Ryder System, Inc. Expands Operations to Fuel Cross-Border Trade Growth in Laredo and Nuevo Laredo

3 min read

MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a prominent player in supply chain solutions, dedicated transportation, and fleet management, announces the inauguration of a new logistics hub in Laredo, Texas, and the expansion of its drayage yard in Nuevo Laredo, Mexico. These strategic moves come as Laredo and Nuevo Laredo emerge as pivotal hubs for transborder trade between the United States and Mexico, following Mexico’s ascent to become the top U.S. trading partner last year. Ryder’s enhanced facilities are poised to bolster manufacturing growth while facilitating seamless cross-border transportation.

The newly constructed 228,000-square-foot multiclient warehouse and cross dock in Laredo stand strategically just three miles from the World Trade Bridge on the U.S.-Mexico border, offering convenient interstate access in both directions. Boasting 102 dock doors and space for 143 trailers, this facility is designed to optimize operational efficiency. Moreover, its proximity to Ryder’s existing operations in Laredo within a six-mile radius allows for enhanced flexibility through resource pooling and overflow management.

Ricardo Alvarez, Vice President of Supply Chain Operations for Ryder Mexico, highlights the increasing demand for nearshoring amid a shifting landscape, stating, “Truck border crossing activity between the U.S. and Mexico has surged by over 20% annually since the pandemic. More businesses are turning to nearshoring to diversify their supply chains and reduce lead times.” He underscores Mexico’s logistical advantages, emphasizing the rapid transit of goods from manufacturing facilities to final-mile distribution centers.

In parallel, Ryder is expanding its drayage yard in Nuevo Laredo, facilitating seamless freight transfer across the border for U.S. drivers. With over 250,000 freight movements annually across the Mexican border, Ryder Mexico supports a diverse array of industries, including automotive, industrial, technology, and consumer packaged goods.

Frank Bateman, Vice President of Supply Chain Operations for Ryder, underscores the company’s commitment to scalability and flexibility in meeting evolving customer needs. He states, “Our new multiclient warehouse in Laredo serves as an excellent entry point for customers seeking scalable logistics solutions. As demands evolve, we seamlessly transition them into dedicated warehouses, offering a flexible mix of transportation solutions and real-time visibility through RyderShare™ technology.”

For nearly three decades, Ryder has been a trusted partner in providing comprehensive cross-border solutions, including warehousing, distribution, transportation logistics, customs clearance, and more. The company’s industry-leading practices in security, compliance, and sustainability ensure streamlined trade operations for customers.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company providing innovative supply chain solutions across the United States, Mexico, and Canada. With a robust portfolio encompassing warehousing, distribution, e-commerce fulfillment, last-mile delivery, and fleet management, Ryder continues to drive industry excellence through technology-driven innovations and a commitment to environmental stewardship and social responsibility. Visit www.ryder.com for more information.

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.


View source version on businesswire.com: https://www.businesswire.com/news/home/20240221427567/en/

Leave a Reply

Your email address will not be published. Required fields are marked *