Some key data from the third quarter earnings at Ryder System (NYSE: R):
- Used vehicle sales prices continued to fall. They are down year-on-year both for the recently concluded quarter and for the nine months through September.
- The volume of sales is falling also, and the size of the used vehicle fleet count at the end of the quarter is up almost 17% from a year ago.
- Even though various measures of earnings per share were all down from the third quarter of 2023, the non-GAAP EPS of $3.44 beat...
https://www.freightwaves.com/news/ryder-system-q3-earnings-first-look