Steps by Ryder System (NYSE: R) to increase the valuation of its used truck inventory, and to get the size of that pool under control, are starting to catch up with the company’s goals.
That’s one of the messages that came out of two recent presentations by Ryder CEO Robert Sanchez: last week after the company released its fourth-quarter earnings and on Wednesday, when Sanchez presented via video link to the Citi Industrials Conference.
Sanchez, on the earnings call, said Ryder is now selling...