Ryder System, Inc. was founded in 1933 by James Ryder as a concrete hauling company with one truck. The business expanded quickly into leasing trucks to other companies, under the name Ryder Truck Rental.
In 1952 Ryder bought Great Southern Trucking Company and in 1955 Ryder System was created to combine Great Southern Trucking Company and Ryder Truck Rental.
By the 1970’s the company had expanded into the distribution and supply chain markets.
Today Ryder System has a worldwide fleet of 195,900 vehicles ranging from light-duty trucks to tractor-trailers.
The company’s Fleet Management Solutions segment acquires, manages, maintains, and disposes of fleet vehicles for commercial customers. The Supply Chain Solutions segment provides supply chain and logistics services.
Ryder System trades publicly on the New York Stock Exchange under the ticker symbol R, is a member of the S&P 500, is #406 in the Fortune 500, has 29,000 employees, and had $8.925 billion in revenue in 2019.
In April 2023, the company added electric vehicles to its fleet lineup.
The truck rental and leasing market is a hot commodity in June 2023.
Ryder Truck Rental maintains a corporate office in Miami, Florida.
Ryder System, Inc. was founded in 1933 by James Ryder as a concrete hauling company with one truck. The business expanded quickly into leasing trucks to other companies, under the name Ryder Truck Rental.
In 1952 Ryder bought Great Southern Trucking Company and in 1955 Ryder System was created to combine Great Southern Trucking Company and Ryder Truck Rental.
History
By the 1970’s the company had expanded into the distribution and supply chain markets.
Today Ryder System has a worldwide fleet of 195,900 vehicles ranging from light-duty trucks to tractor-trailers.
The company’s Fleet Management Solutions segment acquires, manages, maintains, and disposes of fleet vehicles for commercial customers. The Supply Chain Solutions segment provides supply chain and logistics services.
Ryder System trades publicly on the New York Stock Exchange under the ticker symbol R, is a member of the S&P 500, is #406 in the Fortune 500, has 29,000 employees, and had $8.925 billion in revenue in 2019.
In April 2023, the company added electric vehicles to its fleet lineup.
The truck rental and leasing market is a hot commodity in June 2023.
Ryder Truck Rental maintains a corporate office in Miami, Florida.