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) announced that Chairman & CEO Robert Sanchez will address the Morgan Stanley 10th Annual Laguna Conference on September 14, 2022, at 11:40 a.m. PT. The conference will be held virtually, providing investors with insights into the company's operations and strategies. Ryder is a leading logistics and transportation company, offering a range of solutions, including supply chain, dedicated transportation, and fleet management services. For more details, access the live webcast at investors.ryder.com.
Ryder System, Inc. (NYSE: R) has acquired Baton, a San Francisco-based start-up specializing in logistics technology. The deal, finalized on August 31, follows Ryder's investment in Baton through its corporate venture fund, RyderVentures. The acquisition aims to enhance Ryder's supply chain and transportation solutions by integrating Baton’s innovative logistics technology and its core development team. Co-founders Andrew Berberick and Nate Robert will take leadership roles at Ryder, focusing on advancing technology-driven customer solutions.
Ryder System, Inc. (NYSE: R) has been recognized by Food Logistics as one of the Top Third-Party Logistics & Cold Storage Providers for 2022, marking its 10th consecutive year on the list. This accolade showcases Ryder's commitment to operational excellence and customer satisfaction amid significant supply chain challenges. The company has enhanced its RyderShareTM technology to include a warehouse management solution, ensuring end-to-end visibility for clients. Additionally, Ryder expanded its e-fulfillment network, reinforcing its position in the food and beverage industry.
Ryder System, Inc. (NYSE: R) has awarded Chris Johnson of Annacis Island, British Columbia, a grand prize of $50,000 as the 2022 Ryder Top Technician. The competition showcased elite technicians from the U.S. and Canada, testing their commercial vehicle maintenance skills. The event in Milwaukee featured rigorous challenges, including electronic diagnostics and preventive maintenance. Ryder emphasized the importance of skilled technicians amidst a growing industry shortage. Johnson's win highlights Ryder's commitment to excellence in service and technical training.
RingCentral (NYSE: RNG) has partnered with Ryder System (NYSE: R) to enhance business communications across Ryder's nearly 800 fleet maintenance and rental locations. Utilizing RingCentral MVP™ for unified operations, Ryder has improved customer service and operational efficiency. The rollout has also led to the deployment of RingCentral Contact Center™ for Ryder Last Mile, enabling seamless support for home delivery services. This collaboration highlights efforts in digital transformation, with acknowledged benefits in employee productivity and customer satisfaction.
Ryder System reported a strong Q2 2022, achieving a GAAP EPS of $4.72, up from $2.78 YoY, driven by Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). Total revenue reached $3 billion, a 27% increase, and operating revenue increased by 20% to $2.3 billion. The company raised its full-year GAAP EPS forecast to $14.45 - $14.95. Ryder also announced a 7% dividend increase and plans to complete a $300 million share repurchase program. Strong cash flow and improved operational performance position Ryder well for future growth.
Ryder System, Inc. (NYSE: R) has been recognized as a "Green Supply Chain Partner" for the 14th consecutive year by Inbound Logistics. This award highlights Ryder's commitment to sustainability and efficiency in its logistics services. The company has made significant investments in technologies like RyderShare™ to enhance supply chain visibility and reduce environmental impact. Strategies employed include utilizing solar energy in warehouses and recycling automotive waste. Ryder aims for continuous improvement while maintaining strong recognition in environmental practices.
The Board of Directors of Ryder System, Inc. (NYSE: R) has declared a quarterly cash dividend of
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