Ryder

Building a smart warehouse no longer requires major investment

As warehouse efficiency, along with the streamlining of other processes, becomes a greater priority for retailers and logistics providers alike, the adoption of smart warehousing solutions is growing rapidly.

Warehouse automation isn’t new by any means, but a number of factors have escalated its adoption throughout the supply chain. Labor challenges over the last three years, for instance, have pinched the productivity and profitability of warehouses as the availability of labor remains low and...

https://www.freightwaves.com/news/building-a-smart-warehouse-no-longer-requires-major-investment

High-flying TruckWings looks at what’s next

TruckWings, the aerodynamic tractor-trailer gap-closing hardware, has surpassed 500 million miles of real-world use. TruckLabs founder Daniel Burrows figures someone will buy his 8-year-old company — someday.

The aerodynamic flight of TruckWings

Trucking technology claims tied to the number of miles driven is a common proof point of effectiveness. When that number is 500 million miles, it’s hard to miss. TruckLabs, the inventor of TruckWings gap-closing hardware for tractor-trailers, has...

https://www.freightwaves.com/news/high-flying-truckwings-looks-at-whats-next

Penske’s outlook seen as improved by S&P Ratings, debt rating holds steady

Penske Truck Leasing is a private company, which means outsiders don’t get much of a look at its finances.

That changes when a debt rating agency reviews the company, as S&P Global Ratings (NYSE: SPGI) has just done with Penske Truck Leasing. And the outlook is mostly bullish.
S&P Ratings did not raise the company’s debt rating, which stands at BBB, one of the lowest that is still considered investment grade. But the outlook on Penske was raised to “Positive” from “Stable.” A Positive outlook...

https://www.freightwaves.com/news/penskes-outlook-seen-as-improved-by-sp-ratings-debt-rating-holds-steady

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

Small Fleet recap: Revenue opportunities in volatile freight market

COOP by Ryder's Ashley Savage talks during FreightWaves' Small Fleet & Owner-Operator Summit.

This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit Wednesday.

FIRESIDE CHAT TOPIC: Creating revenue opportunities in a volatile transportation market.

DETAILS: Ashley Savage and FreightWaves’ Zach Strickland discuss strategies for navigating a tumultuous transportation environment.

SPEAKER: Savage is the national sales manager at COOP by Ryder.

BIO: COOP by Ryder is a business-to-business commercial truck sharing platform. Savage’s sales and field experience have...

https://www.freightwaves.com/news/small-fleet-recap-revenue-opportunities-in-volatile-freight-market

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

Ryder adds last-mile distribution hubs in Nashville, Boise

Ryder last-mile delivery van

Ryder System, one of the largest providers of last-mile delivery services for big and bulky goods, announced Tuesday that it has expanded its last-mile network, adding regional distribution hubs in the Nashville, Tennessee, and Boise, Idaho, areas.

The first facility, located outside downtown Nashville in neighboring Smyrna, opened in February. That location has 100,000 square feet of space with room for expansion, Ryder (NYSE: R) said. The second facility, just outside of Boise in Caldwell,...

https://www.freightwaves.com/news/ryder-adds-last-mile-distribution-hubs-in-nashville-boise

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