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RYDER SYSTEM, INC.

(R)
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Ryder System : Expands Last-Mile Delivery Network Amid Escalating Consumer Demands

07/22/2021 | 06:56am EST

Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces further expansion of Ryder Last Mile, a customizable, multi-tiered delivery solution for big-and-bulky goods. With new hubs in Milwaukee and Philadelphia, Ryder continues to position its customers – some the world’s biggest brands – closer to end-consumers in order to meet ever-growing demands for delivery in two days or less.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210722005010/en/

Ryder announces further expansion of Ryder Last Mile, a customizable, multi-tiered delivery solution for big-and-bulky goods, with new hubs in Milwaukee and Philadelphia. (Photo: Business Wire)

Ryder announces further expansion of Ryder Last Mile, a customizable, multi-tiered delivery solution for big-and-bulky goods, with new hubs in Milwaukee and Philadelphia. (Photo: Business Wire)

The 75,000-square-foot hub in Milwaukee is operational as of July 19, 2021 and the 108,000-square-foot hub in Philadelphia will be operational by October. Both new facilities will service multiple customers across various industries and provide quick and easy access to the Northeast, Mid-Atlantic, and Upper Midwest regions. With more than 100 additional locations, the Ryder Last Mile network can cover 95% of the U.S., including Puerto Rico and Hawaii, within a two-day timeframe.

“This latest expansion of our last-mile delivery network puts our customers even closer to their customers – the end-consumers – in some of the most densely populated regions in the U.S., where capacity constraints can be a daily challenge,” says Steve Sensing, president of supply chain solutions for Ryder. “By increasing our footprint, we improve our customers’ speed-to-market, which is critical in today’s highly competitive environment and vital to our customers’ short- and long-term growth strategies.”

Ryder Last Mile offers customizable delivery options with five tiers of service: Front Door; Over the Threshold; Room of Choice; White Glove Delivery, which includes assembly, hook-up, and installation; and Deluxe Service, which includes pre-delivery inspection and assembly to maximize delivery success and reduce returns.

To enhance the Ryder Last Mile customer experience, Ryder continues to invest heavily in visibility technology such as RyderViewTM, which enables consumers to schedule deliveries at their convenience and then easily track their orders in real-time. At delivery, RyderView offers electronic proof of delivery and an option to complete an automated customer survey.

About Ryder

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 235,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 64 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com

Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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ę Business Wire 2021
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Financials (USD)
Sales 2021 9 544 M - -
Net income 2021 468 M - -
Net Debt 2021 5 387 M - -
P/E ratio 2021 9,07x
Yield 2021 2,88%
Capitalization 4 259 M 4 259 M -
EV / Sales 2021 1,01x
EV / Sales 2022 0,99x
Nbr of Employees 39 000
Free-Float 99,3%
Chart RYDER SYSTEM, INC.
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Ryder System, Inc. Technical Analysis Chart | R | US7835491082 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 79,32 $
Average target price 93,57 $
Spread / Average Target 18,0%
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Managers and Directors
Robert E. Sanchez Chairman & Chief Executive Officer
John J. Diez Chief Financial Officer & Executive Vice President
Rajeev Ravindran Chief Information Officer & Senior Vice President
Norman Brouillette VP, General Manager-Technology & Healthcare
Kendra Phillips Chief Technology Officer
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