Ryder System, Inc. - R STOCK NEWS

Levi & Korsinsky announced a $45,000,000 settlement fund for Ryder System (NYSE: R) shareholders. The settlement addresses claims from shareholders who purchased Ryder common stock between July 23, 2015, and February 13, 2020, and were financially harmed. To benefit from the settlement, class members must file a claim by September 11, 2024. Details and claim forms are available on their website. Levi & Korsinsky, although not directly involved in the litigation, has a strong track record in securities litigation, ranking in ISS Securities Class Action Services' Top 50 for seven consecutive years. For assistance, contact Levi & Korsinsky directly.

Ryder System will return to the Advanced Clean Transportation (ACT) Expo in Las Vegas from May 20-23. Chairman and CEO Robert Sanchez is set to deliver a keynote on May 22, titled “Fleet Electrification in the Real World,” addressing the economic impacts of converting diesel commercial vehicles to electric vehicles (EVs). Ryder's recent analysis, “Charged Logistics: The Cost of Electric Vehicle Conversion for U.S. Commercial Fleets,” highlights the total cost of transport (TCT) for light-, medium-, and heavy-duty commercial vehicles, emphasizing the affordability of light-duty EVs and the higher costs associated with medium- and heavy-duty EVs. During the event, Ryder will showcase their RyderElectric+ EV solutions, including advisors, EVs, chargers, and maintenance at booth #1944.

Ryder System, Inc. (R) releases a quantitative analysis on converting commercial diesel vehicles to electric vehicles (EV) in today's market. The data shows an increase in the total cost to transport goods by EV versus diesel across all vehicle classes, ranging from up to 5% to 114%. The analysis reveals that the business case for EV conversion is not yet viable due to technology limitations and lack of charging infrastructure. The potential inflationary impact of converting to EVs is estimated to add 0.5% to 1% to overall inflation.

Ryder System, Inc. (NYSE: R) has declared a regular quarterly cash dividend of $0.71 per share, paying on June 21, 2024, to shareholders of record on May 20, 2024. This marks Ryder's 191st consecutive quarterly dividend payment, demonstrating over 47 years of consistent dividend distribution.

Ryder System, Inc. has been selected by U.K.-based footwear brand FitFlop to provide supply chain and logistics services for their ambitious North American expansion plans. Ryder's technology and scalability were key factors in FitFlop's decision. The new U.S. logistics operations are strategically located within Ryder's 700,000-square-foot warehouse in Columbus, Ohio, providing faster fulfillment times, expanded transportation capabilities, and increased supply chain resilience. The collaboration aims to enhance service for FitFlop's omnichannel customers and support the brand's growth in the region.

Ryder System, a leader in supply chain and fleet management solutions, has been honored as a 2024 VETS Indexes Recognized Employer. The award recognizes Ryder's commitment to hiring, retaining, and supporting veterans and the military-connected community. Ryder has hired over 15,300 veteran employees in the U.S. since 2011 and offers various programs to support veteran hiring initiatives. The company also provides military discounts to its customers, showcasing its dedication to the veteran community.

Ryder System, a leader in supply chain and fleet management, opens a new multiclient logistics facility in El Paso, Texas near the U.S.-Mexico border to support nearshoring and cross-border trade. The facility provides cross-dock services, ambient storage, and value-added services with 20 dock doors and 350 trailers capacity. The site strategically located along a key trade corridor for northbound goods out of Juarez, Mexico, offering easy interstate access in all directions.

Ryder Reports Solid Q1 Results, Raises Full-Year 2024 Forecast. The company's GAAP EPS and total revenue increased, with a strong performance in Supply Chain Solutions and ChoiceLease. CEO Robert Sanchez highlights the transformation of the business model and resilient growth. Despite challenges in the used vehicle sales and rental market, Ryder remains confident in its balanced growth strategy and profitable growth outlook.

Ryder System, Inc. (R) contract manufacturing and packaging arm receives Business Partner Excellence Award from P&G. The award recognizes outstanding achievement in partnership, engagement, and excellence in the supply chain. Ryder is a leader in supply chain, transportation, and fleet management solutions, serving top consumer brands.