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Ryder unit sold

Published on .

Ryder System, Miami, said it will sell its consumer truck rental business unit for approximately $575 million to a consortium of investors led by Questor Partners Fund, Southfield, Mich. Ryder will retain its commercial truck rental business and its Canadian consumer truck rental business. Ryder has an estimated 30% of the consumer truck rental business in the U.S. Revenues for the unit totaled $547 million in 1995.

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