Management & Operations

Ryder/ATE To Be Sold

Posted on June 29, 1999

Ryder has placed Ryder/ATE up for sale. Ryder/ATE consists of ATE (transit contracting and management) and MLS (contract municipal fleet maintenance). ATE generated $275 million in contracting revenue alone last year. Ryder Student Transportation (which is involved in the school bus contract services market) is not part of the sale. Ryder decided to do this after a detailed analysis of the company by Morgan Stanley Dean Witter (MSDW). While the transit division is profitable, MSDW thought that Wall Street wasn’t giving Ryder credit in its stock price for the profitability of this division, and suggested that Ryder sell it. While no bidders have been named, the acquisition market for transit contractors has been particularly active of late, especially fueled by the British-based multinational, multimodal operators National Express and Stagecoach Holdings Plc. In a letter to clients which was obtained by, Ryder/ATE President John Dorr explained: “To enable Ryder to focus on its core integrated businesses, the decision was made to separate those businesses not integral to Ryder’s refined business strategy. Therefore, the decision was made to seek a buyer for Ryder/ATE, Inc. This decision is part of Ryder’s overall strategy to affirm its position as a leading provider of global third party logistics, truck leasing and rental, and student transportation services....”

View comments or post a comment on this story. (0 Comments)

More News

Gannon appointed to permanent GM post for King County Metro

Gannon, 47, served as interim GM from March 2016 until now. He was Metro Deputy GM from 2013-2016, and Human Resources manager for the King County DOT from 2011-2013.

Fla.'s HART to develop autonomous circulator route

The project would be one of the first of its kind in the U.S. utilizing autonomous technology and has the potential to become a genuine problem solver, according to FDOT and HART.

CTA's 2017 budget includes no fare increases, service cuts for 8th year

Long-term deals on fuel and increased non-fare revenue have helped CTA cope with reduced funding from the state and a decline in ridership, which fell to just under 500 million in 2016.

SORTA to sell advertising to pay for bus benches

In a separate ordinance, the city agreed to stop removing currently illegal benches at some stops unless they are unsafe.

Future for connected cars is promising, obstacles remain: study

Obstacles include privacy and security concerns, to a lack of infrastructure and the need for a legislative framework.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment


Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close