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) has been awarded the prestigious Overdrive award by General Motors (NYSE: GM) during GM’s 31st annual Supplier of the Year awards, held in San Antonio, Texas on March 22, 2023. Ryder was recognized among 16 companies for outstanding achievements in areas including sustainability, innovation, relationships, and supply chain efficiency. This marks the 11th time Ryder has received such recognition since the award's inception in 2012. With a partnership dating back to 1986, Ryder supports over 40 GM sites across North America, showcasing their long-term commitment and expertise in supply chain solutions.
The Overdrive award highlights Ryder's role in enhancing GM's supply chain resilience and efficiency, especially in a challenging automotive industry environment.
Ryder System (NYSE: R) has announced plans to add 4,000 BrightDrop electric vans to its rental and lease fleet by 2025, with 200 units ordered for 2023. This initiative aims to meet increasing demand for commercial electric vehicles in logistics. The new Zevo 600 and Zevo 400 models will enhance sustainability for Ryder's customers, offering up to 250 miles on a full charge and payload capacities of 2,000 to 3,400 lbs. The rollout will begin in key locations such as California, Dallas-Fort Worth, and New York City.
Ryder System, Inc. (NYSE: R) has been recognized by Newsweek as one of the Most Trustworthy Companies in America for 2023, ranking in the Transport, Logistics & Packaging category. This accolade reflects trust ratings from a survey of about 25,000 U.S. residents, focusing on customer, investor, and employee trust. Ryder CEO Robert Sanchez noted this recognition underscores the company’s commitment to excellence and trustworthy relationships, which have driven its success for over 90 years. Ryder achieved this alongside its recognition as one of America’s Most Responsible Companies in previous years.
Ryder System, Inc. (NYSE: R) announced its upcoming first quarter 2023 earnings conference call scheduled for April 26, 2023, at 11:00 a.m. Eastern Time. The call will review the company's financial performance for the first quarter. Chairman and CEO Robert Sanchez, along with CFO John Diez, will be leading the discussion. Investors can participate via a live webcast or by phone. After the call, a replay will be available on Ryder's investor website. Ryder continues to be a major player in logistics, providing various services across the U.S., Canada, and Mexico.
Ryder System, Inc. (NYSE: R) has launched a limited-time discount program for women-owned businesses that are members of the Women in Trucking Association (WIT), offering 5% off pre-owned commercial vehicle purchases. This initiative reflects Ryder's commitment to enhancing customer experience in fleet management while supporting gender diversity in trucking careers. The company provides easy online access to its used vehicle inventory, with dedicated staff available for consultations. Ryder also supports education and training for women in transportation through scholarships, aiming to bridge the gender gap in the industry.
Ryder System, Inc. (NYSE: R) has sold its Miami headquarters campus for $42.1 million to Bridge Industrial. The 16.8-acre property, home to Ryder's 248,989-square-foot office since 2005, was deemed too large post-pandemic. CEO Robert Sanchez stated the decision to downsize was necessary due to reduced office space needs. Ryder will lease back the site for up to 12 months while seeking a new headquarters in the Coral Gables area, aiming for a space suited for a hybrid work model. Ryder remains committed to Miami-Dade County, where it was founded in 1933.
Ryder System, Inc. (NYSE: R) announced that its Chairman and CEO, Robert Sanchez, will address the J.P. Morgan Industrials Conference on March 14, 2023, at 2:50 p.m. EST. The conference will take place in New York City. Ryder is known as a leader in logistics and transportation, offering various solutions including supply chain management, dedicated transportation, and fleet management. Investors are encouraged to tune in to the live webcast available at Ryder's investor relations website.
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