line.
Previously Ryder had its headquarters in Doral, Florida
Doral, Florida
Doral is a city located in north-central Miami-Dade County, Florida, United States. A suburb of Miami, it lies north-west of Miami International Airport. It takes its name from the famous golf and spa resort located within its municipal boundaries. The Doral Golf Resort & Spa was originally built...
. In 2002, after taking a year long study of 22 potential headquarters sites in South Florida, Ryder announced that it would move its headquarters to another location in northwest Miami-Dade County. The commute times of around 200 employees who reside in Broward County decreased. Before the announcement of the final headquarters site, Ryder considered some locations in Miramar
Miramar, Florida
Miramar is a city in Broward County, Florida, United States. The city was named after the Miramar district of Havana, Cuba. As of the 2010 census, the population was 122,041...
in Broward County. In 2005 Shoma Development Corp. began demolishing the former Ryder headquarters in Doral, replacing it with the Park Square at Doral development.
Locations
Headquartered in Miami, Ryder has satellite locations in 49 US States and also in Mexico, Canada, Singapore, China and the United Kingdom.External links
- Ryder System, Inc. official website