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Ryder System, Inc. - R STOCK NEWS

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.
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Ryder System, Inc. (NYSE: R) has announced the authorization of two new share repurchase programs aimed at enhancing capital structure and shareholder returns. The discretionary program allows for the repurchase of up to 2.0 million shares from October 14, 2021, to October 14, 2023, while the anti-dilutive program permits repurchases of up to 2.5 million shares, also within the same timeframe. The initiatives are designed to mitigate dilution from employee stock plans and provide flexibility in managing balance sheet leverage and acquisition opportunities.

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Ryder System, Inc. (NYSE: R) has announced a definitive agreement to acquire Midwest Warehouse & Distribution System, enhancing its growth in supply chain solutions. The acquisition, anticipated to close in early November 2021, is expected to add approximately $135 million in annual revenue in 2022. With facilities primarily in the greater Chicago area, Midwest reinforces Ryder's multi-client warehousing capabilities, enabling better service for existing customers and the potential to attract new ones.

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Ryder System reported strong third-quarter 2021 results, with GAAP EPS from continuing operations rising to $2.58, a significant increase from $0.85 in the prior year. Total revenue reached $2.5 billion, up 14%, driven by growth across all business segments. The company raised its full-year GAAP EPS forecast to $8.60-$8.70. Ryder's acquisition of Midwest Warehouse & Distribution System is expected to enhance its supply chain operations. Despite challenges from labor shortages, the outlook remains positive with anticipated ROE of 18%-19% and free cash flow of $1.0-$1.1 billion.

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Ryder System, Inc. (NYSE: R) announces that Frank Lopez, its Executive Vice President and CHRO, has been awarded the 2021 Top CHRO Award by N2Growth in collaboration with Stanford Graduate School of Business. This recognition celebrates HR leaders committed to enhancing workplace environments and employee engagement. Lopez's leadership is noted for positively impacting Ryder's organizational culture and employee satisfaction, particularly during the pandemic. Ryder continues to emphasize the importance of HR initiatives in supporting its operational success and customer satisfaction.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Ryder System (R)?

The current stock price of Ryder System (R) is $155.66 as of December 20, 2024.

What is the market cap of Ryder System (R)?

The market cap of Ryder System (R) is approximately 6.6B.

What services does Ryder System, Inc. provide?

Ryder offers fleet management, dedicated transportation, and supply chain solutions including full-service leasing, commercial rental, logistics, and turnkey transportation.

Is Ryder System, Inc. a Fortune 500 company?

Yes, Ryder System, Inc. is a Fortune 500 company.

What index is Ryder System, Inc. a part of?

Ryder is a component of the Dow Jones Transportation Average and the S&P 500 index.

What are the main business segments of Ryder?

Ryder operates through Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS).

Has Ryder received any industry recognition?

Yes, Ryder has been named among Fortune's World's Most Admired Companies and is recognized for its third-party logistics, environmentally-friendly solutions, and safety programs.

What is the recent news about Ryder System, Inc.?

Recently, a settlement of $45,000,000 was announced in the class action lawsuit against Ryder, benefiting shareholders who acquired stock between July 23, 2015, and February 13, 2020.

How can I learn more about Ryder's services?

For more information, visit Ryder's official website at www.ryder.com, or follow them on social media platforms like Facebook, Twitter, Google+, and YouTube.

What is Ryder's role in disaster response?

Ryder supports national and local disaster preparedness and response efforts as a member of the American Red Cross Disaster Responder Program.

Who are the notable partners of Ryder?

Ryder partners with major corporations and organizations to provide comprehensive fleet management, logistics, and transportation solutions.

How does Ryder contribute to sustainability?

Ryder is committed to sustainability through its environmentally-friendly fleet and supply chain solutions.

Ryder System, Inc.

NYSE:R

R Rankings

R Stock Data

6.58B
41.27M
2.25%
90.55%
2.15%
Rental & Leasing Services
Services-auto Rental & Leasing (no Drivers)
Link
United States of America
MIAMI