Welcome to our dedicated page for Ryder Sys news (Ticker: R), a resource for investors and traders seeking the latest updates and insights on Ryder Sys stock.
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 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.
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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.
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Ryder System, Inc. (NYSE: R) will host its third quarter 2022 earnings conference call on October 26, 2022, at 11:00 a.m. Eastern Time. The call will be led by Chairman and CEO Robert Sanchez and CFO John Diez, and will be available via live webcast. Interested participants can join by registering online or by calling toll-free numbers. A replay of the conference call will also be accessible within 24 hours on the company's investor website. Ryder is recognized for its logistics and transportation services, operating over 330 warehouses globally.
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Ryder System, Inc. (NYSE: R) announced that Chairman & CEO Robert Sanchez will address the Morgan Stanley 10th Annual Laguna Conference on September 14, 2022, at 11:40 a.m. PT. The conference will be held virtually, providing investors with insights into the company's operations and strategies. Ryder is a leading logistics and transportation company, offering a range of solutions, including supply chain, dedicated transportation, and fleet management services. For more details, access the live webcast at investors.ryder.com.
Ryder System, Inc. (NYSE: R) has acquired Baton, a San Francisco-based start-up specializing in logistics technology. The deal, finalized on August 31, follows Ryder's investment in Baton through its corporate venture fund, RyderVentures. The acquisition aims to enhance Ryder's supply chain and transportation solutions by integrating Baton’s innovative logistics technology and its core development team. Co-founders Andrew Berberick and Nate Robert will take leadership roles at Ryder, focusing on advancing technology-driven customer solutions.
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