Ryder provides logistics and transportation services across North America, operating through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). FMS offers full-service leasing, commercial rental, and vehicle maintenance services. Key offerings include ChoiceLease for bundled vehicle and maintenance services, commercial rentals for short-term needs, and SelectCare for maintenance of customer-owned vehicles. SCS provides integrated logistics solutions for industries like retail and automotive, including distribution management, dedicated transportation, and e-commerce fulfillment. DTS focuses on dedicated transportation services, supplying vehicles and drivers while managing operational challenges.
Ryder operates primarily in the logistics and transportation industries, with a customer base that includes large enterprises with complex supply chains across various sectors. The company generates revenue through its three segments: FMS accounted for 39% of revenue in 2024, SCS contributed 42%, and DTS made up 19%. Ryder's operational structure includes over 600 locations in the U.S. and Canada, supporting its diverse service offerings. The acquisition of Cardinal Logistics in 2024 was aimed at enhancing its dedicated transportation services.
Key factors impacting Ryder's business performance include competition from internal fleet management and other third-party logistics providers, economic conditions affecting demand, and seasonal fluctuations in certain services. The company competes on service quality, price, and technological capabilities. Ryder's business is also influenced by its ability to diversify contracts to mitigate economic volatility.