Company profile

Future of Ryder System

#
Rank
669
| Quantumrun Global 1000

Ryder System Inc. is a US-based transportation and supply chain management company. Commonly known as Ryder, the company is famous for fleet management, dedicated contracted carriage, supply chain management, and especially for rental trucks. Ryder provides its services in Asia, North America, and the United Kingdom. The company headquarters are located in Miami-Dade County in Miami, Florida.

Home Country:
Industry:
Trucking, Truck Leasing
Website:
Founded:
1993
Global employee count:
34500
Domestic employee count:
32600
Number of domestic locations:
800

Financial Health

Revenue:
$6786984000 USD
3y average revenue:
$6665883667 USD
Operating expenses:
$956158000 USD
3y average expenses:
$950179333 USD
Funds in reserve:
$58801000 USD
Market country
Revenue from country
0.87

Asset Performance

  1. Product/Service/Dept. name
    Fleet management solutions
    Product/Service revenue
    4556194000
  2. Product/Service/Dept. name
    Dedicated transportation solutions
    Product/Service revenue
    1020895000
  3. Product/Service/Dept. name
    Supply chain solutions
    Product/Service revenue
    1637850000

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the transportation and logistics/shipping sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, autonomous vehicles in the form of trucks, trains, planes, and cargo ships will revolutionize the logistics industry, allowing cargo to be delivered faster, more efficiently, and more economically.

*This automation will be vital to accommodate the growth in regional and international shipping driven by the economic growth projected for the African and Asian continents—projections that are themselves spurred by their massive population and internet penetration growth forecasts.

*The plummeting price and increasing energy capacity of solid-state batteries will result in a greater adoption of electric-powered commercial aircraft. This shift will lead to significant fuel cost savings for short haul, commercial airlines.

*Significant innovations in aeronautical engine design will reintroduce hypersonic airliners for commercial use that will finally make such travel economical for airlines and consumers.

*Throughout the 2020s, as the e-commerce industry continues to grow in developed and developing countries, postal and shipping services will flourish, less to deliver mail and more to deliver purchased goods.

*RFID tags, a technology used to track physical goods remotely since the 80s, will finally lose their cost and technology limitations. As a result, manufacturers, wholesalers, and retailers will begin placing RFID tags on every individual item they have in stock, regardless of price. Thus, RFID tags, when coupled with the Internet of Things (IoT), will become an enabling technology, enabling the enhanced inventory awareness that will result in significant new investment in the logistics sector.

COMPANY’S FUTURE PROSPECTS

Company Headlines