Ryder Opens Five New Locations for Used Vehicle Sales

Rhea-AI Summary

Ryder System, Inc. (NYSE: R) announces the grand openings of five new used vehicle sales centers in Salt Lake City, Oklahoma City, Orlando, Syracuse, and Allentown. This expansion enhances Ryder's network, which already includes 60 Used Truck Center locations nationwide with over 4,000 pre-owned vehicles available. Growth in used vehicle sales is attributed to high demand and limited market inventory. Ryder aims to improve customer experience by offering quality vehicles, flexible financing, and comprehensive maintenance support.

Positive

• Opening five new used vehicle sales centers in key U.S. locations.
• Expansion supports growing customer demand for pre-owned vehicles.
• Ryder operates the largest network of used commercial vehicles in the U.S.

Negative

• None.

Amid growing industry-wide demand, Ryder announces grand openings of five new U.S. locations for used vehicle sales

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and commercial fleet management solutions, today announces grand openings of five new used vehicle sales centers located in Salt Lake City, UT; Oklahoma City, OK; Orlando, FL; Syracuse, NY; and Allentown, PA.

Ryder offers the largest network of used commercial vehicles for sale in the U.S., with 60 Used Truck Center (UTC) locations offering more than 4,000 pre-owned trucks, vans, and trailers for sale. (Photo: Business Wire)

Ryder offers the largest network of used commercial vehicles for sale in the U.S., with 60 Used Truck Center (UTC) locations offering more than 4,000 pre-owned trucks, vans, and trailers for sale. The company’s used vehicle sales have seen growth this year, driven by limited market inventory and strong customer demand for high-quality fleet solutions. These five new locations support Ryder’s commitment to continuously enhancing the customer experience, ensuring both convenience and quality, in securing pre-owned commercial vehicles through Ryder’s used truck centers and online.

“For owner-operators, small businesses, and companies tested by the growth of E-commerce shipping disruptions, acquiring a flexible yet reliable solution can be challenging,” says Eugene Tangney, vice president of global vehicle sales at Ryder. “Ryder’s used vehicle centers provide solutions tailored to a customer’s needs, not only with well-maintained quality vehicles, but with flexible maintenance and financing packages. Plus, many of these used vehicles come with just one prior owner such as Ryder, and have been thoroughly inspected on a 140-point system.”

Ryder used vehicles consist of day cab tractors, sleepers, refrigeration equipment, box trucks, sprinter vans, cargo vans, and trailers. Ryder has staff on-site to consult with potential buyers on the vehicle that is best suited for their business needs, as well as provide a complete vehicle maintenance history report. Customers also benefit from discounted pricing, extended warranty, and Ryder’s best-in-class maintenance plans to keep payments low and maximize uptime.

New Ryder Used Truck Center location details:

Salt Lake City, Utah: Expanded market presence 5 minutes from airport and in close proximity to I-80.

• Address: 3232 W. Directors Row, Salt Lake City, UT 84104
• Phone: 385-343-4100
• To book an appointment online: https://outlook.office365.com/owa/calendar/RyderUsedVehicleSalesSaltLakeCityUT@rydertruck.onmicrosoft.com/bookings/

Oklahoma City, Oklahoma: Expanded market presence with the largest footprint in North America for used trucks.

• Address: 15 S. Morgan Rd., Oklahoma City, OK 73127
• Phone: 405-592-4292
• To book an appointment online: https://outlook.office365.com/owa/calendar/RyderUsedVehicleSalesOklahomaCityOK@rydertruck.onmicrosoft.com/bookings/

Orlando, Florida: A new location as a result of increasing demand for quality vehicles and used equipment dealers in the Orlando area.

• Address: 2015 Silver Star Rd., Orlando, FL 32804
• Phone: 689-205-8161
• To book an appointment online: https://outlook.office365.com/owa/calendar/RyderUsedVehicleSalesOrlandoFL@rydertruck.onmicrosoft.com/bookings/

Syracuse, New York: This new location will accommodate increased inventory and is conveniently located for commercial traffic.

• Address: 271 Farrell Rd., Syracuse, NY 13209
• Phone: 680-207-2900
• To book an appointment online: https://outlook.office365.com/owa/calendar/RyderUsedVehicleSalesSyracuseNY@rydertruck.onmicrosoft.com/bookings/

Allentown, Pennsylvania: A new facility to meet increased demand and high inventory levels and is strategically located two miles from Lehigh Valley International Airport.

• Address: 1211 Hanover Ave., Allentown, PA 18109
• Phone: 484-861-2121
• To book an appointment online: https://outlook.office365.com/owa/calendar/RyderUsedVehicleSalesAllentownPA@rydertruck.onmicrosoft.com/bookings/

“We’ve created a seamless experience that allows customers to select the right vehicle for their needs, whether online or at our growing number of Ryder Used Vehicle Centers,” adds Tangney. “Ultimately, this creates more flexibility, choice, and support for our customers.”

While all Ryder used vehicle centers operate in compliance with state and local regulatory requirements regarding COVID-19 safety protocols, Ryder recommends making an appointment to visit a Used Truck Center via ryder.com/used-trucks. Ryder also offers vehicle delivery through its “Ryder Relief Program” which provides financing and free delivery to those who qualify. Learn more at https://ryder.com/used-trucks/promotions/relief-program.

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 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 world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 235,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 64 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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20211007005167/en/

Jonathan Mayor

(305) 500-3161

jonathan_c_mayor@ryder.com

Amy Federman

(305) 500-4989

afederman@Ryder.com

Source: Ryder System, Inc.

FAQ

What new locations did Ryder System open for used vehicle sales?

Ryder opened new locations in Salt Lake City, Oklahoma City, Orlando, Syracuse, and Allentown.

How many used vehicle sales centers does Ryder operate in the U.S.?

Ryder operates 60 Used Truck Center locations across the U.S.

What factors are driving Ryder's used vehicle sales growth?

Growth is driven by high customer demand and limited market inventory for used vehicles.

What services does Ryder offer at its used vehicle sales centers?

Ryder offers well-maintained vehicles, flexible financing, and maintenance support at its used vehicle sales centers.

What is the stock symbol for Ryder System, Inc.?

The stock symbol for Ryder System, Inc. is R.