Ryder, Cargo Services Partnership.
Ryder System, Inc. (NYSE: R) has signed a joint venture (JV) partnership with Cargo Services Far East Limited (CSFE), an Asia-based logistics solutions provider specializing in export consolidation services. The combined capabilities of the companies will create a comprehensive, end-to-end service offering, with full geographic coverage throughout Asia, for North American retailers and other companies importing from Asia.
Operating as Ryder Supply Chain Solutions Asia, the solution will provide Vendor and Purchase Order Management, Inland Transport Services, Export Consolidation and Order Fulfillment Services, including Distribution Center Bypass and Store-Ready Pallet Construction from Asia to North America. It builds upon Ryder's recent acquisition of CRSA Logistics, which manages transpacific end-to-end transportation management and supply chain services for Canadian retailers, including consolidation services in key Asian hubs and deconsolidation operations in Canada.