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 (NYSE: R) has announced key leadership changes effective January 1, 2025. John J. Diez, a 22-year company veteran, has been appointed as president and chief operating officer (COO), where he will oversee operations across Ryder's three business segments. Cristina Gallo-Aquino, who has been with Ryder since 2004 and most recently served as senior vice president, controller, and principal accounting officer, will succeed Diez as executive vice president and chief financial officer (CFO).
Both executives will assume their new roles on January 1, 2025, with Diez reporting to Chairman and CEO Robert E. Sanchez. Gallo-Aquino will oversee all financial management functions, including finance and accounting, treasury, tax, audit, and investor relations.
Ryder System (NYSE: R) has achieved a historic milestone in its over 40-year partnership with United Way, announcing a record-breaking donation of $1.150 million for 2024. The contribution, comprising employee donations and Ryder Charitable Foundation funds, was raised through a workplace campaign themed 'Providing essential help right HERE.' The campaign featured five days of virtual and in-person fundraising activities, supporting United Way's initiatives in Health & Wellbeing, Education, Resilient Communities, and Economic Mobility across the United States.
Ryder System (NYSE: R) has announced that Chairman & CEO Robert Sanchez will deliver a company update presentation at the upcoming Goldman Sachs Industrials & Materials Conference 2024. The event will take place in New York on Wednesday, December 4, 2024, at 1:20 p.m. Eastern Standard Time. The presentation will be accessible via a live webcast through Ryder's website.
Ryder System (NYSE: R) announces that Chief Information Security Officer Joe Ellis has been named a winner of the Top Global CISOs Awards for 2024 by Cyber Defense Magazine. Ellis, who has served as Ryder's CISO since 2018, was selected from thousands of candidates for his innovative approach and success in cybersecurity leadership. With 28 years of IT experience, Ellis manages the company's information security initiatives and holds multiple professional certifications including CISSP®, CISA®, and CDPSE. This marks his third consecutive year receiving recognition from Cyber Defense Magazine.
Ryder System (NYSE: R) has been named a 2024 SmartWay® Excellence Award winner and SmartWay® High Performer by the U.S. Environmental Protection Agency (EPA) for its outstanding environmental performance in dedicated transportation. Among nearly 4,000 EPA SmartWay truck carrier partners, Ryder was one of just 29 carriers to receive this highest distinction.
The company has earned the Excellence Award six times since 2013, demonstrating its commitment to sustainability through fleet improvements, infrastructure investments, and technology adoption to enhance efficiency and reduce emissions. As a SmartWay partner since 2006, Ryder's recognition is based on EPA's evaluation of fleet and vehicle performance data submitted annually by partners.
Ryder System (NYSE: R) announced that Executive Vice President and CFO John Diez will speak at the 2024 Stephens Annual Investment Conference in Nashville, Tennessee. The presentation is scheduled for Tuesday, November 19, 2024, at 4:00 p.m. CST. Investors can access the live webcast through the company's investor relations website at investors.ryder.com.
Ryder System (NYSE: R) has been awarded Toyota North America's 'Cross Dock Supplier of the Year' for operational excellence at its San Luis Potosi, Mexico facility. The recognition was based on key performance indicators including safety, quality, productivity, and cost savings. Ryder, which has partnered with Toyota for 37 years, supports Toyota's North American manufacturing with cross-border transportation services between the U.S., Mexico, and Canada. The company recently expanded its presence with new facilities in Laredo and El Paso, Texas, performing over 320,000 cross-border freight movements annually.
Ryder System (NYSE: R) has been named a '2024 Top Company for Women to Work in Transportation' by the Women in Trucking Association for the sixth consecutive year. The company also earned a spot among 'The Elite 30,' reserved for companies receiving the highest industry-wide votes. The recognition is based on criteria including gender diversity, compensation, flexible hours, and career advancement opportunities. Over 31,000 transportation professionals participated in this year's voting, with Ryder being among 134 companies recognized across various transportation sectors. The company was also named one of 'America's Greatest Workplaces for Diversity' by Newsweek in 2024.
Ryder System reported Q3 2024 results with GAAP EPS of $3.25 and comparable EPS of $3.44, down from $3.44 and $3.58 respectively in the prior year. Total revenue reached $3.2 billion, up 8% from Q3 2023, while operating revenue grew 9% to $2.6 billion. The company reaffirmed its full-year 2024 guidance, including comparable EPS of $11.90-$12.10 and adjusted ROE of 16-16.5%. Performance was marked by weaker market conditions in rental and used vehicle sales, offset by stronger results in contractual lease, supply chain, and dedicated businesses. The company maintains a solid balance sheet with debt-to-equity at 249%, slightly below its target range.
Ryder System, Inc. (NYSE: R) has announced the winners of its 27th Annual Ryder Carrier Quality Awards, recognizing 13 carriers for service quality and operational excellence. The awards are based on metrics including on-time performance, customer service, economic value, and innovation.
Ryder manages a network of 87,500 qualified carriers under contract to move more than $11 billion in freight annually for its customers. This year's honorees were particularly noted for their commitment to technology and innovation to improve efficiency and resilience in an unpredictable market.
The awards span various categories, including National and Regional Dry Van Carriers, Intermodal, Refrigerated, Flatbed, LTL, Oil & Gas, Canadian Truckload and LTL, Freight Forwarder, Maritime, and Drayage Carriers. Ryder's carrier network supports a range of transportation logistics services, including freight brokerage, transportation management, dedicated contract carriage, and last mile delivery.
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