Ryder System has celebrated 75 years in the transport and supply chain business at its headquarters in Miami-Dade County, Florida. Ryder Chairman and CEO Greg Swienton (pictured) was joined by 800 guests, including a host of dignitaries that included Former Florida governor Jeb Bush and Miami Dolphins player Nat Moore.
Ryder’s origins lie in the Great Depression when Jim Ryder used a 1931 Ford Model A truck to haul concrete in Miami Beach. In true ‘American dream’ fashion Ryder is now a Fortune 500 company worth $6.6 billion and employing more than 28,000 staff.
“This day is meant to celebrate those who have played such an integral part in our success over the years – our employees, our customers, our suppliers and our community,” said Swienton. “We thank them for helping us to continue delivering on our promises."
The celebrations were also used to promote charitable work, with the Ryder Charitable Foundation presenting Nat Moore with a $5,000 cheque for his Nat Moore Foundation, which promotes higher education for youths living in urban communities. The money will go towards scholarships at the Miami Edison Senior high from which both Nat Moore and Jim Ryder graduated.
Ryder’s supply chain division increased operating revenue by 6 per cent in the third quarter of this year while its fleet management segment increased by 11 per cent, but there was some loss as certain customers failed to renew contracts.