Ryder Seeks Buyer For Truck Rental Unit

Ryder System Inc. said Friday it is considering selling its consumer truck rental division and is in serious talks with possible buyers.

The company said it has hired the investment firm Goldman, Sachs & Co. to explore the sale of the unit, which accounts for about 10 percent of the company’s overall revenue.

The division for sale has 35,000 trucks, from 10 feet long to 24-footers. The commercial truck rental division is not for sale.

“Serious discussions are under way with potential buyers,” Ryder System Chairman M. Anthony Burns said in a new release. “It is too early to say at this time whether or when a transaction will be completed.”

The consumer truck rental unit operates in all 48 states of the continental United States and in Canada.