Ryder Expands Multiclient Warehouse Footprint in Chicagoland, a Key Distribution Hub

Rhea-AI Summary

Ryder expands its multiclient warehouse footprint in Aurora, Illinois

Positive

• Ryder continues to expand its multiclient warehouse network, adding a 400,000-square-foot distribution center in Aurora, Illinois.
• The newly built facility is part of a six-building campus totaling 2.4 million square feet.
• The location allows Ryder to pool resources and provide flexibility, efficiency, and resiliency to customers.

Negative

• None.

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, continues to expand its multiclient warehouse network, adding a 400,000-square-foot distribution center in Aurora, Ill. The newly built facility opened in August. It’s the latest addition to a now six-building campus totaling 2.4 million square feet, primarily serving shippers of consumer packaged goods (CPG), including food and beverage, food ingredients, health and beauty, household products, and general retail merchandise.

Ryder expands its multiclient warehouse footprint in a key Midwest distribution hub. The company now operates 11 multiclient and 23 dedicated customer warehouses totaling more than 17 million square feet in the greater Chicago area. (Photo: Business Wire)

“The location is key. We now have six multiclient warehouses within a five-mile radius, and we have about a thousand employees within a 10- to 15-minute commute, which allows us to pool resources to account for our customers’ seasonal and market fluctuations,” says Darin Cooprider, senior vice president of consumer-packaged goods for Ryder. “And, with room for our customers to grow and to support inventory overflow, it’s an incredible value for customers looking for greater flexibility, efficiency, and ultimately, resiliency.”

Ryder plans to recruit for 60 additional positions to help support the new facility, which has omnichannel fulfillment capabilities, food-grade certifications, and ambient temperature controls, as well as 56 dock doors and 26 trailer stalls. That brings the total for the six-building campus to 335 dock doors, 175 cross-dock doors, and 257 trailer stalls to service customers. The growing campus has rail access, and it’s within a one-day truck drive for more than half of the U.S. population.

“Ryder customers have access to a flexible mix of logistics solutions,” adds Cooprider. “And, as they grow and their needs evolve, we can seamlessly transition customers from our multiclient facilities to dedicated warehouses, offer dedicated truck capacity with professional drivers, and provide real-time, end-to-end visibility and collaboration technology to help prevent costly delays and find efficiency gains.”

Ryder’s footprint in the greater Chicago area – a key Midwest distribution hub – now includes 11 multiclient warehouses and 23 dedicated customer warehouses totaling more than 17 million square feet.

Serving more than 20 industries; and, with a total of 300 warehouses encompassing more than 95 million square feet of space across North America, the company’s warehouse and distribution capabilities include supply chain engineering and optimization, integrated technology and data analytics, value-added services, and LEAN continuous improvement practices for efficient operations.

Ryder also serves the top 10 food and beverage companies in the U.S.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmental stewardship, 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, including our expectations regarding hiring, 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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20231005245085/en/

Anne Hendricks, (305) 500-4547, amhendricks@ryder.com

Amy Federman, (305) 500-4989, afederman@ryder.com

Source: Ryder System, Inc.

FAQ

What is Ryder System, Inc.?

Ryder System, Inc. is a leader in supply chain, dedicated transportation, and fleet management solutions.

Where is the newly built facility located?

The newly built facility is located in Aurora, Illinois.

How many multiclient warehouses does Ryder now operate in the greater Chicago area?

Ryder now operates 11 multiclient warehouses in the greater Chicago area.

What industries does Ryder serve?

Ryder serves more than 20 industries, including the top 10 food and beverage companies in the U.S.

What are some of the capabilities of Ryder's warehouse and distribution services?

Ryder's warehouse and distribution capabilities include supply chain engineering and optimization, integrated technology and data analytics, value-added services, and LEAN continuous improvement practices.