Fleet management and supply chain firm Ryder System has strengthened its last mile network with the $120mn purchase of MXD Group.
The acquisition makers Ryder is the second largest last mile delivery provider of big and bulky goods in the US
Ryder has acquired 109 MXD e-commerce fulfillment facilities across the U.S. and Canada, including 21 MXD-operated cross dock hubs, 16 dedicated operations, and a network of 72 third-party agent facilities.
The acquisition also includes proprietary order management and visibility technology, which features real-time tracking and a customer service portal for rapid response and resolution.
This significantly expands Ryder’s omni-channel fulfillment capabilities in two key areas:
“As many industries continue to be disrupted by the growth of e-commerce, Ryder remains at the forefront of helping our customers find new solutions,” said Robert Sanchez, Ryder Chairman & CEO.
“This acquisition will enable many of the businesses we serve to better meet their customers’ demands, which are constantly and rapidly changing amid a heightened e-commerce era.
“The acquisition of MXD is one of several strategic investments we are making to overcome the disruptions we are seeing in the market today and to position Ryder for future growth.”