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, Inc. (NYSE: R) has been awarded the prestigious Overdrive award by General Motors (NYSE: GM) during GM’s 31st annual Supplier of the Year awards, held in San Antonio, Texas on March 22, 2023. Ryder was recognized among 16 companies for outstanding achievements in areas including sustainability, innovation, relationships, and supply chain efficiency. This marks the 11th time Ryder has received such recognition since the award's inception in 2012. With a partnership dating back to 1986, Ryder supports over 40 GM sites across North America, showcasing their long-term commitment and expertise in supply chain solutions.
The Overdrive award highlights Ryder's role in enhancing GM's supply chain resilience and efficiency, especially in a challenging automotive industry environment.
Ryder System (NYSE: R) has announced plans to add 4,000 BrightDrop electric vans to its rental and lease fleet by 2025, with 200 units ordered for 2023. This initiative aims to meet increasing demand for commercial electric vehicles in logistics. The new Zevo 600 and Zevo 400 models will enhance sustainability for Ryder's customers, offering up to 250 miles on a full charge and payload capacities of 2,000 to 3,400 lbs. The rollout will begin in key locations such as California, Dallas-Fort Worth, and New York City.
Ryder System, Inc. (NYSE: R) has been recognized by Newsweek as one of the Most Trustworthy Companies in America for 2023, ranking in the Transport, Logistics & Packaging category. This accolade reflects trust ratings from a survey of about 25,000 U.S. residents, focusing on customer, investor, and employee trust. Ryder CEO Robert Sanchez noted this recognition underscores the company’s commitment to excellence and trustworthy relationships, which have driven its success for over 90 years. Ryder achieved this alongside its recognition as one of America’s Most Responsible Companies in previous years.
Summary not available.
Ryder System, Inc. (NYSE: R) announced its upcoming first quarter 2023 earnings conference call scheduled for April 26, 2023, at 11:00 a.m. Eastern Time. The call will review the company's financial performance for the first quarter. Chairman and CEO Robert Sanchez, along with CFO John Diez, will be leading the discussion. Investors can participate via a live webcast or by phone. After the call, a replay will be available on Ryder's investor website. Ryder continues to be a major player in logistics, providing various services across the U.S., Canada, and Mexico.
Summary not available.
Ryder System, Inc. (NYSE: R) has launched a limited-time discount program for women-owned businesses that are members of the Women in Trucking Association (WIT), offering 5% off pre-owned commercial vehicle purchases. This initiative reflects Ryder's commitment to enhancing customer experience in fleet management while supporting gender diversity in trucking careers. The company provides easy online access to its used vehicle inventory, with dedicated staff available for consultations. Ryder also supports education and training for women in transportation through scholarships, aiming to bridge the gender gap in the industry.
Ryder System, Inc. (NYSE: R) has sold its Miami headquarters campus for $42.1 million to Bridge Industrial. The 16.8-acre property, home to Ryder's 248,989-square-foot office since 2005, was deemed too large post-pandemic. CEO Robert Sanchez stated the decision to downsize was necessary due to reduced office space needs. Ryder will lease back the site for up to 12 months while seeking a new headquarters in the Coral Gables area, aiming for a space suited for a hybrid work model. Ryder remains committed to Miami-Dade County, where it was founded in 1933.
Ryder System, Inc. (NYSE: R) announced that its Chairman and CEO, Robert Sanchez, will address the J.P. Morgan Industrials Conference on March 14, 2023, at 2:50 p.m. EST. The conference will take place in New York City. Ryder is known as a leader in logistics and transportation, offering various solutions including supply chain management, dedicated transportation, and fleet management. Investors are encouraged to tune in to the live webcast available at Ryder's investor relations website.
Summary not available.