Ryder System, Inc. - R STOCK NEWS

Ryder System, Inc. (NYSE: R) announces that Scott Parker, Executive Vice President and CFO, will present at the J.P. Morgan Industrials Conference on March 15, 2021, at 1:10 p.m. EST. The event will be held virtually. The presentation aims to provide insights on the company's strategies and performance in the logistics and transportation sector. Ryder is recognized for its advanced logistics solutions and operates nearly 235,000 commercial vehicles and over 300 warehouses across North America and the UK.

Ryder System, Inc. (NYSE: R) has announced an updated Fleet Buy-Out Program, enabling customers to trade in their fleets for new leases. This program guarantees competitive offers for used commercial vehicles, allowing customers to convert aging vehicles with ease. The initiative aims to help businesses save money, free up capital, and simplify fleet management. Ryder supports a diverse range of customers and offers maintenance and 24/7 assistance through the leasing program, eliminating complexities associated with vehicle ownership.

Ryder System, Inc. (NYSE: R) reported its Q4 2020 results, showing significant year-over-year earnings improvement. The total revenue declined 3% to $2.21 billion, with a notable 10% increase in Supply Chain Solutions revenue. The company's GAAP EPS was $0.48, compared to a loss of $1.02 in 2019. Ryder generated $1.6 billion in free cash flow, aligning with its cyclical targets. The outlook for 2021 includes mid-single digits revenue growth and a projected GAAP EPS of $4.18 to $4.68, driven by lower depreciation and improved market conditions.

Ryder System, Inc. (NYSE: R) announced that Chairman and CEO Robert Sanchez will provide a company update during Citi's 2021 Global Industrials Virtual Conference on February 17, 2021, at 1:00 PM EST. Ryder is recognized for its logistics and transportation solutions, including supply chain management, dedicated transportation, and fleet management. The event will be accessible via a live webcast at Ryder's investor relations page.

Ryder System, Inc. (NYSE: R) declared a quarterly cash dividend of $0.56 per share, payable on March 19, 2021 to shareholders on record as of February 16, 2021. This dividend marks Ryder's 178th consecutive quarterly payment, showcasing over 44 years of uninterrupted dividends, reflecting the company’s ongoing commitment to returning value to shareholders. Ryder is recognized as a leader in supply chain, dedicated transportation, and fleet management solutions, operating over 300 warehouses and managing more than 250,000 commercial vehicles.

COOP by Ryder® has announced its expansion into the Tennessee market, enhancing its truck and trailer sharing platform. This move allows fleet owners with idle vehicles in Tennessee to rent out their trucks, box trucks, and trailers, unlocking new revenue opportunities. The expansion also includes North Carolina and California, following successful launches in Georgia, Florida, and Texas. COOP has experienced 250% year-over-year growth since 2018. Additionally, its insurance program now spans 34 states, providing flexibility for customers utilizing the platform.

COOP by Ryder® has expanded its vehicle-sharing platform to California, Tennessee, and North Carolina, following successful rollouts in Georgia, Florida, and Texas. This expansion allows fleet owners in California with idle vehicles to rent them out, creating additional revenue streams. With 250% year-over-year growth since 2018, COOP's platform provides flexibility for clients amid fluctuating demand. The company has also extended its insurance program to 34 states, enhancing coverage options for customers across various markets. COOP is positioned to capitalize on California's significant trucking market.