Ryder System, Inc. - R STOCK NEWS

Farmmi, Inc. (NASDAQ: FAMI), a Chinese agriculture products supplier, has announced a significant expansion of its North American operations. The company's subsidiary, FARMMI USA INC., has signed a sublease agreement for a large distribution and storage center in the Los Angeles area, California. The facility, managed by Ryder Truck Rental inc., spans 636,000 square feet, with 315,000 square feet of warehouse space and includes a dedicated rail line for sea-rail intermodal transportation.

This move marks a major step in Farmmi's global expansion strategy and is expected to enhance the company's international cooperation capabilities. CEO Yefang Zhang emphasized that this development represents a breakthrough towards Farmmi's globalization goals and is aimed at creating greater value for shareholders.

Ryder System, Inc. (NYSE: R) has been recognized as one of America's Greatest Workplaces for 2024 by Newsweek, earning a 4.5-star score. This accolade highlights Ryder's commitment to fostering a positive, inclusive, and innovative work environment. The recognition is based on a comprehensive study conducted by Newsweek and Plant-A Insights Group, involving over 1.5 million company reviews from more than 250,000 employees across 78 industries.

The assessment evaluated 15 key areas, including corporate culture, working conditions, workforce diversity, and career development opportunities. Ryder Chairman and CEO Robert Sanchez emphasized the company's pride in this recognition, stating that investing in their workforce is important to their success. This honor adds to Ryder's recent recognitions by Newsweek as one of America's Greatest Workplaces for Diversity and for Women.

Ryder System, Inc. (NYSE: R) has announced its acquisition of Pit Stop Fleet Service, a move that will significantly expand its Torque by Ryder™ retail mobile maintenance business. The acquisition, expected to close by August 1, will add approximately $24 million in gross revenue to Ryder's business in 2025 and provide incremental growth to earnings. With this acquisition, Ryder's retail mobile maintenance services will be available in 140 markets across 20 states, with plans for further expansion.

The integration will bring Pit Stop's employees, assets, and operations under Ryder's umbrella, creating synergies and benefiting customers of both companies. Torque by Ryder™ will now have a workforce of about 200 technicians, offering comprehensive support for a wide range of commercial vehicles, including trucks, trailers, delivery vans, and emergency response vehicles.

The Board of Directors of Ryder System has declared a regular quarterly cash dividend of $0.81 per share of common stock, marking a $0.10 increase from the previous dividend. This enhanced dividend will be paid on September 20, 2024, to shareholders of record as of August 19, 2024.

Ryder, a leader in supply chain, dedicated transportation, and fleet management solutions, has maintained its dividend payments for 192 consecutive quarters, spanning over 48 years. The consistent dividend payments highlight Ryder's financial stability and commitment to returning value to its shareholders.

Ryder, a leader in supply chain, dedicated transportation, and fleet management, has recognized three truck drivers for their exemplary safety records and performance. The company's 'Driver of the Year' awards went to Darryl Tolle, Anslum Hudlin, and Richard Landry, who collectively have 122 years of driving experience and nearly 11.3 million safe miles. Tolle, with 41 years of experience, was recognized for his service in Ryder’s Supply Chain Solutions. Hudlin, with 43 years of experience, was honored for his work in Ryder’s Dedicated Transportation Solutions. Landry, a veteran driver for Ryder’s Fleet Management Solutions, is the first Canada-based winner of this award. This marks the 52nd year of Ryder's prestigious awards program, which emphasizes safety, performance, and customer service.

Ryder System, a leader in supply chain, dedicated transportation, and fleet management solutions, has announced its Q2 2024 earnings conference call for July 25, 2024, at 11:00 a.m. ET. Management, including Chairman and CEO Robert Sanchez and EVP & CFO John Diez, will discuss the company's financial results. The call will be webcast live, with a replay available on Ryder's investor website.

Participants can register via the provided link or join toll-free at 888-394-8218 (U.S.) or 323-994-2093 (international) using the audio passcode 'Ryder' and conference leader Calene Candela.

Ryder (NYSE: R), a leader in supply chain and fleet management, has been honored with Food Logistics' Top 3PL & Cold Storage Providers award for the 12th consecutive year. The award recognizes Ryder's innovative solutions in the cold food and beverage industry, including its cutting-edge technologies such as RyderShare™, a platform providing real-time visibility of goods across the supply chain. Ryder's services, enhanced by the recent acquisition of Impact Fulfillment Services (IFS), now cover co-packaging and co-manufacturing, particularly supporting consumer packaged goods (CPG). These advancements are aimed at improving supply chain resilience and efficiency for top Fortune 500 companies.

Levi & Korsinsky announces a $45 million settlement in the class action lawsuit against Ryder System (NYSE: R). This settlement benefits shareholders who acquired Ryder common stock between July 23, 2015, and February 13, 2020, and were damaged. Eligible class members must file a claim form by September 11, 2024, to receive their share of the settlement fund. Levi & Korsinsky has a history of recovering substantial sums for shareholders and is not involved as lead counsel in this case but provides this information to ensure timely claims filing.

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.