Ryder Opens Third Multiclient Distribution Center In Columbus

Ryder System, Inc. R opened a third multiclient omnichannel distribution center in Columbus, Ohio.
The center is ~440,000 square feet and is the largest Ryder e-commerce distribution center in the Columbus area.
"This latest expansion aligns with our broader strategy to get ever-closer to the end consumer to continually improve our customers' speed-to-market, which is critical in today's highly competitive environment," commented Steve Sensing, president of global supply chain solutions for Ryder.
The facility features 42 cross-dock positions, 99 trailer spaces and offers a full range of logistics and value-added services. It also features automation enhancements.
To support the new distribution center, Ryder expects to recruit a team of approximately 250 people to fill various positions.
Price Action: R shares are trading lower by 0.51% at $67.12 on Monday's last check.