Ryder

Ryder System, Inc. is an American transportation and Logistics company.

It is known for its fleet of commercial rental trucks.

Ryder specializes in 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.

The company is headquartered in Coral Gables, Florida, and operates in the United States and United Kingdom.

Ryder was founded in Miami, Florida in 1933 by James Ryder as a concrete hauling company with one truck, a 1931 Model "A" Ford.

In 1938, Ryder signed a five-truck lease deal with Champagne Velvet Beer, increasing Ryder's fleet to 20 trucks.

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.

In 1955, Ryder System, Inc. was formed to combine Great Southern and Ryder Truck Rental.

Ryder System went public in 1955.

In the 1960s and 1970s, Ryder expanded into distribution and supply chain.

James Ryder retired in 1978.

The Ryder Charitable Foundation was established in 1984.

Since that time it has supported :Women in Trucking, Truckers Against Trafficking, the United Way, Hiring Our Heroes, and Big Brothers Big Sisters.

the Jackson health Foundation, and the American Red Cross.

In 1996, Ryder decided to focus on commercial truck rental and leasing, and exited the "one-way" business arena; which was purchased by equity firm Questor Partners Fund LP, who later sold it to Budget Truck Rental in June 1998.

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 December 2011, the non-partisan organization Public Campaign criticized Ryder for spending $960,000 on lobbying and not paying any taxes during 2008–2010, instead getting $46 million in tax rebates, despite making a profit of $627 million.

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.

In 2017 Ryder launched electric truck rentals in California, and Chicago, Illinois.

The trucks were equipped with 70kWh batteries, which had an estimated range of 100 miles.

Ryder is the exclusive maintenance provider for Workhorse's electric fleet in North America, first launched in the San Francisco Bay area in 2018.

Ryder divides its business into three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Transportation Solutions.

Launched in April 2018, 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.

As of December 31, 2019, the total company revenue was $8.93 billion, with profits before income taxes of $42.27 million.

The number of full-time employees, as of December 2019 was 39,900 globally, with 38,600 in North America and 1,300 in Europe.

The company employs approximately 9,500 drivers, 6,300 technicians and have approximately 25,600 hourly employees in the U.S. About 4,300 of those are organized by labor unions.

Ryder's fleet management business is its largest business segment, accounting for 61% of the company's total revenue of $2.3 billion, or $1.4 billion for Q4 of 2019.

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.

The program expanded to Florida in January 2019 and further expanded in Texas in February 2020.

As of December 31, 2019, Ryder owned or leased 213,800 vehicles.

Ryder' supply chain operations accounted for 28% of its revenue for a total of $649 million for Q4 2019.

This business consists of management of a customer's supply chain.

As of January 2020, they were the largest truck supplier in the US.