Ryder System, Inc. - R STOCK NEWS

Ryder System, Inc. (NYSE: R) has established a multi-year partnership with Gatik to create an autonomous logistics network across the U.S. and Canada. This partnership includes an $85 million investment by RyderVentures into Gatik, marking the first venture into autonomous trucking. Ryder will provide leasing and maintenance for Gatik’s autonomous truck fleet, aiming to deliver goods efficiently to retail locations. The partnership focuses on expanding operations in the Dallas-Fort Worth area, leveraging Ryder's expertise in vehicle servicing and infrastructure.

Ryder System, Inc. (NYSE: R) has declared a cash dividend of $0.58 per share, marking its 181st consecutive quarter of dividend payments, solidifying over 45 years of uninterrupted distributions. The dividend will be paid on December 17, 2021 to shareholders of record as of November 22, 2021. This consistent dividend payout reflects Ryder's ongoing commitment to returning value to shareholders and its strong market position in logistics and transportation services.

Ryder System, Inc. (NYSE: R) announces the grand openings of five new used vehicle sales centers in Salt Lake City, Oklahoma City, Orlando, Syracuse, and Allentown. This expansion enhances Ryder's network, which already includes 60 Used Truck Center locations nationwide with over 4,000 pre-owned vehicles available. Growth in used vehicle sales is attributed to high demand and limited market inventory. Ryder aims to improve customer experience by offering quality vehicles, flexible financing, and comprehensive maintenance support.

Ryder System, Inc. (NYSE: R) announced its third quarter 2021 earnings conference call scheduled for October 27, 2021, at 11:00 a.m. Eastern Time. Key executives, including CEO Robert Sanchez and CFO John Diez, will discuss the company's performance. The call will be webcast, and investors can access it via a toll-free number or online. Ryder operates in logistics and transportation, managing around 235,000 commercial vehicles and over 300 warehouses across the US, Canada, Mexico, and the UK.

Ryder System, Inc. (NYSE: R) and Embark Trucks, Inc. are collaborating to create a nationwide network of up to 100 transfer points for autonomous freight operations. This initiative will focus on key markets in California, Arizona, Texas, Georgia, Tennessee, and Florida, aiming for a smooth launch by 2024. Ryder will manage yard operations and maintenance at these points, enhancing the logistical framework for Embark’s autonomous trucks. The partnership reflects both companies' commitment to advancing the autonomous trucking industry.

Ryder System, Inc. (NYSE: R) will provide a company update at the Morgan Stanley Virtual Laguna Conference on September 13, 2021, at 12:00 p.m. Eastern Time. CEO Robert Sanchez and CFO John Diez will present the update during this virtual event, which is accessible via Ryder's investor relations website.

Ryder is recognized for its logistics and transportation solutions, managing nearly 235,000 commercial vehicles and over 300 warehouses across North America and the UK.

Ryder System, Inc. (NYSE: R) has been recognized for the 9th consecutive year as one of Food Logistics' Top Third-Party Logistics & Cold Storage Providers for 2021. This recognition highlights Ryder's commitment to enhancing operations and meeting customer needs, especially crucial amidst evolving consumer preferences during the pandemic. Ryder serves nine of the top 10 food and beverage companies and recently expanded its e-commerce fulfillment solutions to include food-grade facilities, ensuring rapid delivery to U.S. consumers.