Welcome to our dedicated page for Ryder System news (Ticker: R), a resource for investors and traders seeking the latest updates and insights on Ryder System stock.
Ryder System, Inc. (NYSE: R) is a Fortune 500® commercial fleet management, dedicated transportation, and supply chain solutions company. Recognized for its industry-leading practices, Ryder boasts a significant presence in the logistics and transportation sector. The company is a proud component of the Dow Jones Transportation Average and the S&P 500 index.
Ryder operates through three core business segments:
- Fleet Management Solutions (FMS): This segment offers full-service leasing, commercial rental, and maintenance services for trucks, tractors, and trailers. Customers benefit from flexible maintenance options tailored to their needs.
- Supply Chain Solutions (SCS): Ryder provides integrated logistics solutions, including distribution management, dedicated transportation, transportation management, brokerage, e-commerce, last-mile delivery, and professional services.
- Dedicated Transportation Solutions (DTS): This segment delivers turnkey transportation solutions within the U.S., featuring dedicated vehicles, professional drivers, and comprehensive management and administrative support.
Ryder's excellence is validated by its inclusion among Fortune's World's Most Admired Companies. The company's commitment to sustainability is reflected in its environmentally-friendly fleet and supply chain solutions. Ryder’s world-class safety and security programs further underscore its dedication to quality and reliability.
Ryder is also an active corporate citizen, supporting national and local disaster preparedness and response efforts as a member of the American Red Cross Disaster Responder Program. For more information, visit www.ryder.com, or follow Ryder on its various social media platforms including Facebook, Twitter, Google+, and YouTube.
Latest News:
- June 11, 2024: Levi & Korsinsky informs shareholders about a settlement in the class action lawsuit against Ryder System, Inc. The $45,000,000 fund benefits class members who acquired Ryder stock between July 23, 2015, and February 13, 2020. For more details, visit here.
Ryder System, Inc. (NYSE: R) reported a mixed performance in its first-quarter 2023 results, with GAAP EPS from continuing operations at $2.95, down from $3.35 in 2022. Comparable EPS (non-GAAP) also decreased to $2.81 from $3.59. Total revenue increased by 3% to $3 billion, driven by a 10% rise in Supply Chain Solutions (SCS) revenue. Notably, an impairment charge due to a customer bankruptcy impacted SCS earnings, which fell to $17 million. Ryder raised its low-end forecast for full-year comparable EPS to $11.30 - $12.05, while maintaining a 16% - 18% return on equity (ROE) target. Despite challenges in the Fleet Management Solutions (FMS) unit, overall operating revenue grew by 6%, reflecting solid performance in Dedicated Transportation Solutions (DTS) and SCS.
Ryder System, Inc. (NYSE: R) announced its participation at the Advanced Clean Transportation (ACT) Expo in Anaheim, California, from May 1-4, 2023. The company will showcase an industry-first solution for integrating electric vehicles (EVs) into fleets, scheduled for unveiling on May 2 at 11:30 AM PT at booth #5229. Ryder will also feature expert speakers addressing EV planning, battery technology, and autonomous vehicle developments during breakout sessions. Additionally, Ryder is set to add 4,000 BrightDrop electric vans to its fleet through 2025, expanding its offerings of electric vehicles including Ford E-Transits and Volvo Class 8 electric trucks. As a Gold sponsor of ACT Expo, Ryder emphasizes its commitment to sustainable transportation solutions.
Ryder System, Inc. (NYSE: R) has announced the launch of its Freight Brokerage Carrier Loyalty Program, designed to reward carriers engaged with Ryder's brokerage division through the Trucker Tools app. This program offers tiered discounts of up to 22% on used vehicle purchases based on the level of engagement with Ryder. The app provides features like digital trip planning, shipment visibility, predictive freight matching, and automated booking solutions. Kevin Clonch, group director of transportation management, emphasized the importance of rewarding carriers' loyalty and enhancing service quality. This initiative aligns with Ryder's strategy to leverage innovative technology, reinforcing its commitment to providing excellent service and growing its freight brokerage business.
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