Ryder Continues Cross-Border Expansion; Opens Another Multiclient Logistics Facility at Top US-Mexico Port
Portfolio Pulse from Benzinga Newsdesk
Ryder System, Inc. (NYSE:R) has opened a new multiclient logistics facility in El Paso, Texas, near the Ysleta Port of Entry, marking its second such facility at a major U.S.-Mexico port in recent months. This expansion aims to support the increasing nearshoring activity, following Mexico's emergence as the U.S.'s top trading partner last year.

April 29, 2024 | 10:56 am
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Ryder System, Inc. expands its logistics operations with a new facility in El Paso, Texas, to support increased trade with Mexico.
The opening of a new logistics facility by Ryder System, Inc. in a strategic location like El Paso, Texas, directly supports the growing nearshoring activity and trade between the U.S. and Mexico. This expansion is likely to enhance Ryder's operational capabilities and efficiency in a critical trade corridor, potentially leading to increased business volume and improved service offerings. Given the strategic nature of this expansion and Mexico's status as the U.S.'s top trading partner, this move is expected to have a positive short-term impact on Ryder's stock price.
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