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Ryder Continues Cross-Border Expansion; Opens Another Multiclient Logistics Facility at Top U.S.-Mexico Port [Yahoo! Finance]

Ryder System, Inc. (R) 
Last ryder system, inc. earnings: 4/29 07:55 am Check Earnings Report
US:NYSE Investor Relations: investors.ryder.com
Company Research Source: Yahoo! Finance
MIAMI, April 29, 2024 BUSINESS WIRE Ryder System, Inc. (NYSE: R), a leader in supply chain dedicated transportation , and fleet management solutions, announces the opening of a second multiclient logistics facility at a top U.S.-Mexico port in as many months. The newest site is in El Paso, Texas near the Ysleta Port of Entry, the largest commercial port in the El Paso district and a critical trade corridor for northbound goods out of Juarez, Mexico. The facility is designed to support the growth in nearshoring activity, after Mexico's rise last year to the U.S.'s number one trading partner. "If you look at the latest numbers , U.S. trade with Mexico is at nearly $800 billion annually, and the Ysleta port processes about nine to 10% of that. It's second only to the Port of Laredo, Texas, which processes nearly 40% of goods crossing the border – and where we recently opened another new logistics center," says Frank Bateman, vice president of supply chain operations for Ryder. "The si Show less Read more
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