Ryder buying Midwest warehouse company, giving it multi-client capabilty

Ryder System made two announcements Wednesday morning, one expected and the other some news.

In addition to announcing record third-quarter earnings, Ryder (NYSE: R) said it was acquiring Midwest Warehouse & Distribution System. 

According to the company’s prepared statement on the acquisition, Midwest has nine multiclient warehouses and eight dedicated-customer warehouses. It described its area of activity as five regions, primarily in Chicago “and to a lesser extent” New York, Pennsylvania,...


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