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Ryder Supply Chain Solutions history
Ryder Supply Chain Solutions company history timeline
In 1932 James A. Ryder gave up his job as a straw boss in a construction firm and bought a Model A pickup truck with a down payment of $125.
With nothing more than a vision and a $35 down payment on a Model A Ford truck, Jim Ryder started a business hauling concrete in 1933.
Founded in 1933 by L. A. Raulerson, it had grown into the Southeast's largest freight carrier with some routes as long as 1,100 miles.
1937 The fleet expands to 15 trucks.
1949 Ryder’s fleet grows to nearly 500 vehicles.
1952 Ryder acquires its much larger customer, Great Southern Trucking Company, and rebrands its entire fleet with the “Big R” for national reach.
1952 Ryder loads trailers of cargo onto railroad flatcars for the first “piggyback” operation in the southeastern United States
1955 Ryder System, Inc. incorporates as a public company and issues 160,000 shares of common stock at $10 per share.
Ryder System, Inc. was created in 1955 to absorb Ryder Truck Rental and Great Southern, and the new company offered shares to the public.
1957 Ryder expands truck leasing and rental operations into Canada.
1960 Ryder is listed on the New York Stock Exchange.
Ryder System focused on the fast-growing truck-leasing business and, despite common misconceptions, had not operated as a freight carrier since 1965.
In 1967 Ryder began offering one-way truck rental service.
1968 Ryder launches its “one-way” consumer truck rental business to target self-move customers.
1968 Ryder’s commitment to safety and fuel conservation begins long before these concepts became “buzz words.”
1969 Beverly Nannenga becomes Ryder’s first woman driver.
In late 1969 Ryder made a foray into the growing temporary help industry, initially placing office and industrial personnel, and later placing technical help.
In 1970 Ryder purchased Mobile World Inc., a distributor of mobile homes and a mobile-home-park operator and franchiser.
1971 Ryder expands operations to the United Kingdom.
1973 New headquarters location opens.
The oil crisis of 1973 prompted Ryder to purchase Toro Petroleum Corporation of Louisiana to ensure a steady fuel supply for its trucks, but the acquisition proved rash.
Other problems&mdashjustments in the calculation of receivables from the education unit, tax assessments on the mobile home subsidiary, and reserve assessments on the insurance subsidiary--resulted in a 13 cents per share adjustment to Ryder stock following the company's 1973 audit.
The recession of 1973-74 had taken a heavy toll on Ryder's vast contract carriage and automotive carriage operations, which were heavily dependent upon the welfare of the automotive industry.
The truck leasing and rental businesses continued to borrow in order to finance an expanded fleet. Thus, Moody's Investors Service downgraded Ryder's rating on commercial paper in late 1974.
In the summer of 1975, after disposing of such unprofitable subsidiaries as Toro Petroleum and Miller Trailers, Inc., as well as the major portion of the technical schools, James Ryder stepped down as head of the company he had founded.
In 1975 James Ryder, under pressure from the boardroom and his bankers, announced that he was seeking a "more professional manager" to run the still growing company.
In 1977 the company acquired a major automobile carrier, Janesville Auto Transport Company, for $10 million in common stock.
1978 Revenue exceeds $1 billion.
In 1978 a parcel delivery service, Jack Rabbit Express, was acquired.
Ryder trailed U-Haul in this field, and in 1978, a third major competitor, Jartran Inc., joined the field.
During the 1979 downturn in the automotive markets, Ryder's automotive contract carriage unit, representing 16 percent of Ryder System's turnover, made a profit.
By July 1981 Jartran had dumped its commercial leasing division, and the company was foundering.
In September 1981 Ryder System announced its desire to purchase the third largest insurance broker in the United States, Frank B. Hall and Co.
1983 Ryder celebrates 50 years in business.
1983 Truck leasing expands to Germany.
In 1983 Ryder sold its interest in the insurance broker for $33 million.
Ryder System's longstanding desire to enter financial services was satisfied in 1983 when the company became an 80 percent partner in a pension fund specialist, Forstmann, Leff, Kimberly.
In 1983 the Aviation Sales Co.
In 1984, Ryder sold its Truckstops Corporation of America unit for $85 million to free managerial resources for more profitable businesses.
In 1985 Ryder bought Aviall, Inc., a turbine engine repair and overhaul firm located in Dallas.
In 1985 Ryder entered the school-bus leasing business and quickly grew to be the second-largest private student transport company in the United States.
In 1988 revenues from aviation neared $1 billion.
By 1988 just six years after entering the field, Ryder System was the world's largest jet engine overhaul and rebuilding company, the largest aviation parts distributor, and one of the largest aircraft and jet-engine leasing companies.
In 1989 Ryder's growth flattened out, but its potential in its existing areas of operation remained strong.
1992 Ryder establishes a distinct International Operations business unit.
1994 Ryder de Mexico launches with a ceremony at the summer home of Mexico’s president.
1995 Ryder is first named to FORTUNE® magazine’s listing of the 500 largest public companies in the United States
No divestment was larger than the October 1996 sale of the company's consumer truck rental business, its famed yellow Ryder rental truck fleet.
1996 Ryder sells familiar yellow “one-way” consumer rental business, and re-brands its fleet with a new logo and colors to focus on commercial customers.
1997 A survey in FORTUNE® magazine names Ryder the most admired company in the trucking industry.
1999 Chairman and CEO, Tony Burns, hires former Burlington Northern Santa Fe executive, Greg Swienton, to serve as President and Chief Operating Officer.
2000 Operations are reorganized and Greg Swienton’s role expands to President and Chief Executive Officer.
2000 Ryder opens web-enabled transportation management center in Dallas/Fort Worth, Texas to manage customers’ freight shipments through a network of more than 1,500 providers of ground, air, rail and ocean freight shipping.
2001 Ryder launches its Asia-Pacific headquarters, following the acquisition of Singapore-based Ascent Logistics.
2002 Ryder is the first transportation industry to receive the National Safety Council’s highest honor, the Green Cross for Safety medal.
2002 Tony Burns retires from the Board and Greg Swienton is named Chairman.
2003 Ryder acquires United States-based General Truck Leasing and RUAN Leasing Company, and expands international operations into Chile.
2005 Ryder opens smaller, more efficient global headquarters in Miami.
2006 Ryder celebrates 35 Years in the U.K.
2007 Ryder marks its golden anniversary in Canada with the acquisition of Ontario-based Pollock National Lease.
2008 Ryder celebrates its 75th anniversary.
2009 Ryder announces its national charitable partnership with a $1 million donation to the American Red Cross.
2010 Ryder selected as fleet partner in groundbreaking heavy-duty natural gas truck project in Southern California - the first time natural gas vehicles will be deployed into a large commercial truck rental and leasing operation.
2011 Ryder acquires three truck fleet management businesses in California (Carmenita Leasing, Inc., The Scully Companies, Inc., and B.I.T. Leasing Inc.), increasing the company’s presence in the western United States
2012 Company launches RydeSmart® 3.0, the next generation of its innovative onboard telematics system to provide greater usability and vehicle intelligence to fleet management end users.
2014 Ryder unveils its first advertising campaign in nearly 20 years, using a new tagline “Ever better” to highlight its expansive array of services for business.
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