Business, Logistics

Ryder Gets $4.4 Billion Takeover Offer From HG Vora

A Ryder truck HG Vora Capital has a 9.9% stake in Ryder and is offering $86 in cash for each Ryder share it doesn’t already own. (Ryder)

Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.

Connor D. Wolf | Staff Reporter
May 13, 2022
Business, Logistics, Top 100

Ryder to Shutter California Distribution Center, Lay Off 145 Workers

Ryder JB Reed/ Bloomberg News

Trucking and logistics company Ryder System will cease operations at its Moreno Valley, Calif., distribution center, leading to layoffs for 145 employees there.

Jack Katzanek | The Press Enterprise (Riverside, Calif.)
April 8, 2019
Business, Equipment, Logistics, Top 50, Top 100

Fleets Reap Riches by Expanding Into Last-Mile Service

Delivery Justin Osborne, driver for J.B. Hunt delivers kitchen appliance. (Sergio Flores/Bloomberg News)

Truck driver Justin Osborne pulled up to a house in the Dallas suburbs last month and started unloading an oven, a dishwasher and a microwave. His mission: Help J.B. Hunt Transport Services Inc. win the battle for new delivery riches spurred by e-commerce.

Thomas Black | Bloomberg News
January 9, 2019
Business, Technology

Ryder Reserves 500 Chanje Electric Panel Vans

Chanje Energy electric delivery van (Chanje Energy)

Ryder System has reserved 500 new Chanje Energy medium-duty electric panel vans for its North American truck rental and ChoiceLease fleet, the company announced June 7.

June 8, 2018
Business, Logistics

Ryder to Provide Transportation Needs for Mattel at Toy Maker’s New Plant

Ryder Ryder System Inc.

Ryder System Inc. will provide dedicated transportation, logistics and fleet management for Mattel Inc. at the toy maker’s Jonestown, Pa., distribution center.

August 1, 2017