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), a Fortune 500 leader in transportation logistics, maintains this comprehensive news hub for investors and industry professionals. Access verified press releases and strategic updates across Ryder's core operations in fleet management, supply chain solutions, and dedicated transportation services.
This resource consolidates essential announcements including quarterly earnings reports, sustainability initiatives, technology partnerships, and operational expansions. Users gain direct insight into Ryder's market positioning through material developments in commercial leasing programs, logistics optimization strategies, and industry safety standards.
Regular updates cover Ryder's responses to evolving supply chain demands, fleet electrification progress, and strategic collaborations within the transportation sector. The curated news selection enables stakeholders to monitor regulatory compliance updates, service area expansions, and leadership changes impacting North American logistics networks.
Bookmark this page for structured access to Ryder's official communications, featuring verifiable updates on maintenance program enhancements, logistics technology deployments, and corporate responsibility initiatives. Combine this resource with SEC filings and market analysis for complete due diligence on R stock performance drivers.
Ryder System has released its 10th annual e-commerce consumer study, highlighting evolving consumer behaviors. The 2024 study, titled 'The Influence of Omnichannel Excellence on Consumer Behavior', reveals a 21% increase in in-store shopping sentiment. Despite a strong affinity for e-commerce, consumers are returning to physical stores for experiences like trying items on and comparing products. Key findings include:
- 61% enjoy in-store shopping for the experience, up 21% from last year.
- 35% shop in-store to avoid waiting for deliveries, up 4%.
- 15% shop in-store to avoid package theft, up 8%.
- 41% of cosmetics shoppers and 54% of apparel shoppers prefer physical locations, both up 9%.
- 55% prefer returning online purchases in-store, a 15% increase.
- 77% use mobile devices to search for items while in-store.
The study emphasizes the importance of omnichannel strategies for retailers to meet evolving consumer expectations and enhance customer satisfaction.
Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, has announced details for its third quarter 2024 earnings conference call. The call is scheduled for Thursday, October 24, 2024, from 11:00 a.m. to 12:00 p.m. Eastern Time. During the call, management will review the company's third quarter 2024 results.
The conference call will be accessible via a live webcast on Ryder's website. Participants can also join by phone using the provided toll-free and international numbers. Chairman and CEO Robert Sanchez and Executive VP and CFO John Diez will lead the call. A replay of the webcast will be available in the Investors area of Ryder's website after the event.
Ryder System, Inc. (NYSE: R) celebrates three female leaders as recipients of the 2024 Women in Supply Chain awards from Supply & Demand Chain Executive and Food Logistics magazines. The awards recognize female supply chain leaders for their accomplishments, mentorship, and impact on the industry.
The honorees from Ryder include:
- Zully Jimenez (Rising Star category): Inventory supervisor known for excellence in customer account management and safety improvements.
- Kristy Killingbeck (Trailblazers category): Vice President of Supply Chain Operations with 25+ years of experience, instrumental in expanding Ryder's CPG transportation management portfolio.
- Lesley Kerr (Workforce Innovator category): Vice President of Human Resources, recognized for employee engagement initiatives and the successful launch of the Future Leaders Program.
These leaders exemplify Ryder's commitment to fostering a diverse and inclusive workforce, driving innovation and growth in the supply chain industry.
Ryder System, Inc. (NYSE: R) has been awarded two Quest for Quality 2024 awards in the third-party logistics (3PL) category by Logistics Management and Peerless Research Group. The company received top marks for carrier selection and negotiation, order fulfillment, and logistics information systems in both the 3PL transportation management and value-add warehousing and distribution services categories.
The awards, based on over 3,100 survey responses, serve as an industry benchmark for customer satisfaction and performance excellence. Ryder's President of Supply Chain Solutions, Steve Sensing, attributes this success to the company's culture of continuous improvement and its commitment to enhancing customers' supply chain and transportation networks.
Ryder has recently strengthened its market position through strategic acquisitions, including Cardinal Logistics for dedicated transportation and Impact Fulfillment Services (IFS) for contract packaging and manufacturing capabilities. The company continues to invest in logistics information systems like RyderShare™ to further improve its service offerings.
Ryder System, Inc. (NYSE: R) has announced that Executive Vice President & CFO John Diez will present a company update at the Morgan Stanley 12th Annual Laguna Conference. The event is scheduled for Wednesday, September 11, 2024, at 11:05 a.m. Pacific Time in Dana Point, California. Investors and interested parties can access the live webcast of the presentation through Ryder's investor relations website at http://investors.ryder.com. This presentation offers an opportunity for stakeholders to gain insights into Ryder's current operations and future strategies directly from a top executive.
Ryder System, Inc. (NYSE: R) has been named one of the Top 10 3PLs in the 2024 Readers' Choice Excellence Awards by Inbound Logistics for the third consecutive year. This recognition highlights Ryder's agility and innovation in the logistics industry. Over the past year, Ryder has:
- Acquired Cardinal Logistics, adding 200 operating locations, 2,900 power vehicles, and 3,400 professional drivers
- Acquired Impact Fulfillment Services (IFS), expanding into contract packaging and manufacturing
- Opened two multiclient logistics facilities in El Paso and Laredo, Texas, to support nearshoring activity
- Invested in innovative technologies like RyderShare™ and Baton
These strategic moves aim to enhance Ryder's supply chain solutions and help customers meet evolving logistics challenges.
Ryder System, Inc. (NYSE: R) and Terminal Industries have successfully piloted an AI-powered computer-vision technology to automate and optimize warehouse yard operations. The ongoing pilot at a Ryder e-commerce fulfillment center in California has processed over 10,000 truck detections with 99% accuracy in capturing license plates and DOT numbers since January. This technology aims to modernize the currently manual and inefficient process across the industry, potentially addressing inefficiencies that cost the industry up to $146 billion annually. Ryder and Terminal have launched a second pilot using Terminal's technology on mobile tablets to auto-capture available inventory at a Ryder truck rental and maintenance facility in Dallas-Fort Worth.
Ryder System, Inc. (NYSE: R) has announced Warren Smith from Ontario, Canada as the winner of its 2024 Ryder Top Technician ('Top Tech') Skills Competition, awarding him a $50,000 grand prize. The annual event, now in its 23rd year, showcases the skills of Ryder's top truck maintenance professionals among its 4,800 U.S. and Canada-based technicians.
The championship event took place in Pittsburgh, Pennsylvania, where ten finalists competed in rigorous hands-on skills challenges across various technical areas. Kyle Walton and Benjamin Cheaney placed second and third, respectively, with all finalists receiving a $10,000 cash prize. The competition highlights Ryder's commitment to recognizing and rewarding its skilled technician workforce, emphasizing their importance in maintaining Ryder's fleet of nearly 250,000 commercial vehicles.
Ryder System, Inc. (NYSE: R) reported solid Q2 2024 results, outperforming prior cycles despite challenging market conditions. Key highlights include:
- GAAP EPS from continuing operations: $2.83 vs $(0.39) in prior year
- Comparable EPS (non-GAAP): $3.00 vs $3.61 in prior year
- Total revenue: $3.2 billion, up 10% year-over-year
- Operating revenue (non-GAAP): $2.6 billion, up 10%
The company's contractual lease, dedicated, and supply chain businesses generated higher year-over-year earnings. Ryder maintained its full-year 2024 forecast, expecting adjusted ROE of 16% - 16.5% and comparable EPS of $11.90 - $12.40. The company also announced a 14% increase in quarterly dividend, demonstrating confidence in its transformed business model.
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.
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