Ryder System Inc. Acquires Impact Fulfillment Services

Why It Matters:

This acquisition is significant as it expands Ryder's capabilities in the logistics sector and has the potential to boost its revenue. It also highlights the ongoing consolidation within the transportation and logistics industry.

The Details:

• Ryder System Inc. is acquiring Impact Fulfillment Services, a third-party logistics company based in Burlington.

• The transaction is expected to contribute approximately $250 million in annual total revenue to Ryder's supply chain solutions business segment.

• Impact Fulfillment Services, founded by Todd Porterfeld in 1998, will retain its employees and continue its operations under Ryder's ownership.

• Todd Porterfeld, the founder of Impact Fulfillment Services, will retire following the acquisition.

Conclusion:

Ryder's acquisition of Impact Fulfillment Services strengthens its position in the logistics industry and has the potential to increase its annual revenue substantially. This move aligns with the ongoing consolidation trend in the transportation and logistics sector.