MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, today announced it has completed the acquisition of
all outstanding equity of Dallas Service Center, Inc. (DSC), an
independent truck repair facility located in Dallas, Texas.
The acquisition, completed on September 29, 2017, is expected to be
nominally accretive to earnings in 2017. Ryder anticipates additional
earnings in future years due to implementation of best practices leading
to synergies, as well as improved productivity and safety as part of the
Ryder network.
Ryder intends to operate the business under the name Ryder Dallas
Service Center, maintaining its current service offering and areas of
focus. Ryder intends to retain the existing workforce of approximately
50 employees.
“We are pleased with our acquisition of DSC,” said Ryder President of
Global Fleet Management Solutions, Dennis Cooke. “We will operate the
business as a key part of our West Region, expanding the capacity of our
existing maintenance network, while adding new services in the area of
body repair work.”
The acquired operation is located at 5115 S. Cockrell Hill Rd., Dallas,
Texas 75236 and is adjacent to Ryder’s existing Redbird truck rental and
service location. The acquired location consists of a 5.87 acre property
and 34,000 square feet of facilities, including 31 commercial vehicle
maintenance bays, two paint booths, and two wash bays.
Ryder’s Dallas Service Center facility is open for vehicle maintenance
from 6:00 a.m. to 11:00 p.m. Monday through Friday, and office hours are
8:00 a.m. to 5:00 p.m. For additional information about the new location
and its services, please call (214) 330-4661.
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,
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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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Source: Ryder System, Inc.