Ryder System, Inc. - R STOCK NEWS

Ryder System, Inc. (NYSE: R) celebrates three female leaders as recipients of the 2024 Women in Supply Chain awards from Supply & Demand Chain Executive and Food Logistics magazines. The awards recognize female supply chain leaders for their accomplishments, mentorship, and impact on the industry.

The honorees from Ryder include:

• Zully Jimenez (Rising Star category): Inventory supervisor known for excellence in customer account management and safety improvements.
• Kristy Killingbeck (Trailblazers category): Vice President of Supply Chain Operations with 25+ years of experience, instrumental in expanding Ryder's CPG transportation management portfolio.
• Lesley Kerr (Workforce Innovator category): Vice President of Human Resources, recognized for employee engagement initiatives and the successful launch of the Future Leaders Program.

These leaders exemplify Ryder's commitment to fostering a diverse and inclusive workforce, driving innovation and growth in the supply chain industry.

Ryder System, Inc. (NYSE: R) has been awarded two Quest for Quality 2024 awards in the third-party logistics (3PL) category by Logistics Management and Peerless Research Group. The company received top marks for carrier selection and negotiation, order fulfillment, and logistics information systems in both the 3PL transportation management and value-add warehousing and distribution services categories.

The awards, based on over 3,100 survey responses, serve as an industry benchmark for customer satisfaction and performance excellence. Ryder's President of Supply Chain Solutions, Steve Sensing, attributes this success to the company's culture of continuous improvement and its commitment to enhancing customers' supply chain and transportation networks.

Ryder has recently strengthened its market position through strategic acquisitions, including Cardinal Logistics for dedicated transportation and Impact Fulfillment Services (IFS) for contract packaging and manufacturing capabilities. The company continues to invest in logistics information systems like RyderShare™ to further improve its service offerings.

Ryder System, Inc. (NYSE: R) has announced that Executive Vice President & CFO John Diez will present a company update at the Morgan Stanley 12th Annual Laguna Conference. The event is scheduled for Wednesday, September 11, 2024, at 11:05 a.m. Pacific Time in Dana Point, California. Investors and interested parties can access the live webcast of the presentation through Ryder's investor relations website at http://investors.ryder.com. This presentation offers an opportunity for stakeholders to gain insights into Ryder's current operations and future strategies directly from a top executive.

Ryder System, Inc. (NYSE: R) has been named one of the Top 10 3PLs in the 2024 Readers' Choice Excellence Awards by Inbound Logistics for the third consecutive year. This recognition highlights Ryder's agility and innovation in the logistics industry. Over the past year, Ryder has:

• Acquired Cardinal Logistics, adding 200 operating locations, 2,900 power vehicles, and 3,400 professional drivers
• Acquired Impact Fulfillment Services (IFS), expanding into contract packaging and manufacturing
• Opened two multiclient logistics facilities in El Paso and Laredo, Texas, to support nearshoring activity
• Invested in innovative technologies like RyderShare™ and Baton

These strategic moves aim to enhance Ryder's supply chain solutions and help customers meet evolving logistics challenges.

Ryder System, Inc. (NYSE: R) and Terminal Industries have successfully piloted an AI-powered computer-vision technology to automate and optimize warehouse yard operations. The ongoing pilot at a Ryder e-commerce fulfillment center in California has processed over 10,000 truck detections with 99% accuracy in capturing license plates and DOT numbers since January. This technology aims to modernize the currently manual and inefficient process across the industry, potentially addressing inefficiencies that cost the industry up to $146 billion annually. Ryder and Terminal have launched a second pilot using Terminal's technology on mobile tablets to auto-capture available inventory at a Ryder truck rental and maintenance facility in Dallas-Fort Worth.

Ryder System, Inc. (NYSE: R) has announced Warren Smith from Ontario, Canada as the winner of its 2024 Ryder Top Technician ('Top Tech') Skills Competition, awarding him a $50,000 grand prize. The annual event, now in its 23rd year, showcases the skills of Ryder's top truck maintenance professionals among its 4,800 U.S. and Canada-based technicians.

The championship event took place in Pittsburgh, Pennsylvania, where ten finalists competed in rigorous hands-on skills challenges across various technical areas. Kyle Walton and Benjamin Cheaney placed second and third, respectively, with all finalists receiving a $10,000 cash prize. The competition highlights Ryder's commitment to recognizing and rewarding its skilled technician workforce, emphasizing their importance in maintaining Ryder's fleet of nearly 250,000 commercial vehicles.

Ryder System, Inc. (NYSE: R) reported solid Q2 2024 results, outperforming prior cycles despite challenging market conditions. Key highlights include:

- GAAP EPS from continuing operations: $2.83 vs $(0.39) in prior year
- Comparable EPS (non-GAAP): $3.00 vs $3.61 in prior year
- Total revenue: $3.2 billion, up 10% year-over-year
- Operating revenue (non-GAAP): $2.6 billion, up 10%

The company's contractual lease, dedicated, and supply chain businesses generated higher year-over-year earnings. Ryder maintained its full-year 2024 forecast, expecting adjusted ROE of 16% - 16.5% and comparable EPS of $11.90 - $12.40. The company also announced a 14% increase in quarterly dividend, demonstrating confidence in its transformed business model.

Farmmi, Inc. (NASDAQ: FAMI), a Chinese agriculture products supplier, has announced a significant expansion of its North American operations. The company's subsidiary, FARMMI USA INC., has signed a sublease agreement for a large distribution and storage center in the Los Angeles area, California. The facility, managed by Ryder Truck Rental inc., spans 636,000 square feet, with 315,000 square feet of warehouse space and includes a dedicated rail line for sea-rail intermodal transportation.

This move marks a major step in Farmmi's global expansion strategy and is expected to enhance the company's international cooperation capabilities. CEO Yefang Zhang emphasized that this development represents a breakthrough towards Farmmi's globalization goals and is aimed at creating greater value for shareholders.

Ryder System, Inc. (NYSE: R) has been recognized as one of America's Greatest Workplaces for 2024 by Newsweek, earning a 4.5-star score. This accolade highlights Ryder's commitment to fostering a positive, inclusive, and innovative work environment. The recognition is based on a comprehensive study conducted by Newsweek and Plant-A Insights Group, involving over 1.5 million company reviews from more than 250,000 employees across 78 industries.

The assessment evaluated 15 key areas, including corporate culture, working conditions, workforce diversity, and career development opportunities. Ryder Chairman and CEO Robert Sanchez emphasized the company's pride in this recognition, stating that investing in their workforce is important to their success. This honor adds to Ryder's recent recognitions by Newsweek as one of America's Greatest Workplaces for Diversity and for Women.