Ryder Sys Stock Price, News & Analysis

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Aurora Innovation Inc. (NASDAQ: AUR) and Ryder System, Inc. (NYSE: R) have announced a strategic collaboration to pilot on-site fleet maintenance at Aurora’s terminal in South Dallas. This partnership aims to enhance the utilization of autonomous trucks by embedding Ryder technicians to provide essential maintenance services. The initiative targets improved performance and minimizing downtime, which is crucial as Aurora anticipates increasing pilot customer hauls to 100 per week by the end of 2023. The collaboration is a significant step toward the commercialization of autonomous trucks.

Ryder System, Inc. (NYSE: R) has acquired Dotcom Distribution, enhancing its e-commerce fulfillment capabilities for high-value markets like health, beauty, and fashion. This strategic acquisition includes a 400,000-square-foot fulfillment center in Edison, New Jersey, aimed at expanding Ryder's national footprint. The experienced leadership of Dotcom, including CEO Maria Haggerty, will join Ryder to facilitate a smooth integration. Ryder aims to leverage synergies and accelerate growth in omnichannel solutions, continuing its commitment to innovation and customer satisfaction.

Ryder System, Inc. (NYSE: R) will have EVP and CFO John Diez present a company update at the Baird 2022 Global Industrial Conference in Chicago, IL, on Tuesday, November 8, 2022, at 1:45 p.m. CT. This event will provide insights into the company's logistics and transportation operations, which encompass supply chain, dedicated transportation, and fleet management services. Ryder operates over 330 warehouses and manages nearly 239,000 commercial vehicles across North America and the UK, serving various renowned brands.

Ryder System reported a robust third-quarter 2022 performance, with GAAP EPS from continuing operations at $4.82, up from $2.58 a year ago. Total revenue reached $3.0 billion, an increase of 23%, driven by gains across all business segments, notably a 50% rise in supply chain solutions. The company raised its full-year EPS forecasts, anticipating GAAP EPS between $16.40 and $16.60. Free cash flow estimates also increased to $800 million - $900 million. Ryder’s balance sheet remains strong, facilitating targeted acquisitions and shareholder returns.

Ryder System, Inc. (NYSE: R) has declared its 185th consecutive quarterly cash dividend of $0.62 per share. This payment will be made on December 16, 2022 to shareholders of record as of November 21, 2022. The company has maintained uninterrupted dividend payments for over 46 years, showcasing its commitment to returning value to shareholders. Ryder operates in logistics and transportation, managing nearly 239,000 commercial vehicles and 330 warehouses across multiple countries, including the U.S., Canada, Mexico, and the U.K.

Ryder System, Inc. (NYSE: R) announced that Karen Jones, EVP and CMO, received the 2022 Women in Supply Chain award from Supply & Demand Chain Executive. This award recognizes female leaders for their mentorship and achievements in supply chain management. Jones is noted for her innovation in developing RyderShare™, a real-time visibility and collaboration platform, and COOP by Ryder®, the largest truck-sharing platform. Ryder continues to emphasize diversity as a core value to foster new ideas and solutions.