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Ryder System, Inc. (NYSE: R) President of Global Supply Chain Solutions Steve Sensing will discuss transportation in a post COVID-19 world during the Autotech Ventures webinar where a group of industry experts will examine “Transportation in a Post COVID-19 World: Examining Threats and Opportunities.” As a panelist, Mr. Sensing will discuss how the transportation industry is adapting to pandemic impacts, as well as long-term opportunities Ryder expects to see in the logistics and supply chain industry including e-commerce networks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200521005640/en/ Ryder President of Global Supply Chain Solutions Steve Sensing. (Photo: Business Wire)...

Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and commercial fleet management solutions, today announced that it has added food-grade capabilities to its e-commerce fulfillment network, including a new facility near Philadelphia, as well as added food grade capabilities to two additional facilities within the network to meet evolving consumer buying trends. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200520005167/en/ With food safety paramount to Crew Bottle Co., the company chose Ryder’s FDA-certified e-commerce fulfillment facility near Los Angeles, where a Ryder employee inspects inventory inside protective wrapping. (Photo: Business Wire) “Now more than ever, people have become even...

Company Pays Dividend for 175th Consecutive Quarter The Board of Directors of Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today declared a regular quarterly cash dividend of $0.56 per share of common stock, to be paid on June 19, 2020, to shareholders of record on May 18, 2020. This is Ryder’s 175 th consecutive quarterly cash dividend – marking more than 43 years of uninterrupted dividend payments. About Ryder Ryder is a Fortune 500® commercial fleet management, dedicated transportation, and supply chain solutions company. The company’s stock (NYSE: R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400® index. Ryder, which provides commercial truck rental, truck leasing,...

First Quarter 2020 Q1 total revenue of $2.2 billion, down 1%; Q1 operating revenue (non-GAAP) of $1.8 billion, up 1% Q1 GAAP EPS from continuing operations loss of $(2.09) versus a profit of $0.87 in prior year, reflects the impacts of previously announced change in residual value estimates and COVID-19 Q1 comparable EPS (non-GAAP) from continuing operations loss of $(1.38) versus a profit of $1.11 in prior year Overall operating results were well ahead of management's expectations through mid-March Estimated negative pre-tax earnings impact of COVID-19 in first quarter of approximately $70 million, primarily due to $48 million of additional depreciation resulting from an expected weaker used vehicle sales environment through year end 2020 Business Updates and Impacts of COVID-19...

Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it has renewed its $300 million receivable-backed financing facility with two large banks for an additional 364 day period, further enhancing its solid liquidity position. The receivables-backed financing facility, which is a supplement to Ryder’s larger $1.4 billion multi-year revolving credit facility, will be used for working capital and other general corporate purposes of Ryder and its subsidiaries. “With this transaction, Ryder continues to enhance its solid liquidity position by capitalizing on its long-term commercial banking partnerships,” said Dan Susik, Ryder Senior Vice President – Finance & Treasurer. MUFG Bank, Ltd. acted as...

Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced today it has changed its 2020 Annual Meeting of Shareholders (the “Annual Meeting”) from an in-person meeting to a virtual-only meeting in response to the current public health guidance regarding the coronavirus (COVID-19) pandemic and out of an abundance of caution for the safety of participants. There will be no physical meeting, and shareholders will not be able to attend the Annual Meeting in person. Ryder intends to return to in-person annual meetings in future years after public health conditions have improved. Shareholders of record as of the close of business on March 6, 2020 can find additional details regarding participation in the Annual...

Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it has issued $400 million of senior unsecured medium-term notes due June 2025. The transaction closed today, April 6, 2020. The company will use the proceeds from the offering for working capital and other general corporate purposes. As of the close of business today, April 6, 2020, Ryder has $409 million available under its $1.4 billion global revolving credit facility which also serves as a backstop for Ryder’s commercial paper issuances, and expires in September 2023. Ryder also maintains an available cash balance of $1.2 billion as of April 6, 2020. Ryder has a total of $600 million of remaining public bond maturities in 2020 with $300 million...

Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced it entered into a new 364-day unsecured syndicated term loan (the “Term Loan”) totaling US$400 million with a syndicate of eight large financial institutions, further enhancing its liquidity position. “Execution of this new term loan further solidifies Ryder’s solid liquidity position. Our business model generates more free cash flow in slower economic environments as capital expenditures decline in our ChoiceLease business,” said Scott Parker, Ryder Executive Vice President and Chief Financial Officer. The term loan will be used for working capital and other general corporate purposes of Ryder and its subsidiaries. “We are very pleased with the...

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 April 29, 2020, at 11:00 a.m. Eastern Time. During the call, management will review first quarter results. The call will be webcast over the internet....

Due to revisions to the J.P. Morgan Industrials Conference where there will no longer be an in-person aspect, Ryder System, Inc. (NYSE: R) Chairman & Chief Executive Officer Robert Sanchez will no longer present a company update. About Ryder Ryder is a Fortune 500® commercial fleet management, dedicated transportation, and supply chain solutions company. The company’s stock (NYSE: R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400® index. Ryder, which provides commercial truck rental, truck leasing, used trucks for sale, and last mile delivery services, has been named among “The World’s Most Admired Companies” by Fortune, as well as one of “America’s Best Employers” and “America’s Best Employers for Women” by Forbes. The company is regularly recognized...