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. (NYSE: R) generates frequent news as a fully integrated port-to-door logistics and transportation company active across the United States, Mexico, and Canada. This news page aggregates coverage of Ryder’s announcements so readers can follow developments in its supply chain, dedicated transportation, and fleet management businesses.
Company news often includes earnings releases and conference call details, as reflected in Form 8-K filings that reference quarterly results and related webcasts. Investors can track when Ryder plans to report financial performance and how management discusses trends across its operations.
Ryder also issues news on strategic expansions and acquisitions. Recent examples include the opening of a full-service commercial truck rental and maintenance facility in McDonough, Georgia, and the acquisition of Truck Service Depot, an Atlanta-based mobile maintenance business that expands the Torque by Ryder retail mobile maintenance offering in Georgia and across multiple states. These updates illustrate how the company extends its presence in high-growth logistics corridors and enhances its fleet services.
Governance and capital allocation updates are another key theme. News releases have covered CEO succession plans, board appointments, and new share repurchase authorizations, giving insight into Ryder’s leadership transitions and approach to returning capital to shareholders.
Ryder’s news flow also highlights customer collaborations and industry recognition, such as a joint award with BJC Health System for transforming healthcare supply chain logistics, and community initiatives like record-setting United Way workplace campaigns. Readers interested in logistics, transportation, and supply chain management can use this page to follow how Ryder communicates its strategy, investments, and partnerships over time.
Ryder System, Inc. (NYSE: R) has partnered with REIN to launch 'Insurance Services by REIN' for its used vehicle sales customers. This comprehensive embedded insurance offering aims to streamline the insurance process at the point of truck purchase, enhancing customer experience. With 58 Used Truck Centers across the U.S., Ryder provides a vast array of pre-owned commercial vehicles. The new insurance services will be available starting February 1, simplifying the often complex insurance selection for customers.
Ryder System, Inc. (NYSE: R) announced its upcoming fourth quarter 2021 earnings conference call scheduled for February 16, 2022, at 11:00 a.m. Eastern Time. Management, including Chairman and CEO Robert Sanchez and CFO John Diez, will review the financial results during the call, which will be accessible via a live webcast. Investors can also call in using the provided toll-free numbers. Ryder is recognized for its leadership in logistics and transportation solutions, managing over 235,000 vehicles and 300 warehouses across North America and the UK.
Ryder System, Inc. (NYSE: R) announced the redemption of all outstanding 2.80% medium-term notes due February 11, 2022, with a total principal amount of $300 million. Investors will receive a redemption price equal to 100% of the principal plus accrued interest from September 1, 2021, to the redemption date. Following the redemption, interest will cease on these notes. Investors are advised to contact their banks or brokers for redemption payment details.
Ryder System, Inc. (NYSE: R) has completed two strategic acquisitions: Whiplash for $480 million on January 1, 2022, and Midwest Warehouse & Distribution System, enhancing its supply chain solutions. These acquisitions are expected to generate approximately $615 million in combined gross revenue for 2022, bolstering Ryder's e-commerce fulfillment network and multi-client warehousing capabilities. Whiplash brings a robust technology platform and a customer base of over 250 brands, while Midwest adds nine multi-client warehouses. The transactions aim to drive shareholder value and align with Ryder's growth strategy.
Ryder System, Inc. (NYSE: R) has secured a $1.4 billion five-year global revolving credit facility, expiring on December 14, 2026, involving 11 global institutions. This move is aimed at enhancing Ryder's liquidity for working capital and other corporate needs. CFO John Diez emphasized the importance of this agreement for solidifying Ryder's financial position. The transaction was supported by major banks including BofA Securities and MUFG Bank, showcasing strong confidence from financial partners.
Ryder System, Inc. (NYSE: R) will participate in CES 2022 in Las Vegas from January 5-8, showcasing its innovative supply chain solutions. Chief Marketing Officer Karen Jones will be on a panel discussing supply chain challenges. Ryder's exhibit will highlight its e-commerce and omnichannel fulfillment capabilities, assuring deliveries across the U.S. within two days. Jones emphasized Ryder's focus on emerging technologies, including collaborations with autonomous trucking startups, to enhance logistics agility and efficiency.
Ryder System, Inc. (NYSE: R) announced its definitive agreement to acquire Whiplash for
Blackline Cold Storage has partnered with Ryder System (NYSE: R) to manage operations at its new 298,000 square foot cold storage facility in Houston, TX. This state-of-the-art development aims to address the increasing demand for cold storage amid supply chain challenges. With features like segregated temperature zones and rail connectivity, the facility promotes operational efficiency and customer satisfaction. Blackline's CEO emphasized the strategic importance of this collaboration as they prepare for a launch in the first quarter of 2022.
Ryder System, Inc. (NYSE: R) will be represented by Executive Vice President and CFO John Diez at the Stephens Annual Investment Conference in Nashville, TN, on December 2, 2021, at 11:00 a.m. CST. This conference presents an opportunity for Ryder to discuss its business strategies and financial performance. Investors and interested parties can access the live webcast through Ryder's investor relations page.
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