Ryder System Inc

F:RYD

Business Description

Sector

Industrials

Industry

Road & Rail

Headquarters

United States of America US

Employees

51 600

IPO date

Sep 19, 1960

Ryder System is a transportation and logistics company that helps businesses move goods and manage fleets of trucks. It rents and leases trucks and trailers, runs dedicated delivery fleets for customers, and provides warehouse and supply chain services. It also maintains vehicles and sells used trucks when they leave the fleet.

Its main customers are companies that need reliable shipping and fleet support, such as manufacturers, retailers, distributors, and e-commerce shippers. Ryder makes money through rental and lease payments, contract logistics fees, fleet management services, maintenance work, and the sale of used vehicles and related equipment.

What makes Ryder different is that it sits in the middle of the logistics chain as both a fleet owner and an outsourced operations partner. Many customers do not want to buy, service, and manage their own trucks and warehouses, so they hire Ryder to do that work for them. That gives Ryder a business tied to long-term service contracts and the practical need to keep goods moving.