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Benzinga
Benzinga
Business
Akanksha Bakshi

Ryder Opens New Freight Brokerage Office In Nashville

Ryder (Organization) Nashville NYSE Fort Worth Michigan Novi (Geopolitical Entity) Tennessee Texas United States
  • Ryder System, Inc. (NYSE:R) expands its freight brokerage business with a new office in Nashville, Tennessee, a burgeoning U.S. logistics hub, followed by two additional locations planned to open in 2023.
  • Ryder now has freight brokerage offices in Novi, Michigan, and Fort Worth, Texas, as well as the new Nashville location, which opened in April.
  • This expansion is part of Ryder’s strategy to grow its broader transportation solution.
  • The company saw over 175% year-over-year gross revenue growth in its freight brokerage operations in 2021.
  • Price Action: R shares are trading lower by 5.44% at $72.09 on the last check Thursday.
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