User:GroveGuy/Sand2Box: Difference between revisions
No edit summary |
|||
| Line 4: | Line 4: | ||
{{Infobox Company |
{{Infobox Company |
||
| name = Ryder System, Inc. |
| name = Ryder System, Inc. |
||
| logo = [[Image:Ryder.svg|200px]] |
| logo = [[:Image:Ryder.svg|200px]]<!--Non free file removed by DASHBot--> |
||
| type = [[Public company|Public]] ({{nyse|R}}) |
| type = [[Public company|Public]] ({{nyse|R}}) |
||
| foundation = [[Miami, Florida]], [[United States|U.S.]] (1933) |
| foundation = [[Miami, Florida]], [[United States|U.S.]] (1933) |
||
Revision as of 05:01, 18 February 2011
 | This article needs additional citations for verification. (August 2008) |
| 200px | |
| Company type | Public (NYSE: R) |
|---|---|
| Industry | Transportation |
| Founded | Miami, Florida, U.S. (1933) |
| Founder | James Ryder |
| Headquarters |  Miami, Florida, U.S. |
Key people | Gregory Swienton (Chairman, CEO) Robert Sanchez (CFO) |
| Services | Fleet management Supply chain management Dedicated carrier Cargo truck rental |
| Revenue |  US$6.566 billion (2007) |
| US$405.46 million (2007) | |
| US$253.86 million (2007) | |
| Total assets | US$6.854 billion (2007) |
| Total equity | US$1.888 billion (2007) |
Number of employees | 28,800 (2007) |
| Website | http://ryder.com |
| Footnotes / references [1][2][3] | |
Ryder System, Inc. (NYSE: R), or Ryder, is an American-based provider of transportation and supply chain management solutions with global operations.[4] Ryder specializes in fleet management, supply chain management and dedicated contracted carriage. Ryder operates in North America, the United Kingdom and Asia. It has its headquarters in suburban Miami, Florida within Miami-Dade County.
History
![[icon]](/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding to it. (January 2011) |
Ryder was founded in Miami, Florida in 1933 by James Ryder as a concrete hauling company with one truck, a 1931 Model "A" Ford.[1] Within a few years,[when?] the business expanded to leasing trucks to other companies. This led to Ryder changing its focus from distribution to leasing. By 1939, Ryder's truck fleet had increased to 50. By the 1960s and 1970s, Ryder had expanded into the distribution and supply chain markets.
In 2008, Ryder acquired three regional competitors: Pollock, Lily Transportation and Gator Leasing.
James A. Ryder, founder and chairman, retired in 1978.[1]
Business
Ryder divides its business into three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Contract Carriage. In 2008 (the last year whose report is posted online) the total company revenue was $ 6.2 billion with profits (earnings before income taxes) of $ 459 million. The numbers mentioned below are before eliminations.[5] The basic variables are who owns the trucks, maintains the trucks, pays the drivers, does the warehousing, and supervises the driving. 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[6].
Fleet Management Solutions
Ryder's Fleet Management Solutions business is its largest business segment, accounting for 71% of its revenue for a total of $ 4.4 billion. Profit of $ 398 million was 86% of the total.[7] These solutions consist primarily of 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 decides where they go. In contract maintenance Ryder just takes care of the trucks. Commercial rentals are the white Ryder trucks which the contract customers can rent on a temporary basis. Support services consist of insurance, vehicle permits, and fuel.
Supply Chain Solutions
Ryder' Supply Chain Solutions accounted for 26% of its revenue for a total of $ 1.6 billion. Profit of $ 42 million was 9% of the total. These solutions are logistics management services designed to optimize a customer’s supply chain. Basically the customer owns the trucks and Ryder decides where they go managing the warehouses and the drivers. Ryder managed over 15,000,000 square feet (1,393,546 m2) of warehouse space on December 31, 2008.[8]
Dedicated Contract Carriage
Ryder' Dedicated Contract Carriage accounted for 8% of its revenue for a total of $ 0.5 billion. Profit of $ 49 million was 10% of the total.[9] Here Ryder does it all, combining full service leasing and supply chain management.
Rental trucks
Ryder started a consumer truck-rental operation in 1968 beginning operations with 1,000 trucks and vans. These were the yellow trucks seen at gas stations available for the public to rent. One competor was U-Haul. Ryder called their trucks one ways. In June of 1998, Budget Truck Rental purchased Ryder's truck rental division as Ryder went out of the consumer business.[10] The white Ryder trucks seen on the highways today are not available to the general public, only to customers under contract.
Headquarters
Ryder's headquarters are located in an unincorporated area in northwest Miami-Dade County, Florida, near the Miami Dade-County, Broward County boundary line.[11][12]
Previously Ryder had its headquarters in Doral, Florida.[13] In 2002, after taking a year long study of 22 potential headquarters sites in South Florida, Ryder announced that it would move its headquarters to another location in northwest Miami-Dade County. The commute times of around 200 employees who reside in Broward County decreased. Before the announcement of the final headquarters site, Ryder considered some locations in Miramar in Broward County.[12] In 2005 Shoma Development Corp. began demolishing the former Ryder headquarters in Doral, replacing it with the Park Square at Doral development.[14]
Locations
Headquartered in Miami, Ryder has satellite locations in several US States and also in Mexico, Canada, Singapore, China and united Kingdom.[15]
References
- Notes
- ^ a b c "Ryder History". Ryder System, Inc. Retrieved 2008-08-07.
- ^ "Ryder Media Fact Sheet". Ryder System, Inc. Retrieved 2008-08-07.
- ^ "Ryder System, Inc". Google Finance. Retrieved 2008-08-07.
- ^ "Ryder System Inc Company Profile". Reuters. Retrieved 2008-08-08.
- ^ 2008 Annual Report
- ^ Business Wire
- ^ 2008 Annual Report
- ^ 2008 Annual Report
- ^ 2008 Annual Report
- ^ highbeam.com
- ^ "Contact Us." Ryder. Retrieved on January 9, 2010.
- ^ a b Tamen, Joan Fleischer. "Ryder Headquarters to be Located Near Broward County, Fla., Border." South Florida Sun-Sentinel. December 5, 2002. Retrieved on January 9, 2010.
- ^ "Contact Ryder." Ryder. February 29, 2000. Retrieved on January 9, 2010.
- ^ "Urban Living." Miami Herald. August 12, 2005. 1C Business. Retrieved on January 9, 2010.
- ^ Ryder.com
- Bibliography
- Saunders, Harris. Top Up or Down? The Origin and Development of the Automobile and Truck Renting and Leasing Industry -- 56 Years, 1916-1972. Birmingham, AL: Harris Saunders, 1972.
- "2008 Annual Report" (PDF). Ryder System. Retrieved February 15, 2011.
External links
- Ryder System, Inc. official website
.JPG){kind=link}