Ryder Expands Freight Brokerage Business
[Stay on top of transportation news: Get TTNews in your inbox.]
Ryder System Inc. is expanding its freight brokerage business with the addition of new offices, the company announced June 16.
The Miami, Fla.-based transportation and logistics company opened an office in Nashville, Tenn. Ryder noted the location is a burgeoning logistics hub. It plans on opening two additional locations in 2023. The company hopes to build upon its 175% year-over-year revenue growth in freight brokerage.
“With market fluctuations, sky-high transportation rates, a capacity crunch and a driver shortage, shippers are turning to our logistics expertise, our asset-based solutions, relationships with vetted carriers, and our buying power to keep their goods moving,” said Kevin Clonch, group director of transportation management at Ryder. “By expanding our freight brokerage operations, we also bolster our broader transportation solution, so we can offer our customers even more flexibility with additional lanes and hard-to-find capacity in tight markets.”
With a newly opened office in Nashville, Tennessee, Ryder rolls out plans to expand its freight brokerage operations in key U.S. logistics hubs. Read the latest news from Ryder by clicking below.https://t.co/Td4bIa0Vdc#RyderExpansion #FreightBrokerage — Ryder (@RyderSystemInc) June 16, 2022
Ryder said the expansion is part of its strategy to grow its broader transportation solution. Those operations include several levels of service and capacity from freight brokerage to transportation management and dedicated transportation.
“We want the best in the business — people who are experts in using technology to drive strategy and create added value for customers while also quarterbacking the life cycle of each load to ensure a smooth experience for both customer and carrier,” Clonch said. “We focus on service, service, service. Because, even with the best technology and the best-laid plans, there will be times when customers and carriers need to pick up the phone.”
Ryder Supply Chain Solutions ranks No. 11 on the Transport Topics Top 100 list of the largest for-hire carriers in North America. — Transport Topics
Want more news? Listen to today's daily briefing below or go here for more info:
