MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced the opening of its brand new logistics facility in Laredo, Texas, which will primarily support cross-border shipments between the U.S. and Mexico. The new facility adds to Ryder’s growing network of cross-border operations.
TWEET THIS: @RyderSystemInc expands its cross-border network to serve customers in the U.S. and Mexico with opening of new logistics facility in Laredo, TX.
Strategically located less than five miles from the World Trade Bridge, the new 109,000 square-foot facility includes 6,400 square feet of office space, 51 dock doors, two ramps, and 114 trailer spaces. The Laredo site will handle thousands of shipments on behalf of 19 customers within the auto, industrial, retail, and high tech industries and it will provide additional services and capacity opportunities to Ryder’s existing and future North American customers.
“Our new facility in Laredo, Texas enables Ryder to continue to support its growing customer base in the U.S. and Mexico with industry-leading cross-border solutions,” said Gene Sevilla, Ryder Vice President of International Supply Chain Solutions. “For over 24 years, Ryder has supported customers on both sides of the U.S.-Mexico border, where we’ve provided an unparalleled transportation infrastructure and distribution services in the midst of some of the most complex cross-border freight movement challenges.”
The new facility also complements Ryder’s newly renovated yard in Nuevo Laredo, Mexico, which has capacity for up to 400 trailers.
Ryder provides comprehensive logistics and supply chain management solutions to companies with operations in the U.S., Canada, Mexico, and the U.K., as well as in Singapore. With this new facility in Laredo, Texas, Ryder will manage more than 11,250 cross-border freight movements per month between the U.S. and Mexico across multiple crossing points along the border. In North America, Ryder manages more than 189,000 cross-border freight movements between the U.S., Canada, and Mexico annually. Ryder contracts with more than 2,100 transportation providers of all modes in the markets it serves. In Mexico, Ryder contracts with more than 150 Mexican carriers.
Ryder Supply Chain Solutions optimizes logistics networks to make them more responsive and able to be leveraged as a competitive advantage. Globally-recognized brands in the automotive, consumer goods, food and beverage, healthcare, industrial, oil and gas, technology, and retail industries rely on Ryder’s leading technologies and world-class logistics engineers to help them deliver the goods that consumers use every day.
Operating 189 facilities with 44 million square feet of warehouse space, Ryder offers flexible solutions as well as end-to-end visibility – no matter how challenging or diverse the storage and distribution needs may be. The Company, founded in 1933, operates behind the scenes, managing critical transportation and logistics functions for more than 50,000 customers, representing many of the world’s best-known brands. Ryder employs 34,500 people and manages a fleet of 234,100 commercial vehicles.
To learn more about Ryder’s cross-border solutions, click here.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400® index. Ryder has been named among FORTUNE’s World’s Most Admired Companies, and has been recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, and world-class safety and security programs. The Company is a proud member of the American Red Cross Disaster Responder Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com, and follow us on our Online Newsroom and social media pages: Facebook, LinkedIn, Twitter, Instagram, and YouTube.
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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