New multiclient warehouse and cross dock and
expanded drayage yard strategically located at top inland
international trade port
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.
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Ryder’s new 228,000-square-foot
multiclient warehouse and cross dock in Laredo, Texas is
strategically located along the U.S.-Mexico border and is designed
to support the growth in nearshoring. (Photo: Business Wire)
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.
ryder-scs
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version on businesswire.com: https://www.businesswire.com/news/home/20240221427567/en/
Anne Hendricks, amhendricks@ryder.com
Amy Federman, afederman@ryder.com
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