Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains
Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.
July 26, 2024Ryder to Acquire Cardinal Logistics
Ryder System Inc. is acquiring Cardinal Logistics in a deal that will add 2,900 power units, 3,400 drivers and 200 operating locations to its existing network.
February 1, 2024Cardinal Expands Delivery Capability With NRX Acquisition
Cardinal Logistics Management Corp. announced Jan. 20 that it had acquired last-mile delivery provider NRX Logistics.
January 20, 2021H.I.G. Completes Acquisition of Cardinal Logistics
Private equity firm H.I.G. Capital announced an affiliate completed the acquisition of Cardinal Logistics Holdings, a provider of dedicated transportation and logistics services in North America.
June 10, 2019Cardinal Logistics Files Notice of 102 Layoffs
Cardinal Logistics Management Corp. will lay off 102 employees on Jan. 8, 2018 after “the loss of a major contract” to a competitor, the logistics and dedicated contract carriage company wrote in a notice to the South Carolina Department of Employment and Workforce.
December 11, 2017Cardinal Logistics to Lay Off 69 Employees in Virginia on Dec. 2
Cardinal Logistics Management Corp. will lay off 69 employees in Salem, Va., on Dec. 2 because of the “unexpected termination of a major business contract,” according to a filing with the state. Most of the 69 are truck drivers.
October 6, 2017