- Ryder System, Inc. (NYSE: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.
3 Stocks Insiders Are Buying
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
