Acquiring Company
Ryder System
Acquired Company
Cardinal Logistics
Coral GablesConcordTransportationLogisticsTransportation, Logistics, Supply Chain and StorageDescription
Ryder System, Inc. has completed the acquisition of Cardinal Logistics, further strengthening its leading position as a customized dedicated contract carrier in North America. The acquisition will enable Ryder to accelerate profitable growth in its dedicated business and create synergies for both Ryder and Cardinal customers. The transaction includes the full integration of Cardinal operations, facilities, and equipment into Ryder's dedicated transportation, fleet management, and supply chain businesses.
Quick answer
Ryder System is acquiring Cardinal Logistics, announced February 1, 2024. Ryder System is based in Coral Gables, Florida, United States.
- How much did Ryder System pay for Cardinal Logistics?
- The deal value was not disclosed.
- What does Ryder System do?
- Ryder System, Inc. is a global logistics and transportation company founded in 1933 in Miami, Florida.
- Where are Ryder System and Cardinal Logistics based?
- Ryder System is based in Coral Gables, Florida, United States. Cardinal Logistics is based in Concord, North Carolina, United States.
- Who are the decision-makers at Ryder System?
- Fundz holds 1 contact at Ryder System. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Transportation and Logistics
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- TFI International Inc. completes acquisition of Hercules Forwarding, Inc. to strengthen US LTL portfolio and add cross-border LTL into Canada (March 11, 2024)
- eShipping Announces Closing of Two Strategic Acquisitions (February 27, 2024)
- Forward Air Amends Agreement to Acquire Omni Logistics (January 22, 2024)
- Rock-it Cargo Acquires SOS Global to Create the Largest Specialty Logistics Provider in the Sports and Broadcast Market (February 1, 2024)
- KODIS Acquires Empire Freight Logistics to Strengthen and Diversify Service Offering (January 23, 2024)
- IINX to Acquire Dalian Huagang in Strategic Logistics Move (January 18, 2024)
Who to call at Ryder System, and when
When Ryder System changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Ryder System raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ryder System, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Cardinal Logistics?
Cardinal Logistics was acquired by Ryder System, based in Coral Gables. The deal was reported on February 1, 2024. Ryder System, Inc. is a global logistics and transportation company founded in 1933 in Miami, Florida. Ryder System is publicly traded (R) and operates in Transportation.
When did Ryder System acquire Cardinal Logistics?
Ryder System's acquisition of Cardinal Logistics was reported on February 1, 2024. Ryder System, Inc. has completed the acquisition of Cardinal Logistics, further strengthening its leading position as a customized dedicated contract carrier in North America. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cardinal Logistics do?
Cardinal is an award-winning top 10 contract carrier and top 25 logistics provider offering fleet outsourcing, transportation management, last mile services, and integrated transportation IT solutions. It is privately held, operating in Transportation, Logistics, Supply Chain and Storage, and is based in Concord.
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