Newsroom
There’s always something new happening at Ryder. Stay up-to-date with the latest press releases and company news.
Ryder Chairman and CEO, as well as CFO, to Present at Citi 2018 Global Industrials Conference
Ryder System, Inc. (NYSE:R) Chairman and Chief Executive Officer Robert Sanchez and Executive Vice President and Chief Financial Officer Art Garcia will present a company update at the Citi Global Industrials Conference....
Learn More
Ryder Reports Fourth Quarter and Full-Year 2017 Results, and Provides 2018 Forecast
Fourth Quarter 2017 Q4 GAAP EPS from Continuing Operations of $12.10, Includes $10.77 One-Time Net Benefit from Tax Reform Q4 Comparable EPS (non-GAAP) from Continuing Operations Up $0.30 or 28% to $1.37; Prior Year Results Include $0.24 of Used Vehicle Valuation Adjustments Record Q4 Total Revenue Grows 12% to $1.9 Billion; Record Q4 Operating Revenue (non-GAAP) Up 8% to $1.6 Billion Full-Year 2017 Full-Year GAAP EPS from Continuing Operations of $14.87, Includes $10.75 One-Time Net Benefit from Tax Reform Full-Year Comparable EPS (non-GAAP) from Continuing Operations Down 16% to $4.53 Record Full-Year Total Revenue Increases 8% to $7.3 Billion; Record Full-Year Operating Revenue (non-GAAP) Up 4% to $6.0 Billion 2018 Forecast 2018 GAAP EPS Forecast of $5.34 to $5.64 vs. $14.87 for 2017;...
Learn More
Ryder Expands Cross-Border Network with Newly Built Logistics Facility in Laredo, Texas
Facility Primarily Serving Cross-Border Movements between the U.S. and Mexico Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced the opening of its brand new logistics facility in Laredo, Texas, which will primarily support cross-border shipments between the U.S. and Mexico. The new facility adds to Ryder’s growing network of cross-border operations. TWEET THIS: @RyderSystemInc expands its cross-border network to serve customers in the U.S. and Mexico with opening of new logistics facility in Laredo, TX. Strategically located less than five miles from the World Trade Bridge, the new 109,000 square-foot facility includes 6,400 square feet of office space, 51 dock doors, two ramps, and 114 trailer spaces....
Learn More
Ryder Increases Quarterly Cash Dividend Due to Tax Reform
- Company Pays Dividend for 166 th Consecutive Quarter - The Board of Directors of Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, declared a regular quarterly cash dividend of $0.52 per share of common stock, to be paid on March 16, 2018, to shareholders of record on February 20, 2018. This dividend reflects an increase of $0.06 (or 13%) from the $0.46 dividend Ryder has been paying quarterly since July of 2017. This dividend increase is due to the ongoing earnings benefit expected from the Tax Cuts and Jobs Act. This is Ryder’s 166th consecutive quarterly cash dividend – marking more than 41 years of uninterrupted dividend payments. About Ryder Ryder is a FORTUNE 500® commercial fleet management, dedicated...
Learn More
Ryder System, Inc. Elects David G. Nord and Dmitri L. Stockton to its Board of Directors
Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that David G. Nord and Dmitri L. Stockton have been elected to its Board of Directors, effective March 1, 2018. “The Board nominated both Mr. Nord and Mr. Stockton as directors for their impressive leadership experience,” said Robert Sanchez, Ryder Chairman and CEO. “Mr. Nord’s experience in global operations and strong financial acumen and Mr. Stockton’s expertise in risk management, governance, finance, and asset management are skills that complement the other skills represented on our Board.” Mr. Nord serves as Chairman, President and Chief Executive Officer of Hubbell Incorporated, an international manufacturer of electrical and electronic...
Learn More
Ryder System, Inc. Board of Directors Member L. Patrick Hassey Retires
Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that Board of Directors member L. Patrick Hassey has retired from his position on Ryder’s Board of Directors after 13 years of dedicated service, effective February 9, 2018. “On behalf of the Board, I would like to thank Mr. Hassey for his service and leadership to Ryder,” said Robert Sanchez, Ryder Chairman and CEO. “Time and again, he has provided invaluable support to management and an unwavering commitment to maximizing shareholder value. His sage advice and guidance have certainly contributed to Ryder’s success and reputation.” During his years as a Director, Mr. Hassey has served with diligence and distinction as a member of the Compensation...
Learn More
Ryder Appoints Rajeev Ravindran Chief Information Officer
Ryder Chief Information Officer Rajeev Ravindran (Photo: Business Wire)
Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced the appointment of Rajeev Ravindran to the position of Chief Information Officer. Mr. Ravindran is a member of Ryder’s Leadership Team and is responsible for all aspects of Ryder’s IT organization, including the technology, vision, strategy, and execution of Ryder’s key IT platforms and systems. “We are excited to welcome Rajeev to the Ryder team,” said Ryder Chairman and CEO Robert Sanchez. “Rajeev joins Ryder in an era when customer-facing technologies, digital capabilities, and the integration of core software systems are critical to the customer experience. Rajeev has driven significant results over the course of his 20 years as a leader in the...
Learn More
Ryder Logistics Expert to Present at Automotive Logistics Mexico Conference
- Ryder to Also Serve as Conference Sponsor - Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that it will be a gold sponsor of the annual Automotive Logistics Mexico Conference, which will be held between January 23 and the 25, at the Marquis Reforma hotel in Mexico City. Ryder Mexico Director of Business Development, Ricardo Alvarez, will be a panelist in “Session 5: Logistica Mexicana en el futuro,” where the panel session will explore creative ways to overcome infrastructure, talent shortage, safety, and security challenges that currently exist within Mexico’s automotive supply chains. Additionally, Ryder Mexico Director of Business Development and Sales, Roberto Cruz will lead a think tank...
Learn More
Ryder 2017 Earnings and 2018 Outlook Conference Call Scheduled for February 16, 2018
Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today provided details regarding its conference call scheduled for February 16, 2018, at 11:00 a.m. Eastern Time. During the call, management will review fourth quarter and full-year 2017 results, as well as provide an outlook for 2018. The call will be webcast over the Internet....
Learn More
Ryder Opens New Logistics Operations Center in London, Ontario
Ryder executives and customers at the London, ON facility's ribbon cutting ceremony. (Photo: Business Wire)
Brand New Facility in the Area, Primarily Serving Eastern Canada Ryder System, Inc. (NYSE:R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced the opening of its brand new Logistics Operating Center (LOC) in London, Ontario, which will primarily serve the Eastern Canada region. The new facility includes a 30,000-square-foot building with office and cross-docking space, as well as parking spaces for 286 trailers and 162 tractors. A total of 210 drivers are domiciled out of the facility, along with 55 Ryder employees. The new facility and yard will provide additional services and capacity opportunities to Ryder’s existing and future customers. “This facility is a key element of our cross border operation between Canada and the U.S.,”...
Learn More