Ryder System, Inc. - R STOCK NEWS

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.

COOP by Ryder® has expanded its truck and trailer sharing platform to North Carolina, Tennessee, and California, following successful launches in Georgia, Florida, and Texas. This platform allows fleet owners to rent out idle vehicles, generating additional revenue. The expansion capitalizes on North Carolina's strong logistics industry, benefiting over 21,000 local trucking companies. Since its inception in 2018, COOP has achieved 250% year-over-year growth and now operates in 34 states, offering flexible insurance options for fleet owners.

Ryder System, Inc. (NYSE: R) has announced it will provide up to six hours of paid time off (PTO) for employees to receive the COVID-19 vaccine. This includes three hours for the initial vaccine and three hours for a second dose. Ryder emphasizes employee health and safety, encouraging vaccination without mandating it. The company is actively collaborating with health authorities to prioritize its essential workers for vaccination. Ryder's commitment to maintaining a healthy workforce aligns with its core values of trust and safety.

COOP by Ryder has expanded to three new markets: California, Tennessee, and North Carolina, enhancing its presence across the U.S. This follows a successful launch in Georgia, Florida, and Texas. The platform, which connects fleet owners with idle vehicles to businesses needing rentals, has seen significant growth, achieving 250% year-over-year growth since 2018. Additionally, COOP’s insurance program now covers 34 states, allowing customers to rent vehicles flexibly. Major users like Premier Refrigerated Transport have reported positive operational impacts through the platform.

Ryder System, Inc. (NYSE: R), a leading logistics and transportation company, announced its fourth quarter 2020 earnings conference call scheduled for February 11, 2021, at 11:00 a.m. Eastern Time. During the call, management will discuss the company's financial performance and results from Q4 2020. The event will be accessible via a live webcast. Ryder provides a range of solutions, including supply chain, dedicated transportation, and fleet management, operating across the U.S., Mexico, Canada, and the UK.

Ryder System, Inc. (NYSE: R) has been recognized in Food Logistics’ 2020 FL100+ Top Software and Technology Providers for the eighth consecutive year. This list highlights essential providers for the global food and beverage supply chain.

The company's cloud- and mobile-based technologies enable enhanced supply chain efficiency and productivity, crucial during the pandemic. Ryder supports nine of the top 10 food and beverage companies, showcasing its innovative solutions like RyderShare™ and OpsBox, which improve operational visibility and labor productivity by over 10%.