Ryder System Announced Expansion Of Its Multiclient Warehouse Network, Adding A 400,000-square-foot Distribution Center In Aurora, Ill
Portfolio Pulse from Benzinga Newsdesk
Ryder System, Inc. (NYSE:R) has expanded its multiclient warehouse network by adding a 400,000-square-foot distribution center in Aurora, Illinois. The new facility, which opened in August, is the latest addition to a six-building campus totaling 2.4 million square feet. The campus primarily serves shippers of consumer packaged goods.
October 05, 2023 | 11:04 am
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Ryder System's expansion of its multiclient warehouse network could potentially increase its capacity to serve more clients, potentially leading to increased revenues.
The expansion of Ryder System's warehouse network indicates a potential increase in its capacity to serve more clients. This could lead to increased revenues in the short term, which would likely have a positive impact on its stock price.
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