What's Happening?
Ryder System, Inc., a logistics and transportation company, has completed the acquisition of Truck Service Depot, a mobile maintenance business based in Atlanta, Georgia. This acquisition aims to enhance
Ryder's Torque by Ryder™ retail mobile maintenance services across Georgia, aligning with the company's Southeast expansion strategy. Truck Service Depot, founded in 2018, operates with over 20 technicians and two physical locations in Atlanta and Savannah. The acquisition is expected to create synergies and benefit customers by integrating Truck Service Depot's employees, assets, and operations into Ryder's network. Scott Marshall, the founder of Truck Service Depot, will assist in the transition process. The financial terms of the deal were not disclosed.
Why It's Important?
This acquisition is significant as it strengthens Ryder's presence in Georgia, a key logistics hub with high demand for transportation and fleet services. The region's infrastructure, including major interstate corridors and extensive freight rail access, provides exceptional connectivity for commercial fleets. By expanding its mobile maintenance services, Ryder can offer more flexible and rapid solutions to fleets operating in this high-velocity freight corridor. This move supports Ryder's broader strategy to serve high-growth logistics corridors with tech-enabled fleet solutions, enhancing its competitive edge in the logistics and transportation industry.
What's Next?
Ryder plans to integrate Truck Service Depot's operations throughout 2026, ensuring a seamless transition and uninterrupted services for customers. The company will continue to focus on expanding its presence in the Southeast, with recent investments in new facilities in McDonough, Georgia, and Lebanon, Tennessee. These efforts are part of Ryder's commitment to providing comprehensive support to a wide range of vehicles, including commercial trucks, trailers, and emergency response vehicles, across 27 states.
