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Ryder (R) Boosts E-Commerce Portfolio With MXD Group Buyout
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Ryder System, Inc. (R - Free Report) recently completed the acquisition of MXD Group for $120 million. The acquired company was an e-commerce fulfillment provider, offering a worldwide network of facilities and last mile capabilities.
Benefits of the Buyout
Per the agreement, Ryder acquired 109 MXD e-commerce fulfillment facilities across the United States and Canada. Additionally, the leading commercial fleet management, dedicated transportation and supply chain solutions company has obtained 21 MXD-operated cross dock hubs, 16 dedicated operations and a network of 72 third-party agent facilities.
Following the MXD Group consolidation, Ryder now possess a proprietary order management and visibility technology, featuring real-time tracking and a customer service portal for quick response and solution.
The buyout uplifts Ryder to the second spot in last mile delivery of big and bulky goods. It also expands the company’s e-Commerce fulfillment network. Following the addition of 109 e-commerce facilities, Ryder’s network now consists of 121 e-commerce hubs, enclosing more than 95% of the United States and Canada and offering a two-day delivery timeframe. The buyout provides the acquirer with an opportunity to establish its foothold in the United States as well as Canada and places the company well for future growth.
The transaction is anticipated to be partly accretive to earnings in the current year. However, the company hopes to witness earnings growth from the integration in the coming years.
Shares of AZUL, Cathay Pacific Airways and United Continental have gained more than 17%, 10% and 7%, respectively, in the last six months.
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Ryder (R) Boosts E-Commerce Portfolio With MXD Group Buyout
Ryder System, Inc. (R - Free Report) recently completed the acquisition of MXD Group for $120 million. The acquired company was an e-commerce fulfillment provider, offering a worldwide network of facilities and last mile capabilities.
Benefits of the Buyout
Per the agreement, Ryder acquired 109 MXD e-commerce fulfillment facilities across the United States and Canada. Additionally, the leading commercial fleet management, dedicated transportation and supply chain solutions company has obtained 21 MXD-operated cross dock hubs, 16 dedicated operations and a network of 72 third-party agent facilities.
Following the MXD Group consolidation, Ryder now possess a proprietary order management and visibility technology, featuring real-time tracking and a customer service portal for quick response and solution.
The buyout uplifts Ryder to the second spot in last mile delivery of big and bulky goods. It also expands the company’s e-Commerce fulfillment network. Following the addition of 109 e-commerce facilities, Ryder’s network now consists of 121 e-commerce hubs, enclosing more than 95% of the United States and Canada and offering a two-day delivery timeframe. The buyout provides the acquirer with an opportunity to establish its foothold in the United States as well as Canada and places the company well for future growth.
The transaction is anticipated to be partly accretive to earnings in the current year. However, the company hopes to witness earnings growth from the integration in the coming years.
Ryder System, Inc. Price
Ryder System, Inc. Price | Ryder System, Inc. Quote
Zacks Rank & Key Picks
Ryder carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are AZUL SA (AZUL - Free Report) , Cathay Pacific Airways Ltd. (CPCAY - Free Report) and United Continental Holdings, Inc. (UAL - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of AZUL, Cathay Pacific Airways and United Continental have gained more than 17%, 10% and 7%, respectively, in the last six months.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>