Ryder Acquires Last-Mile Delivery Carrier MXD Group
Ryder System Inc. is acquiring all of the outstanding equity of MXD Group, an e-commerce fulfillment provider, with its North American network of facilities, including last-mile capabilities.
The Transaction price for New London, Ohio-based MXD Group is about $120 million.
With the acquisition, Miami-based Ryder becomes the second-largest last-mile delivery provider of big and bulky goods. Ryder is obtaining MXD’s 109 e-commerce fulfillment facilities in the United States and Canada, which includes 21 MXD-operated cross-dock hubs, 16 dedicated operations and its network of 72 third-party agent facilities. Ryder’s operations now will cover more than the 95% of the United States and Canada with two-day delivery service, for big and bulky products as well as small and large parcels.
“This acquisition provides Ryder the opportunity to tap into an established network in the U.S. and Canada serving manufacturers, retailers and their customers, who have come to expect rapid deliveries,” Ryder Global Supply Chain Solutions President Steven Sensing said. “E-fulfillment has become more critical to our customers than ever before, and with this new, expanded footprint, we’ll be better positioned to lead the charge in delivering a complete turnkey solution that not only includes warehousing, distribution and transportation management but also home delivery and white-glove installation.”
Ryder Supply Chain Solutions ranks No. 13 on the Transport Topics Top 100 list of the largest for-hire carriers in North America and No. 7 on the Transport Topics Top 50 list of the largest logistics companies in the U.S. and Canada.
