Ryder to Open 10th Multiclient Distribution Center in Chicagoland

Rhea-AI Summary

Ryder System, Inc. (NYSE: R) is set to open its tenth multiclient distribution center in North Aurora, Illinois, in early January. This facility spans nearly 550,000 square feet, primarily catering to shippers of consumer-packaged goods, including food, beverage, and health products. The new center offers significant logistical advantages with a strategic location close to a dense labor force and access to essential infrastructure. Ryder plans to recruit around 100 positions and utilizes advanced visibility technology to streamline operations. The company currently serves nine of the top ten U.S. food and beverage firms.

Positive

• Opening of a new 550,000-square-foot distribution center enhances operations in a strategic location.
• Proposed recruitment of approximately 100 positions boosts local employment.
• Serves nine out of the top ten U.S. food and beverage companies, highlighting strong market position.

Negative

• None.

The newly built facility will expand Ryder’s footprint in key distribution hub for consumer-packaged goods

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces that it will open its 10^th multiclient distribution center in the greater Chicago area in early January. The nearly 550,000-square-foot facility in North Aurora, Ill. will primarily serve shippers of consumer-packaged goods, including food and beverage, health and beauty, and household products, as well as general retail merchandise.

Ryder continues to build on its multiclient warehousing offering in the Chicagoland area, announcing it will open a 10th distribution center in the key logistics hub for consumer-packaged goods. (Photo: Business Wire)

“The multiclient warehouse expands our footprint in a key distribution hub, which is a one- to two-day drive from about half of the U.S. population. Chicagoland also has a dense labor force, and with other Ryder warehouse operations nearby, we can offer the flexibility customers often need to manage seasonal and market changes,” says Darin Cooprider, senior vice president of consumer-packaged goods for Ryder.

The company plans to recruit for approximately 100 positions to support the warehouse operations. The facility will feature 54 cross-dock positions, 162 trailer stalls, access to area railroad ramps, ambient temperature controls, and food-grade certification.

Ryder currently serves nine out of the top 10 U.S. food and beverage companies. And late last year, the company announced it was adding multiclient warehousing capabilities to its service offerings with the acquisition of Midwest Warehouse & Distribution System, which primarily served consumer-packaged goods customers. With that acquisition, Ryder gained nine multiclient and eight dedicated-customer warehouses, primarily in the greater Chicago area.

“Multiclient warehouses are a great entry point for new customers looking for a 3PL provider that can scale with them as they evolve,” adds Cooprider. “We can seamlessly transition customers into dedicated facilities, offer a flexible mix of transportation solutions to suit changing needs, and offer real-time visibility and collaboration technology so our customers can easily see across their end-to-end supply chains, avoid costly delays, and continually find efficiency gains.”

Ryder operates more than 330 warehouses encompassing more than 80 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.

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 of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. 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, including our expectations with respect to the timing of when our 10^th multiclient distribution center will open, our ability to recruit for the positions necessary to support the warehouse operations, and our ability to successfully meet the demands of our customers, 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.

ryder-scs

ryder-usa

View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005098/en/

Anne Hendricks

(305) 500-4547

amhendricks@ryder.com

Amy Federman

(305) 500-4989

afederman@ryder.com

Source: Ryder System, Inc.

FAQ

When will Ryder System open its new distribution center?

Ryder System will open its new distribution center in North Aurora, Illinois, in early January.

What is the size of Ryder's new distribution center?

The new distribution center spans nearly 550,000 square feet.

What type of goods will the new Ryder distribution center serve?

The distribution center primarily serves consumer-packaged goods, including food, beverages, and health products.

How many positions will Ryder create for the new facility?

Ryder plans to recruit approximately 100 positions for the new distribution center.

Which major companies does Ryder currently serve?

Ryder currently serves nine out of the top ten U.S. food and beverage companies.