Ryder System has announced that it is strengthening its omni-channel fulfillment capabilities through the acquisition of MXD Group, an e-commerce fulfillment provider with a national network of facilities, including last mile capabilities.
For approximately $120 million, Ryder will acquire all of MXD Group’s e-commerce fulfillment facilities in 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 order management and visibility technology, such as 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:
Ryder e-Commerce Fulfillment – With the additional 109 facilities, Ryder’s network now includes 121 e-commerce hubs covering more than 95% of the U.S. and Canada within a two-day delivery timeframe. The network can serve any industry, as it can handle big and bulky products as well as small and large parcels.
Ryder Last Mile – A last mile solution for retailers and shippers of big and bulky products will include home delivery and white glove installation with multiple tiers of service and a network of carriers throughout the U.S. and Canada.
“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,” said Steve Sensing, Ryder President of Global Supply Chain Solutions. “E-fulfillment has become more critical to our customers than ever before, and with this new, expanded footprint, we’ll be better positioned to lead the charge in delivering a complete turnkey solution that not only includes warehousing, distribution, and transportation management, but also home delivery and white glove installation.”