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.
TIP Trailer Services, backed by I Squared Capital, has acquired the trailer leasing and maintenance business of Ryder Ltd in the UK. This acquisition includes approximately 3,550 trailers and expands TIP's workshops in the UK to 18. The integration is expected to enhance TIP's maintenance capabilities with the addition of mobile technicians. The firm has grown its fleet by over 70% since its acquisition by I Squared Capital, indicating strong growth potential in a fragmented market.
TIP Trailer Services has announced its acquisition of Ryder Ltd.'s trailer leasing and maintenance business in the UK. This acquisition will add approximately 3,550 trailers and 133 employees to TIP's operations, expanding its footprint in the UK and Ireland.
The deal, set to conclude in June 2022, aims to improve TIP's service offerings and infrastructure. With the integration of Ryder's assets, the company enhances its mobile maintenance services, establishing new workshops and parking locations in key regions.
Ryder System, Inc. (NYSE: R) has announced its upcoming first quarter 2022 earnings conference call set for April 27, 2022, at 11:00 a.m. Eastern Time. Management will review financial results and provide key insights during the call, which will be accessible via a live webcast. Chairman and CEO Robert Sanchez and CFO John Diez will lead the discussion. Investors can join the call by dialing in or through the provided online link. The call's replay details will be available shortly after the event.
Ryder System, Inc. (NYSE: R) will have Executive Vice President and CFO John Diez speaking at the J.P. Morgan Industrials Conference on March 16, 2022, at 2:10 p.m. EST in New York. The company, a leader in logistics and transportation, supports operations in the U.S., Mexico, Canada, and the UK. Ryder manages nearly 239,000 commercial vehicles and over 330 warehouses, providing a range of services including supply chain management and fleet management solutions. Live webcast access will be available through Ryder's investor relations page.
Ryder System, Inc. (NYSE: R) has partnered with Southern Glazer's Wine & Spirits to enhance its inbound transportation and supply chain efficiency. This collaboration will integrate Ryder's RyderShare technology, aimed at improving product visibility and communication among suppliers and carriers. The initiative is expected to streamline logistics, speed up product delivery to market, and enable predictive analytics for better decision-making. Ryder manages a vast freight network worth over $7 billion annually, emphasizing its capability to meet Southern Glazer's operational demands.
COOP by Ryder has launched its truck and trailer sharing platform nationwide, expanding to all 50 states. This move follows initial success in nine states, driven by high demand for rental vehicles amid ongoing industry shortages. The platform now connects over 50,000 trucks and trailers, allowing vehicle owners to monetize underutilized assets. Businesses on the platform have reported significant revenue increases, with COOP generating an average of $3,700 monthly for vehicle owners. Since its launch in 2018, COOP has achieved 250% year-over-year growth.
Ryder System, Inc. (NYSE: R) has announced an accelerated share repurchase agreement (ASR) to buy back
Ryder System, Inc. (NYSE: R) will hold an Investor Day in New York City on June 3, 2022, at 8:30 a.m. ET. The event is subject to health guidelines related to COVID-19. Ryder's leadership, including CEO Robert Sanchez and CFO John Diez, will discuss the company's strategy, growth drivers, and financial objectives, featuring presentations and Q&A sessions. Attendance is limited and registration is required. A live webcast will be available on Ryder's investor website, with an archived version accessible post-event.
Ryder System, Inc. (NYSE: R) reported robust fourth-quarter results for 2021, with GAAP EPS of $3.36, a significant rise from $0.48 in the previous year. Total revenue reached $2.6 billion, up 17%, driven by strong performance in Fleet Management Solutions (FMS) and other segments. The company achieved a record return on equity (ROE) of 20.9% and free cash flow of $1.1 billion. For 2022, Ryder forecasts EPS growth of 7% to 18% and expects a 10% revenue increase, bolstered by a $300 million accelerated share repurchase program and ongoing strategic initiatives.
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