Ryder Continues Cross-Border Expansion; Opens Another Multiclient Logistics Facility at Top U.S.-Mexico Port
MIAMI , April 29 /Businesswire/ - 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.
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Ryder opens multiclient logistics facility in El Paso, Texas, strategically located along critical U.S.-Mexico trade corridor to support growth in nearshoring and cross-border trade. (Photo: Business Wire)
“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 site in El Paso also has the advantage of being strategically located along a popular stopping point for trucks, not only heading north and south across the border but for domestic loads heading east and west along I-10.”
Ryder’s newly built 50,000-square-foot multiclient logistics facility is located less than five miles from the U.S.-Mexico border and less than 15 miles from the airport with easy interstate access in all directions. It provides cross-dock services, including consolidation and de-consolidation, ambient storage for imports and exports, 24/7 yard operations, and value-added services. The new facility has 20 dock doors and room for 350 trailers with all-access CCTV throughout.
“The new El Paso site is just across the border from Juárez, Mexico, which is the most important industrial market along the border, with more than 300 export-oriented manufacturing plants that produce everything from car components to snack foods,” says Ricardo Alvarez, vice president of supply chain operations for Ryder Mexico. “It’s one reason Mexico is so attractive to companies looking to diversify their supply chains – that, and the proximity to the U.S. Put what you need on a truck, and you can have it at your U.S. distribution center within days, not weeks or months.”
In February, Ryder announced the opening of a 228,000-square-foot multiclient warehouse and cross dock in Laredo, center just three miles from the World Trade Bridge, and expansion of its drayage yard in Nuevo Laredo, Mexico, which facilitates the transfer of freight across the border to U.S. drivers.
“We’ve been building our cross-border capabilities in Mexico for nearly three decades. It takes years to develop relationships in manufacturing and with Mexican carriers, as well as customs and compliance expertise to ensure faster, more secure border crossings,” says Steve Sensing, president of supply chain and dedicated transportation solutions for Ryder. “And, with our fully integrated supply chain and transportation solutions, backed by best-in-class security protocols and our end-to-end visibility technology, we can seamlessly speed our customers products from the manufacturing floor to the end-consumer’s door.”
Ryder manages more than 250,000 freight movements annually across the Mexican border, supporting customers in the automotive, industrial, technology, and consumer packaged goods industries. The company also operates approximately six million square feet of multiclient and dedicated warehouse space across Mexico and provides comprehensive cross-border solutions, including manufacturing support, warehousing and distribution, transportation logistics, cross-border drayage, 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 cross-border trade while reducing inspections and fees for customers.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, 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, services fleets at 760 maintenance locations, and operates nearly 300 warehouses encompassing more than 100 million square feet. Ryder is regularly recognized for its industry-leading practices; technology-driven innovations; corporate responsibility; environmental management; safety, health 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.
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