Company Overview Visit ryder.com website
From its beginnings in 1933, Ryder has grown to become one of the largest supply chain solutions providers in the world. Headquartered in Miami, Ryder was founded by Paul W. (PW) Ryder as a concrete hauling company (Ryder Truck Service Corporation). With trucking serving as the backbone of American commerce for many decades, it's no surprise that Ryder has become successful in this area.
Ryder System, Inc., is the parent company created when Ryder merged with DASE Companies, Inc. (DASE stands for Dealer Accounting Streamline Enterprises), in 1994. Other companies owned by Ryder Systems include Fleetnet, which provides Internet services to the company's clients, and TRG, which is a provider of account receivable management. Ryder has been publicly traded since 1995 and as such, provides corporate financial information to the general public along with necessary information for shareholders.
Today, Ryder's revenue is derived from three major sources: supply chain solutions, fleet management services, and equipment financing. While these may be a bit difficult to understand, we'll explain how they work. Supply chain solutions provide a variety of services for Ryder's clients which help them manage their supply chains and transportation activities more efficiently and cost-effectively. Fleet management services include leasing and fleet purchasing, where Ryder helps companies purchase vehicles and also manages fleets of vehicles which are used by the client company or third parties. As for equipment financing, Ryder provides leasing and financing options to companies which need equipment but do not want to make the purchases themselves.