Ryder Acquires E-Commerce and Omnichannel Fulfillment Provider Dotcom Distribution - Seite 2

“We look forward to welcoming Dotcom Distribution’s customers into the Ryder family of brands and capitalizing on the synergies created with the acquisition, as well as the improved scalability, flexibility, and speed-to-market that our omnichannel and e-commerce fulfillment technology delivers,” says Jeff Wolpov, senior vice president of Ryder E-commerce by Whiplash.

Ryder’s e-commerce and omnichannel fulfillment solution now delivers to 100% of the U.S. within two days and 60% of the U.S. within one day.

For the Dotcom Distribution transaction, Wofford Advisors LLC acted as strategic advisor and Gunster acted as legal counsel for Ryder. G2 Capital Advisors acted as exclusive financial advisor and Stradley Ronon served as legal counsel to Dotcom Distribution.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 239,000 commercial vehicles and operates more than 330 warehouses, encompassing more than 80 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety 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 with respect to expanding our e-fulfillment network, diversifying our portfolio, the performance of our omnichannel and e-commerce fulfillment technologies, and the expected synergies of the transaction, 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.

ryder-scs

ryder-organization

View source version on businesswire.com: https://www.businesswire.com/news/home/20221101006080/en/

The Ryder System Stock at the time of publication of the news with a raise of +3,05 % to 84,50USD on Tradegate stock exchange (01. November 2022, 22:26 Uhr).