|
|
Article: Ryder sells hauler unit, shifts focus to logistics. (Ryder Systems Inc.'s Ryder Automotive Carrier Services Inc.)
- Article from:
- Automotive News
- Article date:
- June 2, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Ryder System Inc. is running full throttle into the fast-growing field of automotive logistics, where trucking, warehousing and just-in-time parts distribution are linked in a web of computer technology.
To tighten its focus on logistics, Ryder last week announced the sale of its car-hauling division, which was the market leader.
The Miami-based company is selling Ryder Automotive Carrier Services Inc. to Allied Holdings Inc. of Decatur, Ga., for $114.5 million in cash. If approved, the Ryder acquisition would make Allied the largest vehicle-hauling company in North America with a projected $1 billion in revenue and, by the company's estimate, about 50 percent ...