Ryder System Inc., a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it has completed the acquisition of all outstanding equity of Metro Truck & Tractor Leasing (Metro).
Ryder will now operate Metro’s two Maryland facilities in Beltsville and Baltimore, which provide truck leasing, rental, and maintenance services to more than 150 customers with a fleet of approximately 900 units. As part of this acquisition, Ryder purchased mobile maintenance vehicles that will provide maintenance services to customers in and around Baltimore and Washington, D.C. With Ryder Mobile Maintenance, Ryder goes to the customer, wherever they may be, with fully-equipped vehicles that provide customized maintenance to ensure fleet uptime.
The acquisition, completed on June 15, 2018, is expected to be slightly accretive to earnings this year. Ryder anticipates additional earnings improvement in future years due to synergies and operational improvements within the combined companies, as well as from growth opportunities with Metro’s current customers and prospects in the Maryland market.
“This acquisition enables Ryder to support a growing market, where there is increasingly high demand for fleet management services,” said Dennis Cooke, President of Fleet Management Solutions, Ryder. “Customers who are transitioning to Ryder will now have the ability to leverage Ryder’s trusted network of more than 800 service locations and 5,900 trained technicians across the country.”
These two facilities provide strategic additions to Ryder’s network and will support business in the growing Baltimore/Washington markets.
Ryder will operate four maintenance bays and a fuel island with two 10,000-gallon fuel tanks at the Beltsville facility – located at 6730 Industrial Dr. Beltsville, MD 20705. The Baltimore shop, located at 911 West Patapsco Ave Baltimore, MD 21230, is equipped with five maintenance bays and a fuel island that supports two 15,000-gallon fuel tanks. Both locations will operate from 6 a.m. to 11 p.m. Monday through Friday, and from 6 a.m. to 4:30 p.m. on Saturday, offering Ryder’s full portfolio of Fleet Management Solutions, including Ryder ChoiceLease™, Ryder SelectCare™, truck rental, and fuel services.
Ryder is committed to the quality maintenance of its fleet of more than 240,000 total vehicles and to ensuring its customers receive unparalleled customer service. To learn more about Ryder Fleet Management Solutions, visit https://ryder.com/solutions/fleet-leasing.
