Ryder opens a maintenance facility
On September 20, premier road transporter Ryder System (R) announced the opening of a new full-service maintenance facility in Reading, Pennsylvania.
Reading is a transportation hub where many railroad companies provide rail freight services. Ryder’s new facility provides access to key trucking highway Route 61, which connects the area to the I-78 and the I-81.
About the facility
Ryder stated that Reading has proximity to various prominent highways in the region. This proximity makes the city a strategic hub for truck freight. The trucker intends to provide a broad array of services, including expanded truck maintenance services, rentals, and lease solutions, through the Reading facility.
The Reading facility has the advanced capabilities to offer maintenance to a variety of diesel and advanced fuel vehicles for Ryder’s ChoiceLease and rental customers. The facility also offers natural gas and electric vehicle maintenance across 11 compliant workstations. Plus, the facility provides a two-lane diesel fuel service island and electric vehicle charging stations for its customers.
The Reading facility features a 3,000-square-foot detached drive-through wash bay with a fully automated gantry wash system. In addition, the site also has a lube equipment room and a battery-charging room with mezzanine storage.
Ryder System offers solutions for commercial fleet management, supply chain management, and dedicated transportation. The company has operations in North America and the United Kingdom. A total of 51 ETFs have Ryder in their portfolios.
The First Trust Industrials/Producer Durables AlphaDEX ETF (FXR) holds 1.72% in the company. Other major road transporters included in FXR’s portfolio are Expeditors International of Washington (EXPD) at 1.69%, Schneider National (SNDR) at 1.58%, and Knight-Swift Transportation (KNX) at 1.55%.