Ryder System, Inc. - R STOCK NEWS

Ryder System (NYSE: R) has been named a 2024 SmartWay® Excellence Award winner and SmartWay® High Performer by the U.S. Environmental Protection Agency (EPA) for its outstanding environmental performance in dedicated transportation. Among nearly 4,000 EPA SmartWay truck carrier partners, Ryder was one of just 29 carriers to receive this highest distinction.

The company has earned the Excellence Award six times since 2013, demonstrating its commitment to sustainability through fleet improvements, infrastructure investments, and technology adoption to enhance efficiency and reduce emissions. As a SmartWay partner since 2006, Ryder's recognition is based on EPA's evaluation of fleet and vehicle performance data submitted annually by partners.

Ryder System (NYSE: R) announced that Executive Vice President and CFO John Diez will speak at the 2024 Stephens Annual Investment Conference in Nashville, Tennessee. The presentation is scheduled for Tuesday, November 19, 2024, at 4:00 p.m. CST. Investors can access the live webcast through the company's investor relations website at investors.ryder.com.

Ryder System (NYSE: R) has been awarded Toyota North America's 'Cross Dock Supplier of the Year' for operational excellence at its San Luis Potosi, Mexico facility. The recognition was based on key performance indicators including safety, quality, productivity, and cost savings. Ryder, which has partnered with Toyota for 37 years, supports Toyota's North American manufacturing with cross-border transportation services between the U.S., Mexico, and Canada. The company recently expanded its presence with new facilities in Laredo and El Paso, Texas, performing over 320,000 cross-border freight movements annually.

Ryder System (NYSE: R) has been named a '2024 Top Company for Women to Work in Transportation' by the Women in Trucking Association for the sixth consecutive year. The company also earned a spot among 'The Elite 30,' reserved for companies receiving the highest industry-wide votes. The recognition is based on criteria including gender diversity, compensation, flexible hours, and career advancement opportunities. Over 31,000 transportation professionals participated in this year's voting, with Ryder being among 134 companies recognized across various transportation sectors. The company was also named one of 'America's Greatest Workplaces for Diversity' by Newsweek in 2024.

Ryder System reported Q3 2024 results with GAAP EPS of $3.25 and comparable EPS of $3.44, down from $3.44 and $3.58 respectively in the prior year. Total revenue reached $3.2 billion, up 8% from Q3 2023, while operating revenue grew 9% to $2.6 billion. The company reaffirmed its full-year 2024 guidance, including comparable EPS of $11.90-$12.10 and adjusted ROE of 16-16.5%. Performance was marked by weaker market conditions in rental and used vehicle sales, offset by stronger results in contractual lease, supply chain, and dedicated businesses. The company maintains a solid balance sheet with debt-to-equity at 249%, slightly below its target range.

Ryder System, Inc. (NYSE: R) has announced the winners of its 27th Annual Ryder Carrier Quality Awards, recognizing 13 carriers for service quality and operational excellence. The awards are based on metrics including on-time performance, customer service, economic value, and innovation.

Ryder manages a network of 87,500 qualified carriers under contract to move more than $11 billion in freight annually for its customers. This year's honorees were particularly noted for their commitment to technology and innovation to improve efficiency and resilience in an unpredictable market.

The awards span various categories, including National and Regional Dry Van Carriers, Intermodal, Refrigerated, Flatbed, LTL, Oil & Gas, Canadian Truckload and LTL, Freight Forwarder, Maritime, and Drayage Carriers. Ryder's carrier network supports a range of transportation logistics services, including freight brokerage, transportation management, dedicated contract carriage, and last mile delivery.

Ryder System, Inc. (NYSE: R) has announced a new discretionary share repurchase program authorized by its Board of Directors. The program allows management to repurchase up to 2.0 million shares of common stock from October 9, 2024 through October 9, 2026. This initiative aims to provide capital structure flexibility while managing balance sheet leverage, acquisition opportunities, and shareholder returns.

The company's previous 2.0 million share repurchase program, authorized in October 2023, was completed in September 2024. Ryder also maintains an anti-dilutive share repurchase program authorized in October 2023, allowing the repurchase of up to 2.0 million shares through October 12, 2025. As of September 30, 2024, 753,000 shares have been repurchased under this program.

Ryder's CEO Robert Sanchez highlighted the company's strong earnings power and successful execution of its balanced growth strategy. As of September 30, 2024, Ryder had approximately 42.3 million shares of common stock outstanding.

Ryder System, Inc. (NYSE: R) has released its latest Corporate Sustainability Report (CSR) and CDP Climate Change Response for the period of January 1 to December 31, 2023. The reports highlight Ryder's commitment to responsible business practices, focusing on environmental, workforce, safety, and governance efforts.

The CSR references global standards including GRI, SASB, and TCFD, while the CDP response provides detailed environmental disclosure. Ryder has been tracking and disclosing emissions since 2009, aiming to improve operations and develop sustainable solutions for customers.

CEO Robert Sanchez emphasizes Ryder's focus on optimizing supply chains, improving efficiencies, conserving resources, and minimizing waste. The company's sustainability initiatives support the safe and efficient delivery of goods across North America, reflecting its commitment to creating value for all stakeholders.

Ryder System has released its 10th annual e-commerce consumer study, highlighting evolving consumer behaviors. The 2024 study, titled 'The Influence of Omnichannel Excellence on Consumer Behavior', reveals a 21% increase in in-store shopping sentiment. Despite a strong affinity for e-commerce, consumers are returning to physical stores for experiences like trying items on and comparing products. Key findings include:

• 61% enjoy in-store shopping for the experience, up 21% from last year.
• 35% shop in-store to avoid waiting for deliveries, up 4%.
• 15% shop in-store to avoid package theft, up 8%.
• 41% of cosmetics shoppers and 54% of apparel shoppers prefer physical locations, both up 9%.
• 55% prefer returning online purchases in-store, a 15% increase.
• 77% use mobile devices to search for items while in-store.

The study emphasizes the importance of omnichannel strategies for retailers to meet evolving consumer expectations and enhance customer satisfaction.