MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces the opening of a new logistics operation in Laredo, Texas and the expansion of its drayage yard in Nuevo Laredo, Mexico. The ports of Laredo and Nuevo Laredo now comprise the top inland transborder trade port between the United States and Mexico, after Mexico’s rise to the number one spot among U.S. trading partners last year. Ryder’s new and expanded facilities are designed to support growth in manufacturing, while speeding products across the border.
Ryder’s newly built 228,000-square-foot multiclient warehouse and cross dock in Laredo is strategically located just three miles from the World Trade Bridge on the U.S.-Mexico border with easy interstate access in both directions. It has 102 dock doors, room for 143 trailers, and it’s within a six-mile radius of Ryder’s other operations in Laredo, which allows for overflow and pooling of labor and resources for added flexibility.
“If you look at the market, truck border crossing activity between the U.S. and Mexico is up more than 20% annually since the pandemic, as more businesses look to nearshoring to diversify their supply chains and shorten lead times,” says Ricardo Alvarez, vice president of supply chain operations for Ryder Mexico. “The savings from manufacturing overseas can be offset by inventory sitting on ships or in seaports incurring storage fees; and, of course, by the product being unavailable to meet demand. With Mexico, you put what you need on a truck and it can be in a final-mile distribution center within days, not months.”
On the Mexico side, Ryder is expanding its Nuevo Laredo drayage yard, which facilitates the transfer of freight across the border to U.S. drivers.
Ryder Mexico manages more than 250,000 freight movements annually across the entire Mexican border, supporting customers in the automotive, industrial, technology, and consumer packaged goods industries. The company also operates approximately five million square feet of multiclient and dedicated warehouse and yard space across Mexico.
“While we specialize in fully integrated port-to-door supply chain solutions, our new multiclient warehouse in Laredo is also a good entry point for customers looking for a logistics provider that can help them scale,” says Frank Bateman, vice president of supply chain operations for Ryder. “As our customers’ needs evolve, we can seamlessly transition them into dedicated warehouses and offer a flexible mix of transportation solutions, including integrated dedicated fleets with professional drivers. And, we can provide real-time visibility and collaboration with RyderShare™ technology, so our customers can easily see across their supply chains and take action to avoid costly delays, find efficiency gains, and ultimately, improve resiliency.”
For nearly 30 years, Ryder has provided comprehensive cross-border solutions to customers, including manufacturing support, warehousing and distribution, transportation logistics, customs clearance, Foreign Trade Zone access, and more – all supported by best-in-class security protocols. Ryder also holds key industry certifications, such as C-TPAT and AEO, to ensure faster, more secure trade while reducing inspections and fees for customers.
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 warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 250,000 commercial vehicles and operates nearly 300 warehouses encompassing more than 100 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmental stewardship, 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 regarding operations in Mexico, 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.
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