Ryder System Inc. is a US based company providing supply chain management and transportation products and services. Apart from the affordable Ryder rental prices, the company is well known for its rental truck fleet and contact chain management, and the company also offers a contracted carriage service in North America, the UK and many countries in Asia, with headquarters at Miami, Florida in the Miami-Dade County.
Below are the latest Ryder rental prices.
Truck Rental Per Day
|Metro van||$89.95 plus $0.49 per mile|
|City Van||$95.95 plus $0.49 per mile|
|Straight Truck||$120.95 plus $0.59 per mile|
Fleet Management Business
Ryder truck rental prices depend on the type of service one avails of. Currently it is divided into three segments: the aforementioned dedicated contract carriage, supply china solutions and fleet management solutions. The fleet management service is its largest segment, and Ryder truck rental cost and fees make up around 70% of its revenue which amounts to more than $4 billion yearly.
The Ryder truck rental business is set up in such a way that it encompasses contract based full service lease, fleet support services, commercial rental and contract maintenance. Ryder has full control over the trucks and has the final say regarding where they go.
Under contract management, Ryder is responsible for the trucks’ maintenance, while the white Ryder trucks fall under commercial rentals whereby customers can enter into a contract and rent the trucks. This is one of the company’s most popular services, and it’s been marked by a 40% increase in recent years owing to demand. A number of support services are provided as well including fuel, vehicle permits and insurance.
In 2011, Ryder purchased B.I.T. Leasing from Hayward, California, and that same year also bought Carmenita Leasing, Inc.’s rental and full leasing businesses in Santa Fe. In a bid to expand its services even more, Ryder also bought the dedicated contract carriage business, commercial rental, maintenance and service lease from The Scully Companies, Inc. in Fontana.
Types of Rental Services
As Ryder trailer rental services expanded, the types of rental they provide diversified as well. The company presently has a wide range of van rentals available including Metro Vans designed for light duties with sufficient cargo space, head room and fuel efficiency. They also have City Vans for rental, another light duty fleet that’s easy to park and maneuver, and ideal for carrying small loads in urban areas. Finally, they have a refrigerated van for transporting cargo that need to be kept cold.
Other rental services include:
- Straight Trucks: these are the trucks used for carrying a variety of cargo, while refrigerated trucks are designed for hauling temperature sensitive materials. Stake trucks meanwhile, have removable hydraulic lifts and stakes that make it easy to lift gates, essential for quick loading and unloading.
- Ryder also has tractor services, with the single axle tractors built for long distances while providing superior performance, uptime and reliability. Ryder also provides tandem axle tractors for carrying heavy loads on rugged terrain. Finally, their tandem axle sleepers are built for long hauls with emphasis on driver comfort.
- Semi-trailer rentals are also available, with dry trailers built for the safe delivery of cargo. Flatbed trailers are also available in different specs and construction, and there are also refrigerated trailers for sensitive cargo.
The company’s supply chain business make up around 25% of its revenue, and it is made up of their customer supply chain management. Different types of services are available, but basically customers own the trucks and Ryder tells them where to go. As of 2008, the company has a warehouse space of more than 15,000,000 square feet.
In 2010, the company purchased TLC, a Michigan based supply chain services firm, and the company has announced plans to further expand this line of service. Ryder also offers customers a convenient way to order truck parts, and unlike other companies you can place an order, get the shipment and do the processing with a single invoice.
Dedicated Contract Carriage
Ryder’s dedicated contract carriage business makes up around 10% of the company’s revenue, and it is mostly concerned with supply chain and leasing management. Since its launch, the dedicated contract carriage has expanded, and in 2013 Ryder revamped it and gave a new name, Ryder Dedicated.
Ryder headquarters is in Miami-Dade County, Florida in the northwest, right at the boundary line between Broward County and Miami Dade-County. Prior to this relocation, their headquarters was at Doral, Florida.
Ryder was established in 1933 by James Ryder in Miami, Florida, starting with a single 1931 Model “A” Ford truck. The company quickly grew and Ryder decided to switch to distribution and leasing, and the 1950s saw Ryder purchase the Great Southern Trucking Company and went public.
The 1960s and 1970s saw the company expand operations even more, going into the supply chain and distribution markets. As a sign of the company’s dominance, they were able to purchase three of their competitors in 2008, Gator Leasing, Lily Transportation and Pollock.