Ryder System

Golfer Sam Ryder the face of Ryder System ads after famous hole-in-one

It is arguably the most famous hole in U.S. golf.

OK, maybe it’s the second most famous, after the 17h hole island green of the TPC-Sawgrass course near Jacksonville, Florida.

But the 16th hole at TPC Scottsdale near Phoenix is famous not for its layout, which isn’t particularly notable. It’s famous because every year on Super Bowl weekend, when the course hosts the Waste Management Phoenix Open, the par-3 16th hole is surrounded by thousands of seats of grandstands, and all the normal rules of...

https://www.freightwaves.com/news/golfer-sam-ryder-the-face-of-ryder-system-ads-after-famous-hole-in-one

Missteps and milestones mark 2022 in autonomous trucking

Docudrama script writers must be giddy at the “Succession”-esque tale unfolding at TuSimple Holdings. Just a year ago it leapfrogged the competition by demonstrating an 80-mile driverless truck pilot on a U.S. public highway. 

TuSimple repeated the technological feat, several times early in 2022. But then it gave way to repeated capriciousness that erased 95% of the company’s stock value. Could TuSimple be ripe for a takeover or sale to private equity? Consider:

https://www.freightwaves.com/news/missteps-and-milestones-mark-2022-in-autonomous-trucking

Addressing data fragmentation can lead to actionable solutions

This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday. 

FIRESIDE CHAT TOPIC: Connected fleet: Today’s capabilities and tomorrow’s opportunities

DETAILS: Rob Pluta, Ryder System’s vice president of new products and chief technology officer, sits down with Stephanie Voelker, Geotab’s vice president of customer care, to discuss connected vehicles and fleet offerings, industry insights, and how Geotab is taking a holistic approach toward the evolution of technology...

https://www.freightwaves.com/news/addressing-data-fragmentation-can-lead-to-actionable-solutions

Electrification, autonomous startups happy for help

A theme emerges as you look around the electrification and autonomous trucking space. Practically no one does it alone.

Don’t go it alone

“Oh, I get by with a little help from my friends. Mm, gonna try with a little help from my friends.” — The Beatles

No man is an island. Neither is a startup pursuing electrification or autonomy. Sometimes it’s a partnership. Sometimes it is licensing or reselling someone else’s enabling product. Just about everybody is doing it.

A recent example comes from...

https://www.freightwaves.com/news/electrification-autonomous-startups-happy-for-help-in-what-they-dont-know

Ryder buys logistics tech startup Baton, which it had invested in previously

Ryder is acquiring Baton, a company it had already invested in through its Ryder Ventures arm that targets giving the fleet rental and supply chain management giant a stake into logistics-focused startups.

In a statement announcing the acquisition, Ryder (NYSE: R) said it invested in Baton early in 2021. The acquisition of the full company was closed Aug. 31.

Ryder declined to answer further questions about the deal.

Late last year, Baton co-founder Andrew Berberick, in an interview with...

https://www.freightwaves.com/news/ryder-buys-logistics-tech-startup-baton-which-it-had-invested-in-previously

Pilot Co. invests in Kodiak Robotics to develop autonomous trucking hub

Red Kodiak Robotics sleeper cab under Pilot canopy

Kodiak Robotics is developing a highway-adjacent autonomous trucking hub in Atlanta with Pilot Co. that could foreshadow the startup’s approach to eventual long-haul driverless freight movement using an undetermined number of Pilot and Flying J locations.

Knoxville, Tennessee-based Pilot operates 750 truck stops and travel plazas in 44 states and six Canadian provinces. It made an undisclosed “strategic investment” in privately held Kodiak. Pilot will have a seat on the Mountain View,...

https://www.freightwaves.com/news/pilot-co-invests-in-kodiak-robotics-to-develop-autonomous-trucking-hub

Ryder Q2 earnings, revenue beat expectations

Ryder System Inc. rode a strong leasing and supply chain solutions market to achieve healthy quarterly earnings results, Chairman and CEO Robert Sanchez said. 

The Miami-based company announced its second-quarter earnings before the market opened Wednesday, followed by a call with analysts.

Ryder (NYSE: R) posted total revenue of $3.03 billion and adjusted earnings per share of $4.43 during Q2, beating analysts’ estimates of $2.85 billion and $4.10, respectively.

“We’re excited about what’s going...

https://www.freightwaves.com/news/ryder-beats-second-quarter-revenue-estimates

Ryder comunica a los inversionistas que ha rechazado la adquisición por parte de HG Vora 

A Ryder System tractor trailer

Ryder System ha rechazado la oferta de adquisición de un grupo de accionistas activistas, según la transcripción de una reunión de inversionistas.

“Una cosa que quería hacer antes de empezar es que quiero abordar y darles una actualización de la carta que recibimos el 13 de mayo de HG Vora”, dijo el viernes el CEO de Ryder (NYSE: R), Robert Sánchez. “Hablé con el Sr. Vora a última hora de ayer y le informé de que el consejo había revisado su carta y había determinado que el precio indicado en su...

https://www.freightwaves.com/news/ryder-comunica-a-los-inversionistas-que-ha-rechazado-la-adquisicion-por-parte-de-hg-vora

Ryder tells investors it rejected acquisition by HG Vora  

Ryder System has rejected the takeover bid by an activist shareholder group, according to a transcript of an investors’ meeting held Friday. 

“One thing I wanted to do before I get started is I do want to address and give you an update on the letter that we received on May 13 from HG Vora,” Ryder (NYSE: R) CEO Robert Sanchez said. “I spoke to Mr. Vora late yesterday, and I informed that the Board had reviewed his letter and had determined that the price indicated in his letter was not indicative...

https://www.freightwaves.com/news/ryder-tells-investors-it-rejected-acquisition-by-hg-vora

Baird analyst sees $86 takeover offer for Ryder as undervalued

Ryder System’s shares are now trading roughly $5 less than the offer price put forth last week by HG Vora Capital, pushing it even further away from what Wall Street company Baird sees as the potential value of the company.

In a report issued in the wake of the acquisition offer by the private equity company, Baird analyst Garrett A. Holland did not refer to Ryder’s valuation through a “sum of the parts” prism, which was raised in the wake of the HG Vora offer. The idea behind a sum of the parts...

https://www.freightwaves.com/news/baird-analyst-sees-86-takeover-offer-for-ryder-as-undervalued

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