In a bid to widen its popularity in terms of services and strengthen its position across one of North America’s popular freight markets, Ryder System, Inc. (R) announced the launch of two new used truck centers in Newark and North Bergen, NJ. These two investments in northern New Jersey reflect Ryder’s expansion into the used commercial vehicle market.
Ryder has relocated its Kearny used vehicle center to a bigger facility in Newark, NJ, and has opened a new used truck sales center in North Bergen, NJ.
Situated at 474 Wilson Avenue in Newark, the relocated facility strengthens Ryder’s presence in a key freight hub, offering direct access to the Port of Newark, Interstate 95 and Newark Liberty International Airport. By consolidating multiple fleet management solutions under one roof, the facility is expected to enhance operational efficiency and advance Ryder’s integrated port-to-door transportation strategy.
Ryder has expanded its used commercial vehicle sales network with the opening of a new facility at 6214 Tonnelle Avenue in North Bergen, marking its first location south of the George Washington Bridge. Situated along the busy U.S. Route 1-9 corridor near New York City, the facility enhances Ryder’s presence in a major logistics hub, improves accessibility for customers and creates additional opportunities for used vehicle sales.
Eric Upchurch, vice president of vehicle sales at Ryder, stated, “Northern New Jersey is one of the most important transportation markets in North America, making it a natural fit to expand our used vehicle sales network. These locations bring us closer to the customers, carriers, and logistics operations that drive the regional economy and make it easier for customers to access Ryder’s high-quality used vehicle inventory and fleet solutions.”
To Conclude
The New York-New Jersey region is a critical hub for the U.S. supply chain, facilitating international trade, warehousing, distribution and transportation activities. Given this backdrop, Ryder’s expansion into Newark and North Bergen is expected to strengthen its competitive position in the freight industry.
The new facilities enhance Ryder’s ability to serve customers across the Northeast by improving access to major ports, distribution centers and key transportation networks. Additionally, both locations support the Ryder Vehicle Assurance Program, which offers a complimentary 60-day limited warranty on eligible DOT Verified used vehicles through year-end. These investments should reinforce Ryder’s regional presence, expand customer reach and support its long-term growth prospects.
Ryder’s Zacks Rank and Other Stocks to Consider
Ryder presently carries a Zacks Rank #2 (Buy).
Investors interested in the Zacks Transportation sector may also consider Expeditors International of Washington, Inc. EXPD and Herc Holdings HRI.
Expeditors currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EXPD has an expected earnings growth rate of 28.6% for 2026. The company has an encouraging earnings surprise history. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 17.15%.
Herc Holdings currently sports a Zacks Rank #1.
HRI has a negative expected earnings growth rate of 8.4% for the current year. However, the company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 60.64%.
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This article originally published on Zacks Investment Research (zacks.com).