Ryder Integrated Logistics, Inc. will expand its facilities in Fort Worth, TX to support its supply management, logistics, and transportation management operations. The Fortune 500 transportation and supply chain management company services more than 50,000 manufacturers and retailers nationwide. The company’s expansion in Fort Worth will create more than 200 jobs and more than $5.2 million in capital investment.
“We are very excited to have made the decision to expand our operations in Fort Worth, Texas,” said Ryder Vice President and General Manager of Transportation Management Dave Belter. “We are fortunate to have a facility that supports our current staff, and also allows for easy expansion. Our employees are our most important resource and we have had great success hiring the talent we need from a diverse and well educated labor force. The support we have received from the City of Ft. Worth, the Ft. Worth Chamber of Commerce and the State of Texas has been outstanding. We look forward to a long standing and growing presence in Fort Worth.”
The state has offered a Texas Enterprise Fund (TEF) grant in the amount of $1,050,000 to Ryder. The TEF is used as a final incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with another viable out-of-state option. Since its inception in 2004, the TEF has awarded over 100 grants totaling more than $500 million across a wide variety of industries and projects.
“Texas continues to expand its presence on the global economic stage thanks to the growth of businesses like Ryder right here in the Lone Star State,” said Governor Greg Abbott. “As we enter a 21st century economy, it is of paramount importance that Texas increases its competitive advantage by working with innovative companies, and Ryder’s expansion is the perfect example. As governor, I look forward to further investing in Texas’ workforce and creating an even more business-friendly environment in our state, so thriving companies will continue to choose the Lone Star State for their facility expansions .”
Ryder has been located in Fort Worth for over 15 years, and currently employs 347 employees at the location. The company will create 200 additional new jobs over the next seven years, according to Fort Worth Economic Development Director Robert Sturns.
Relocating or Expanding Your Business In Texas
Considering Texas for your company’s relocation or expansion project? Check out Business Facilities’ Texas Incentives and Workforce Development Guide.