TN: Ryder Supply Chain to Invest $16.5M to Expand, Create 606 Jobs
12 Aug, 2015
Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Ryder Supply Chain Solutions officials announced the company will expand its warehousing, transportation, kitting and assembly operations in Spring Hill. The announcement represents an investment of $16.5 million and the creation of 606 new jobs in Maury County.
“Tennessee’s central geographic location and incredible logistics infrastructure offer companies around the world a great setting for growth and success,” Haslam said. “Our goal to make Tennessee the No. 1 location in the Southeast for high quality jobs is made possible with the support of companies like Ryder, and we want to thank them for choosing to expand in Spring Hill and adding more than 600 new jobs to the Maury County workforce.”
“Tennessee is the top state in the nation for overall infrastructure and global access making it an outstanding choice for Ryder’s latest expansion,” Boyd said. “As a state, we strive to leverage Tennessee’s inherent advantages with the success of our thriving key sectors to create an environment that supports both newly located companies and existing industry expansions. I appreciate Ryder’s continued investment in Tennessee and for creating hundreds of new jobs in Spring Hill.”
Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation and supply chain solutions company, with operations in the U.S., Canada, Mexico, and the U.K., as well as parts of Asia. The Company, founded in 1933, operates behind the scenes, managing critical transportation and logistics functions for more than 50,000 customers, many of which make the products that consumers use every day.
Ryder will double its Spring Hill warehousing operations from 300,000 square feet to 600,000 square feet as well as increase its workforce from approximately 200 to more than 800 over the next five years.
“We are proud to expand Ryder’s world-class Spring Hill logistics operation in support of our growing business in this market,” Steve Sensing, president, Global Supply Chain Solutions for Ryder, said. “We’ve served customers in Spring Hill for decades. The area is flush with talent enabling us to meet our customers’ logistics needs.”
“Congratulations to Ryder, and thank you for your continued investment in our community,” Maury County Chamber and Economic Alliance President Wil Evans said. “It is always exciting to see our existing industries grow. Ryder’s decision to expand here further solidifies that Maury County is a great place to do business.”
Spring Hill and Maury County are represented by Sen. Joey Hensley (R – Hohenwald), Rep. Sheila Butt (R – Columbia) and Rep. David Shepard (D – Dickson) in the Tennessee General Assembly.
Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index. Ryder has been named among FORTUNE’s World’s Most Admired Companies, and has been recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, and world-class safety and security programs. The Company is a proud member of the American Red Cross Disaster Responder Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com, and follow us on our Online Newsroom, Facebook, LinkedIn, Twitter, and YouTube.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: www.tnecd.com. Follow us on Twitter: @tnecd. Like us on Facebook: www.facebook.com/tnecd.