A new study from Ryder System Inc., recommends that retailers pay close attention to their returns policies and management strategies in order to improve customer loyalty. The ninth annual ecommerce … Continue Reading →
Ryder System Inc. plans to purchase 4,000 light-duty electric vans for its rental, leasing and dedicated fleets from General Motors-owned BrightDrop by 2025, with its first order of 200 vehicles going into service this year, as it looks to meet customer EV demand and keep up with various state mandates.
Ryder Systems Inc. has acquired niche third-party logistics provider Dotcom Distribution, its second such deal this year, boosting its position in health and beauty, cosmetics and fashion and adding the bench strength of a CEO who has been around since the early days of ecommerce.
Ryder is expanding a nationwide B2B network called Coop that matches available trucks from fleet owners in a variety of modes, Uber-like, with shippers with a temporary need for capacity to meet demand in a tight market for assets. New locations are being added in New York, New Jersey, Pennsylvania and Illinois.
Ryder System Inc. has become the target of a takeover bid by Miami-based private equity firm HG Vora Capital Management, at a proposed price of $86 per share, a 28.4% premium to its 30-day average, according to an SEC filing. Ryder, whose stock surged in response, has itself has been acquiring 3PL assets and investing in technology.
Executives from Ryder, Gatik and enVista joined a professor from Georgia Tech to discuss the latest technology and trends in autonomous middle mile trucks for retail and ecommerce replenishment, during a panel on the topic at Ecommerce Operations Technology Summit 2022 in Orlando.
Ryder System Inc. has significantly expanded its fulfillment network and added automation capabilities through the acquisition of 3PL Whiplash for $480 million, giving it warehouse assets in key markets and ports including Long Beach, CA, Seattle/Tacoma, New York/New Jersey and Savannah, GA.
UPS has expanded a piloted service to help small-to-medium-sized businesses worldwide consolidate their ecommerce fulfillment to customers in the U.S. and Canada, across 21 different marketplaces and web stores including eBay, Walmart, Etsy and Amazon.