Ryder Completes Acquisition of Cardinal Logistics
02/01/24, 1:04 PM
Location
miamiconcordIndustry
logistics
transportation
transportation, logistics, supply chain and storage
Ryder System, Inc. has completed the acquisition of Cardinal Logistics, further strengthening its leading position as a customized dedicated contract carrier in North America. The acquisition will enable Ryder to accelerate profitable growth in its dedicated business and create synergies for both Ryder and Cardinal customers. The transaction includes the full integration of Cardinal operations, facilities, and equipment into Ryder's dedicated transportation, fleet management, and supply chain businesses.
Company Info
Location
Miami, Florida, United States
Company info
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and commercial 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 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, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce.