Se puede encontrar un resumen del desempeño financiero de Ryder aquí. Con los mercados de carga que no proporcionan mucho impulso a las operaciones del Sistema Ryder en 2024, una tendencia que se proyecta continuará en 2025, la llamada de ganancias del cuarto trimestre de la compañía se centró en...
Ryder System
Ryder not counting on stronger freight market in ’25, so it touts broader trends
A summary of Ryder’s financial performance can be found here.
With freight markets not providing much of a boost to Ryder System’s operations in 2024 – a trend projected to continue into 2025 – the company’s fourth-quarter earnings call focused heavily on Ryder’s transformation to a more diversified operating model with less emphasis on truck rentals.
The fourth-quarter performance at Ryder (NYSE: R) was not particularly bad. Operating revenue rose to $2.6 billion from $2.4 billion a year...
More layoffs hit freight-related companies across US
Layoffs continue across the freight and logistics industry, with companies announcing 1,277 job reductions and six distribution facility closures across the country.
It is the second major round of layoffs in the industry since last week, when True Value Co., GXO, CJ Logistics America, DHL, PepsiCo, Reyes Coca-Cola Bottling LLC, Hunt & Sons LLC, Kuehne+Nagel, Americold Logistics, Amazon and Trademango Solutions announced they were eliminating 2,402 jobs.
UPS
Shipping giant UPS plans to temporarily...
https://www.freightwaves.com/news/more-layoffs-hit-freight-related-companies-across-us
Less reliance on rentals, more on contracts: Ryder continuing its mission
(An article with a table for key Ryder performance indicators can be found here.)
Ryder System expects to conclude 2024 as a company that in six years has steadily and inexorably changed itself from what it was and probably still is mostly known for — truck rentals — into a transportation offering where contractual business is increasingly the base of its operations.
That fact has been pushed by Ryder (NYSE: R) management in various presentations for several years. But it was driven home further...
Ryder System Q3 earnings: First look
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
Ryder acquires mobile fleet maintenance provider Pit Stop
Ryder System announced Monday it will acquire Pit Stop Fleet Service for an undisclosed sum. The Miami-based fleet management and supply chain services company said the deal will boost its growing mobile repair business, Torque by Ryder.
Founded in 1997, Venice, Florida-based Pit Stop provides mobile fleet services in eight states across the Southeastern U.S. It specializes in preventative maintenance, repairs and breakdown assistance.
The acquisition is expected to close on Aug. 1, adding...
https://www.freightwaves.com/news/ryder-acquires-mobile-fleet-maintenance-provider-pit-stop
Trucking electrification throttled by excessive ownership costs
Recent releases by Ryder System and Knight-Swift highlight the growing awareness of the added costs required for fleets that face increased pressure to transition to electric vehicles. A major challenge for long-haul trucking is cost, and current incentives from the Inflation Reduction Act only cover up to a maximum of $40,000 for commercial clean vehicles weighing over 14,000 pounds. A new Class 8 battery electric...
https://www.freightwaves.com/news/trucking-electrification-throttled-by-excessive-ownership-costs
Teamsters ousted at Dr Pepper Wisconsin, face off against Anheuser-Busch
The Teamsters have been ousted from representing a group of beverage drivers in Wisconsin while a much larger strike in the beverage world looms.
The union also ended a strike against U.S. Foods in recent weeks with a contract that even the Teamsters for a Democratic Union, a group within the union that is often critical of elected leadership, hailed as a victory.
The events occurring in such a short period of time are testimony to the fact that the largest union representing transportation...
Ryder continues shift toward less reliance on leasing, talks up Cardinal
Ryder System’s fourth quarter saw the continued rise of its Supply Chain Solutions (SCS) segment as a growing contributor to revenue and profitability, with used vehicle sales hurting the performance of its signature Fleet Management Solutions (FMS) vehicle leasing division.
In prepared remarks released with the earnings, CEO Robert Sanchez, who has been leading the push to have FMS account for a declining percentage of the Ryder business while SCS and Dedicated Transportation Solutions (DTS)...
Ryder buys Cardinal Logistics, which dwarfs its current dedicated business
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Ryder System is dramatically growing its dedicated transportation services operations with the...