Facility Primarily Serving Cross-Border Movements between the U.S.
and Mexico
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.
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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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Ryder System, Inc.
Jonathan Mayor, 305-500-3161
Jonathan_C_Mayor@ryder.com
or
Claudia
Panfil, 305-500-3668
Claudia_Panfil@Ryder.com
Source: Ryder System, Inc.