Profile: Ryder System Inc (R.N)

R.N on New York Stock Exchange

93.60USD
11:22am EST
Price Change (% chg)

$-0.45 (-0.48%)
Prev Close
$94.05
Open
$93.78
Day's High
$94.04
Day's Low
$93.60
Volume
12,772
Avg. Vol
141,213
52-wk High
$95.81
52-wk Low
$67.09

Search Stocks

Ryder System, Inc. (Ryder), incorporated on March 22, 1955, is engaged in transportation and supply chain management solutions. Ryder operates in two business segments, which includes Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). FMS provides full service leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom. SCS provides supply chain solutions, including dedicated, distribution and transportation services throughout North America and Asia. Its customers range from small businesses to large international enterprises.

FMS

The Company through its FMS business provides its customers with fleet solutions which include full service leasing, commercial rental, contract maintenance, contract-related maintenance, fuel services, and used vehicles. Through full service lease product line, the Company provides customers with the vehicle, vehicle maintenance services, supplies, and related equipment necessary for operation of the vehicles while its customers furnish and supervise their own drivers and dispatch and exercise control over the vehicles. Commercial rental offers commercial rental fleet to handle peak or seasonal business needs. Its rental representatives assist in selecting a vehicle that satisfies a customer’s needs and supervise the rental process, which includes execution of a rental agreement and a vehicle inspection. Contract maintenance product line provides customers with all or certain of the maintenance services provided under a full service lease. Its contract maintenance customers commit to utilize the network of maintenance facilities and trained technicians to maintain the vehicles they own or lease from third parties. It also customize the services to include ancillary maintenance and fleet support services. Contract-related maintenance offers additional maintenance and repair services that are not included in their full service lease or contract maintenance contracts. In addition, it provides service on the Company’s owned vehicles and charge the customer on an hourly basis for work performed. Fuel services provide FMS customers with access to diesel fuel at competitive prices. It also provides services such as fuel planning, fuel tax reporting, centralized billing, fuel cards and fuel monitoring. The Company sells used vehicles at its retail sales centers throughout North America, at its branch locations or through its Website at www.Usedtrucks.Ryder.com.

In the United States, as of December 31, 2013, FMS had 532 operating locations, excluding ancillary storage locations, in 49 states and Puerto Rico. It also operates 161 locations on-site at customer properties, which provide vehicle maintenance. In Canada, as of December 31, 2013, FMS had 34 operating locations throughout eight Canadian provinces and also operates 13 maintenance facilities on-site at customer properties. In Europe, as of December 31, 2013, FMS had 57 operating locations, also a network of 491 independent maintenance facilities. FMS supplies and manage vehicles, equipment and personnel for military organizations in the United Kingdom and Germany.

SCS

The Company’s SCS business provides dedicated services, distribution management, transportation management and professional services. Dedicated services are offered on a stand-alone basis or as part of an integrated supply chain solution to the customers. The dedicated services offering combine the equipment, maintenance and administrative services of a full service lease with drivers and additional services. Additional services include routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, technology and communication systems support including on-board computers, and other technical support. Its dedicated services solution offers a high degree of specialization to meet the needs of customers with sophisticated service requirements such as tight delivery windows, high value or time sensitive freight, closed-loop distribution, multi-stop shipments, specialized equipment and integrated transportation needs.

Distribution management offers a range of services relating to a customer’s distribution operations, from designing a customer’s distribution network to managing distribution facilities. Services within the facilities include managing the flow of goods from the receiving function to the shipping function, coordinating warehousing and transportation for inbound and outbound material flows, handling import and export for international shipments, coordinating just-in-time replenishment of component parts to manufacturing and final assembly, and providing shipments to customer distribution centers or end customer delivery points. Additional value-added services such as light assembly of components into defined units (kitting), packaging and refurbishment are also provided.

Transportation Management business offers services relating to all aspects of a customer’s transportation network. Its transportation specialists provides shipment planning and execution, which includes shipment optimization, load scheduling and delivery confirmation through a series of technological and web-based solutions. Its transportation consultants, including freight brokerage department, focus on carrier procurement of all modes of transportation with an emphasis on truck-based transportation, rate negotiation, and freight bill audit and payment services. In addition, its SCS business as well as its FMS business provides customers with capacity management services that are designed to meet backhaul opportunities and minimize excess miles.

Professional Services offers knowledge-based services that support every aspect of a customer’s supply chain. Its SCS professionals evaluate a customer’s existing supply chain to identify inefficiencies as well as opportunities for integration and improvement. After the assessment, SCS professionals work with the customer to develop a supply chain strategy. Once a customer has adopted a supply chain strategy, the Company’s SCS logistics team, work to design a supply chain solution. In addition to providing the distribution and transportation expertise necessary to implement the supply chain solution, SCS representatives coordinate and manage all aspects of the customer’s supply chain provider network.

Company Address

Ryder System Inc

11690 N.W. 105TH STREET
MIAMI   FL   33178-1103
P: +1305.5003726

Company Web Links

Search Stocks