Ryder System, Inc. reports developments in outsourced logistics and transportation services across the United States, Canada, and Mexico. The company provides supply chain, dedicated transportation, and fleet management solutions, including managed transportation, freight brokerage, dedicated contract carriage, full-service fleet leasing and maintenance, commercial truck rental, warehousing and distribution, e-commerce fulfillment, last-mile delivery, contract manufacturing and packaging, and used vehicle sales.
Recurring Ryder news covers quarterly operating results, segment performance in Fleet Management Solutions, Supply Chain Solutions, and Dedicated Transportation Solutions, cash dividends, share repurchase authorizations, facility expansions, technology-enabled fleet services, automation, electric-vehicle solutions, industry conference updates, and customer demand across logistics, transportation, automotive, retail, and industrial markets.
Ryder System (NYSE: R) has been recognized by Supply & Demand Chain Executive’s ‘Top Supply Chain Projects’ award for 2024. The accolade honors Ryder's transformation of supply chain operations for Southern Glazer's Wine & Spirits through its RyderShare™ platform. This digital solution enhanced visibility, productivity, and customer service, achieving 100% freight visibility, a 50% productivity increase, and a 98% on-time performance rating. RyderShare™ provided real-time actionable insights, addressing critical gaps in Southern Glazer’s supply chain and contributing to significant efficiency improvements.
Ryder System, a leader in supply chain, dedicated transportation, and fleet management solutions, will host its 2024 Investor Day in New York City on June 13, 2024. The event will feature presentations and Q&A sessions with senior leadership, including CEO Robert Sanchez and CFO John Diez. Ryder is increasing its long-term adjusted return on equity (ROE) target to 20%-22%, up from the previous 17%-19%. The company aims to accelerate profitable growth through operational excellence and customer-centric innovation. Webcast registration is required, and materials will be available on Ryder's Investor Relations website.
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.
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