Ryder System, a leader in supply chain, dedicated transportation, and commercial fleet management solutions, announced it will provide $30 million in bonuses to nearly 30,000 of its frontline employees in North America in appreciation for their extraordinary efforts during the pandemic.
“As an expression of gratitude to Ryder’s drivers, technicians, service employees, rental counter agents, dispatchers, and warehouse employees who have been the backbone of Ryder’s response to the pandemic, we will be granting a special recognition bonus,” said Ryder Chairman and CEO Robert Sanchez. “Throughout the COVID-19 pandemic, these dedicated employees have made extraordinary efforts to keep our company strong, our communities healthy, and our economy moving, and I am incredibly proud of how they faced this pandemic head-on to support our customers.”CEO Robert Sanchez
Eligible full-time Ryder employees in the United States will receive $1,000, while part-time employees will receive $500, to be paid out ahead of the holidays on December 14. This investment by Ryder will result in a one-time expense of approximately $30 million in the fourth quarter.
Throughout the past eight months, most all of Ryder’s locations and operations have remained open for business, with temporary closures for cleaning and disinfecting as needed, supporting many customers to keep the flow of essential products moving into our communities.
“In a year like no other, I’m proud of Ryder’s employees for what they have accomplished and I’m grateful for the care they’ve provided our customers and communities,” adds Sanchez. “Ryder’s success this year is a direct result of our employees turning our purpose into action and meeting our customers’ changing needs day after day.”
To see how Ryder employees have been helping customers manage their changing transportation and supply chain needs during the pandemic, and most importantly doing it safely, watch this video on Ryder.com.