Ryder Sys Stock Price, News & Analysis

Ryder System, Inc. (NYSE: R) announced a $30 million bonus for nearly 30,000 frontline employees in North America as recognition for their efforts during the pandemic. Full-time employees will receive $1,000, while part-time employees will receive $500, with payments scheduled for December 14. This initiative reflects Ryder's commitment to its workforce amid the COVID-19 crisis, where operations largely remained uninterrupted. The total expense will impact the fourth quarter results, underscoring Ryder's investment in employee wellbeing as a key factor in maintaining operational strength and customer service effectiveness.

Ryder System, Inc. (NYSE: R) will participate in the Stephens Virtual Investment Conference on November 17, 2020. Scott Parker, the Executive Vice President and CFO, will provide a company update during the presentation scheduled for 3 p.m. Eastern Standard Time. Ryder is a prominent logistics and transportation company, managing over 250,000 vehicles and 300 warehouses across the U.S., Mexico, Canada, and the UK. The company is recognized for its industry-leading practices and services, which include supply chain solutions, dedicated transportation, and fleet management.

Ryder System, Inc. (NYSE: R) will be featured in Baird's 2020 Virtual Global Industrial Conference, with CEO Robert Sanchez presenting a company update. The event is scheduled for Thursday, November 12, 2020 at 1:25 p.m. EST. The presentation will be available through a live webcast on Ryder's investor relations website. Ryder is a prominent logistics and transportation provider, offering services across the U.S., Canada, Mexico, and the U.K., with a fleet of over 250,000 vehicles and more than 300 warehouses, totaling 55 million square feet.

Ryder System, Inc. (NYSE: R) reported its Q3 2020 financial results, showing a recovery from previous year losses. Key highlights include earnings before taxes of $54.8 million, compared to a loss of $91.3 million in 2019, and a diluted EPS of $0.85 versus a loss of $1.75 last year. Total revenue declined by 3% to $2.15 billion, with notable performance in Supply Chain Solutions, which rose by 11%. The company anticipates record free cash flow of $1.4 to $1.5 billion for 2020, alongside a resumption of its share repurchase program. CEO Robert Sanchez emphasized the improvements in used vehicle sales and rental markets amidst COVID-19 challenges.

Ryder System, Inc. (NYSE: R) has launched RyderVentures, a new corporate venture capital fund aimed at investing $50 million over five years. The fund will focus on start-ups innovating in logistics and transportation technology amidst growing e-commerce demands. Ryder aims to leverage its extensive industry experience and customer base to expedite the development of solutions that address customer challenges. Through partnerships with start-ups, Ryder seeks to enhance its capabilities in automation, data analytics, and next-generation vehicles.

Ryder System, Inc. (NYSE: R) has launched a touchless check-in process for drivers across nearly 800 maintenance locations in North America. This initiative enhances safety during the pandemic by minimizing in-person contact. The RyderGyde mobile tool utilizes geo-location technology, allowing drivers to check in through QR codes with minimal interaction. This innovation aims to improve both driver safety and operational efficiency, aligning with Ryder's commitment to customer service and health-focused experiences.

Ryder System, Inc. (NYSE: R) has launched a new mobile-friendly used vehicle sales website, ryder.com/used-trucks, featuring expanded inventory and enhanced search tools to improve customer access to pre-owned vehicles. The site integrates inventory from 156 additional Ryder rental and maintenance facilities, allowing for a seamless online and physical shopping experience. Ryder has also opened several new used vehicle sales centers in key markets and plans further expansions, enhancing its presence in North America’s used vehicle market.

The law firm Shuman, Glenn & Stecker is investigating potential shareholder claims against Ryder System, Inc. (NYSE: R). This follows a class action lawsuit filed on May 20, 2020, alleging that Ryder's senior officers inflated truck residual values to manipulate financial statements and mislead investors. Significant reductions to residual values led to a $357 million depreciation expense for 2019, resulting in a stock price drop of 23% after the announcement. Investors with claims or information are encouraged to contact Brett Stecker.