Ryder Completes Acquisition of Gordon Truck Leasing

September 07, 2008

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Ryder System announced the completion of its acquisition of substantially all the assets of the full service truck leasing, commercial truck rental and contract maintenance businesses of Gordon Truck Leasing in Philadelphia, Pa.

In the transaction, Ryder acquired Gordon's fleet of approximately 430 full service lease units, 45 rental units, and 35 held-for-sale units, serving 130 contract customers. Ryder will continue to operate Gordon's primary multi-customer maintenance location in Philadelphia, as well as three additional single-customer maintenance locations in Bensalem, Pa., Beverly, N.J., and Philadelphia, Pa.

Customers previously served by Gordon in the remaining two overlapping facilities will be consolidated into and served by Ryder's nearest existing locations. The combined network will operate under the Ryder name.

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