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Ryder Expands Last-Mile Delivery Network with New Hubs in Key Footholds Nashville and Boise
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Ryder System, Inc. (NYSE: R) has announced plans to expand its Last Mile delivery services by opening new distribution centers in Nashville, Tennessee and Boise, Idaho. This strategic move targets growing demand for big-and-bulky goods delivery in rapidly expanding metropolitan areas. The Nashville facility spans 100,000 square feet and offers expansion capabilities, while the Boise center covers 70,000 square feet. With over 100 locations nationwide, Ryder aims to enhance its service speed and customer satisfaction through customizable delivery options and advanced tracking technology.
Positive
Opening new distribution centers in Nashville and Boise enhances delivery capacity for big-and-bulky goods.
Nashville facility capacity of 100,000 square feet with expansion options supports customer growth.
Boise facility of 70,000 square feet also allows for expansion, catering to increasing demand.
Ryder Last Mile network now covers 95% of the U.S., improving service reach and speed-to-market.
Negative
None.
Strategic expansion focuses on growing population centers as demand remains high for e-commerce fulfillment of big-and-bulky goods
MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces the further expansion of Ryder Last Mile, its customizable, multi-tiered delivery solution for big-and-bulky goods. With new distribution centers in the Nashville, Tennessee and Boise, Idaho areas—two of the top 20 fastest growing metropolitan areas in the U.S.—Ryder addresses the growing need for last-mile delivery services for large appliances, furniture, exercise equipment, and more, as populations shift with the ability to work remotely.
With new distribution centers in the Nashville, Tennessee and Boise, Idaho areas, Ryder addresses growing need for last-mile delivery services for large appliances, furniture, exercise equipment, and more, as populations shift with the ability to work remotely. (Photo: Business Wire)
Just outside of downtown Nashville, the new Ryder Last Mile multiclient warehouse located in Smyrna, Tennessee opened in February at 100,000 square feet with room to expand to accommodate customer growth as well as seasonal and market fluctuations. And earlier this month, just outside of Boise, Ryder opened a 70,000-square-foot multiclient facility in Caldwell, Idaho, also with room for expansion.
“We made the decision to invest in the Nashville and Boise markets for this latest expansion of our last-mile delivery network because it aligns with our broader strategy to continually position our customers closer to their end-consumers,” says Steve Sensing, president of supply chain solutions for Ryder. “With burgeoning populations and quick access to highway and rail networks, these two new markets increase speed-to-market, which is critical in today’s highly competitive environment and vital to our customers’ growth strategies.”
With more than 100 additional locations, the Ryder Last Mile network covers 95% of the U.S., including Puerto Rico and Hawaii, within a two-day timeframe.
The customizable delivery options include four tiers of service: Front Door; Over the Threshold; Room of Choice; and White-Glove Delivery, which includes assembly, hook-up, and installation.
And to enhance the Ryder Last Mile customer experience, Ryder continues to invest heavily in visibility technology such as RyderViewTM, which enables consumers to schedule deliveries at their convenience and then easily track their orders in real-time. At the point of delivery, RyderView offers electronic proof of delivery and an option for customers to complete an automated survey.
About Ryder
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 239,000 commercial vehicles and operates more than 330 warehouses, encompassing more than 80 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com
Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
What recent expansion did Ryder System, Inc. announce?
Ryder System, Inc. announced the opening of new distribution centers in Nashville, Tennessee, and Boise, Idaho, to enhance its Last Mile delivery services.
How large are the new distribution centers opened by Ryder?
The Nashville distribution center covers 100,000 square feet, while the Boise facility is 70,000 square feet.
What is the purpose of Ryder's Last Mile delivery services expansion?
The expansion aims to meet the growing demand for the delivery of big-and-bulky goods in fast-growing metropolitan areas.
How does Ryder's Last Mile network benefit customers?
The Ryder Last Mile network covers 95% of the U.S. and offers customizable delivery options, improving accessibility and speed.
What is a key technology used by Ryder to enhance customer experience?
Ryder utilizes RyderView technology to provide real-time tracking and scheduling options for deliveries.
