Ryder System

The analysis, entitled “Charged Logistics: The Cost of Electric Vehicle Conversion for U.S. Commercial Fleets,” takes a deep dive into the myriad challenges related to converting to EVs, including what it called evolving state and federal legal requirements focused on transitioning to zero-emissions vehicles.

The company said earlier this week it opened up a second multiclient facility logistics facility located in El Paso, Texas, which is in close proximity to the Ysleta Port of Entry, which it said is the largest commercial port in the El Paso district, as well as a critical trade corridor for northbound goods out of Juarez, Mexico.

Ryder officials explained that these moves were driven by the evolving dynamics of cross-border trade between the U.S. and Mexico, coupled with the ports of Laredo and Nuevo Laredo representing the top inland transborder trade port between the U.S. and Mexico, in tandem with Mexico now being the top trading partner of the U.S. in 2023.

Miami-based freight transportation and logistics services provider Ryder System Inc. said today it has inked a definitive agreement to acquire the outstanding equity of IFS Holdings LLC, also known as Impact Fulfillment Services (IFS), a provider of contract packaging, contract manufacturing, and warehousing services for shippers in the consumer packaged goods (CPG), retail, and healthcare sectors.

The company has added a 400,000 square-foot Aurora, Ill.-based distribution center, which opened its doors in August. Ryder officials said that this new distribution center is part of a six-building campus comprised of 2.4 million square-feet, which Ryder said mainly serves consumer packaged goods (CPG) shippers, including: food and beverage, food ingredients, health and beauty, household products, and general retail merchandise.

Earlier this week, Miami-based Miami-based freight transportation and logistics services provider Ryder System Inc. heralded the initial rollout of its BrightDrop Zevo 600 electric vans at four strategic facilities in California, Texas, and New York.

Entitled the Freight Brokerage Carrier Loyalty Program, Ryder described it as a points-based program for motor carriers that work with its freight brokerage division that book and track loads through the Trucker Tools app, which provides digital trip planning, shipment visibility, predictive freight matching, and automated booking services.

The company will introduce 4,000 BrightDrop Zevo 600 and Zevo 400 electric vans to its lease and rental fleet through 2025, adding that the first 200 will be ordered in 2023. And it added that the Zevo 600 and Zevo 400 electric vans have a 250-mile range on a full charge, while supporting a payload of roughly 2,000-to-3,400 pounds.

Company officials said that by leveraging capacity through Ryder’s peer-to-peer truck- and trailer-sharing platform, COOP by Ryder, its customers gain access to a fleet comprised of dry and refrigerated trailers, adding that COOP has more than 6,000 trailers listed throughout the country, with its inventory continuing to increase.

Third Party Logistics (3PLs) providing world-class service through highly-uncertain conditions

Ryder officials said that adding these new locations are part of its strategy to grow its broader transportation service offerings, which include freight brokerage, transportation management, and dedicated transportation. Ryder now has freight brokerage offices in Nashville, Novi, Mich., and Forth Worth, Texas.

Miami-based freight transportation and logistics services provider Ryder System Inc. confirmed it received an offer by an activist investor to acquire the company. Ryder said in a statement that it received an unsolicited indication of interest from New York-based HG Vora for $86.00 per share in cash