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) announced an upcoming earnings conference call on July 28, 2021, at 11:00 a.m. Eastern Time, where management will discuss second quarter 2021 results. The call will be accessible via a live webcast and will feature Chairman and CEO Robert Sanchez alongside CFO John Diez. Participants can access the call toll-free or through the webcast link provided. Following the call, a replay will be available, with details on how to access it included in the announcement. Ryder, a leader in logistics, operates a vast fleet and numerous warehouses across various countries.
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Ryder System has been recognized as one of the top supply chain projects for 2021 by Supply & Demand Chain Executive for its innovative logistics platform, RyderShareTM. This platform enhances real-time visibility and collaboration across the supply chain, enabling stakeholders to work together effectively and reduce delays. Customers like Do it Best Corp. reported a 70% surge in sales during the pandemic, leveraging RyderShare for operational efficiency, including a 50% increase in productivity and 99% on-time performance. This recognition underscores Ryder's commitment to transforming supply chain processes.
Ryder System, Inc. (NYSE: R) has been recognized as a 'Leader' in Gartner’s 2021 'Magic Quadrant for Third-Party Logistics, North America'. This evaluation of 19 logistics providers highlights Ryder's capabilities in navigating supply chain challenges during the pandemic. The report emphasizes the importance of agility and adaptability in 3PL services. Ryder continues to invest in technology and service to enhance operational efficiency and customer experience. The company has held a leadership position in this quadrant since 2017.
Ryder System, Inc. (NYSE: R) Chairman and CEO Robert Sanchez will present a company update at the Wolfe Research Transportation and Industrials Conference on May 25, 2021, at 2:25 p.m. EST. The virtual event aims to provide insights into Ryder's logistics and transportation operations, which include supply chain management, dedicated transportation, and fleet management solutions.
Ryder operates nearly 235,000 commercial vehicles and more than 300 warehouses, highlighting its extensive infrastructure and market presence.
Ryder System, Inc. (NYSE: R) declared a quarterly cash dividend of $0.56 per share, payable on June 18, 2021, to shareholders of record on May 24, 2021. This marks the company's 179th consecutive quarterly dividend, reflecting over 44 years of uninterrupted payments. Ryder is a leader in supply chain, dedicated transportation, and fleet management solutions, operating nearly 235,000 commercial vehicles and over 300 warehouses across the U.S., Canada, Mexico, and the U.K.
Ryder System, Inc. (NYSE: R) announced the appointment of John J. Diez as executive vice president and chief financial officer (CFO), succeeding Scott T. Parker, who resigned. Diez brings extensive experience from his 20-year tenure at Ryder, where he previously led the Fleet Management Solutions and Dedicated Transportation Solutions units, achieving strong revenue growth. Additionally, Tom Havens has been promoted to president of the Fleet Management Solutions business unit. Ryder aims to leverage these leadership changes for improved financial management and business performance.
Ryder System, Inc. (NYSE: R) will be represented by Chairman and CEO Robert Sanchez at the Goldman Sachs Industrials and Materials Virtual Conference on May 12, 2021, at 3:30 p.m. EDT. This event will provide insights into the company's logistics and transportation services. Ryder, recognized for innovations and safety, operates extensively with nearly 235,000 commercial vehicles and over 300 warehouses across the U.S., Mexico, Canada, and the U.K.
Ryder System, Inc. (NYSE: R) CEO Robert Sanchez will present a company update at the Virtual Wells Fargo Securities Industrial Conference. This event is set for May 5, 2021, at 12:40 p.m. EST. Ryder is recognized as a leader in logistics and transportation, managing approximately 235,000 commercial vehicles and over 300 warehouses across North America and the UK. Their diverse services include supply chain management, dedicated transportation, and fleet management solutions. Investors can access the webcast via the Ryder investor relations website.
Ryder System, Inc. (NYSE: R) reported strong first-quarter results for 2021, achieving GAAP EPS of $0.97 compared to a loss of $2.09 in 2020. Total revenue increased 3% year-over-year to $2.22 billion, driven by a 12% growth in Supply Chain Solutions. Fleet Management Solutions saw flat revenue, while Dedicated Transportation Solutions declined by 4%. The company anticipates FY21 GAAP EPS between $5.65 and $6.05, and aims for a return on equity of 12-13%. Ryder remains focused on enhancing sustainability and improving supply chain resiliency amidst a robust freight environment.