With evolving state and federal legal requirements, and potential mandates, aimed at converting commercial diesel vehicles to zero-emission vehicles , Ryder customers frequently ask about the costs and benefits of incorporating electric vehicles into their fleets. As a result, Ryder conducted this analysis to determine the cost of EV conversion in today’s market. Click the link below to download the analysis. Key Highlights: We analyzed the total cost to transport (TCT), in one-to-one comparisons, for transitioning Class 4 (light-duty), Class 6 (medium-duty), and Class 8 (heavy-duty) vehicles operating in California and Georgia from internal combustion engines (ICE) to EVs in today’s market. Then, because most companies have more than one commercial vehicle, we examined the TCT for transitioning a mixed fleet (light, medium, and heavy) of 25 ICE vehicles to EVs. The mix was based on the overall mix of commercial vehicles in the U.S. according to Polk Data Services. The analysis is based on representative network loads and routes from Ryder’s dedicated fleet operations, which includes more than 13,000 commercial vehicles and professional drivers, as well as the impact of EV charging time and maximum payload to achieve equivalent delivery times. Our quantitative results show a relatively modest increase of up to 5% for light-duty EVs, and increases from 94% to 114% to convert heavy-duty trucks and from 56% to 67% to convert mixed fleets. Assuming that the price of goods would increase due to higher transportation costs, based on the cost impact to convert a mixed fleet from ICE to EV, we estimate these increases could cumulatively add approximately 0.5% to 1% to overall inflation.
Ryder System, Inc.
Transportation, Logistics, Supply Chain and Storage
Miami, FL 142,317 followers
Ever better.
About us
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and commercial 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, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 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
- Website
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http://www.ryder.com
External link for Ryder System, Inc.
- Industry
- Transportation, Logistics, Supply Chain and Storage
- Company size
- 10,001+ employees
- Headquarters
- Miami, FL
- Type
- Public Company
- Founded
- 1933
- Specialties
- Transportation, Logistics and Supply Chain, Truck leasing, Truck maintenance, Truck rental, Truck sales, Integrated logistics, Warehousing and distribution, Fueling, Final Mile Delivery, Electric Vehicle Maintenance, Mobile Maintenance, Used Truck Sales, Cross Border Solutions, Supply Chain, 3PL, E-commerce Fulfillment, Technology, Nearshoring, Talent Management, Omnichannel Fulfillment, Warehouse Automation, Warehouse Robots, EV, Electric Vehicles, and Last Mile
Locations
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Primary
11690 NW 105th Street
Miami, FL 33178, US
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5865 Fulton Industrial Blvd SW
Atlanta, GA 30336, US
Employees at Ryder System, Inc.
Updates
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Reverse logistics continues to evolve to keep up with customer demand. Today's customers want immediate resolutions to their problems, so less time wasted initiating and finalizing returns equals more money saved and happier customers in the long run. We dive into the latest trends in reverse logistics and returns management in our latest blog article below. #Returns #reverselogistics #supplychain #ecommerce #lastmile #logistics
Harnessing New Trends in Reverse Logistics
ryder.com
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Ryder is proud to be included in Newsweek’s list of America’s Greatest Workplaces. This honor reflects our commitment to cultivating a positive, inclusive, and innovative work environment for our employees. #AmericasGreatestWorkplaces #RyderCareers
Ryder Honored Among Newsweek’s America’s Greatest Workplaces for 2024
newsroom.ryder.com
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Flexible warehousing options are crucial for managing surplus inventory in today's landscape. This scalable #warehousing allows businesses to adjust storage capacity as needed, ensuring you can accommodate excess stock without overcommitting to long-term #storage solutions. Check out our latest article to learn more. #supplychain #logistics #retail #ecommerce
Overcoming Surplus Stock Challenges
Ryder System, Inc. on LinkedIn
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We’re excited that Ryder is on the cover of the July issue of T21 Grupo Comunicación y Medios, marking our 30th anniversary of operations in Mexico! A big thank you to our Mexico team, customers, and partners for your trust and continued support. Here’s to more achievements and growth together! #RyderMexico #Anniversary #30Years #Everbetter #3PL #Logistics
🌎En nuestra edición de julio relatamos la historia de #RyderMéxico que celebra 30 años de mantener un desarrollo constante para ser aliado del supply chain, convirtiéndose en un socio regional a lo largo de esta trayectoria. #GrupoT21 #RevistaT21 #Julio
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Ryder System, Inc. reposted this
We are thrilled to announce that Ryder System, Inc. has renewed its Gold Level Partnership! “Our goal is to be a valuable resource and powerful community for our members to tap into,” said Jennifer Hedrick, WIT president and CEO. “Influential company leaders like Ryder enable us to continue to make a lasting impact on gender diversity issues in the industry and to advance our mission. We are grateful for their continued support.” 👏 Read the official announcement: https://hubs.la/Q02GzmQS0 #WomenInTrucking
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We're excited to announce that Ryder is acquiring Pit Stop Fleet Service, which will significantly expand and strengthen our Torque by Ryder retail mobile maintenance business. #TorqueByRyder #EraofUptime #PoweringMaintenance
Ryder to Acquire Pit Stop Fleet Service
newsroom.ryder.com
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Proud to be part of this readers' choice award for Top 10 3PLs by Inbound Logistics! A sincere thank you to all who voted!
" 🚛 ✨ Every year, the Inbound Logistics audience votes on the #TOPTEN #3PL Providers in the industry! Today, we are thrilled to announce your Top Ten for 2024! 🎉🚚Congratulations to: ✨ 10. SEKO Logistics ✨ 9. Brown Integrated Logistics ✨ 8. R2 Logistics ✨ 7. Ryder System, Inc. ✨ 6. Ruan Transportation Management Systems ✨ 5. DHL ✨ 4. Sunset Transportation ✨ 3. Hub Group ✨ 2. Kenco Group ✨ 1. Echo Global Logistics Your hard work and dedication to excellence in #logistics and #supplychain have set the bar high! Here's to another year of exceptional service! #logistics #supplychain #topten #3PL #SekoLogistics #BrownIntegratedLogistics #R2Logistics #RyderSupplyChain #RuanTransportation #DHL #DHLSupplyChain #SunsetTransportation #HubGroupInc #KencoGroup #EchoGlobalLogistics
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Generative AI isn’t just about content creation. And it is taking #supplychains by storm. For one, it can analyze large datasets and market trends to help logistics professionals make smarter decisions. Here are some key applications: Demand Forecasts: Predicting demand accurately is crucial for efficient inventory management. Generative AI can crunch data to provide more accurate forecasts, reducing excess inventory and stockouts. Optimal Routes: Whether it’s picking routes within a warehouse or planning shipping routes across the globe, generative AI can optimize logistics operations. It considers factors like traffic, weather, and delivery windows to find the best path. Risk Assessment: Identifying potential risks—such as supply chain disruptions, delays, or quality issues—is essential. Generative AI can analyze historical data and external factors to assess risks and recommend mitigation strategies. Read our latest blog article to learn how you and your operation can benefit from #AI
AI in the Supply Chain: Predict, Prepare, Mitigate
ryder.com
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Excited for day 2 of The Lead Summit in New York City today. We're proud to sponsor this event that brings together retailers of all sizes. If you are here, be sure to stop by our booth and say hello. #ecommerce #retail #supplychain #logistics