Ryder Sees Weak Market For Used Vehicles Lingering, And It Has A Lot Of Them
Thursday, 30 July 2020, 16:33:30
Having sold 6,300 used vehicles in the second quarter gives Ryder System Inc. (NYSE: R ) a front-row seat to the strength of the used truck market, a perspective that CEO Robert Sanchez shared with analysts on the company’s second-quarter earnings call Wednesday. Ryder’s earnings are impacted significantly by its proceeds from used truck sales. The relatively weak second quarter the company turned in, however, appears to be far more of a function of a big slide in demand for its leased vehicles under its Fleet Management Solutions segment. On the call, Sanchez said rental utilization of power units was 56% in the second quarter of 2020, down from 75% in the second quarter of 2019. The used vehicle sales are under that division also. And while the company sold more vehicles in the quarter, it took in a lot less money. On the call, Sanchez said Ryder had sold 6,300 used vehicles in the second quarter, up 24% from the second quarter of 2019 and up 15% from the first quarter of this year.
— Benzinga
Ryder System Needs To Keep The Momentum Going In Q2 (NYSE:R)
Monday, 27 July 2020, 19:24:22
-$1.31 is the bottom-line expectation for Q2. Sequential beats need to start happening sooner rather than later.
— Seeking Alpha
Ryder Chooses Trucker Tools Technology For Its Brokerage Division
Tuesday, 21 July 2020, 19:18:45
Ryder System (NYSE: R ) is adding the technology platform from Trucker Tools to its brokerage division to help support carrier engagement and digital process automation. “This engagement fully aligns with our strategy of engaging innovative, forward-thinking technology partners that can further enhance our service offerings,” said Dave Belter, vice president, and general manager of global transportation management solutions for Ryder. “Trucker Tools delivers improved freight transparency and visibility for our shippers and carrier partners, as well as drives efficiencies and reduces costs, all while enhancing service levels through automation.” Trucker Tools offers cloud-based real-time shipment visibility, capacity planning, freight matching, and automated booking software for freight brokers and small-fleet truckload carriers. The inclusion of Trucker Tools within its brokerage division will give Ryder customers access to predictive freight matching, Book it Now, automated shipment tracking, and digital document scan and send, Trucker Tools said. “We are excited to welcome Ryder’s freight brokerage operation to our platform,” said Prasad Gollapalli, Trucker Tools’ founder and chief executive. “Especially in these times, brokers need to explore every avenue to reduce costs, every opportunity to streamline and optimize how they do business and help …
— Benzinga Feeds
Ryder System : ROSEN, A LEADING, LONGSTANDING, AND TOP RANKED FIRM, Reminds Ryder System, Inc. Investors of Important Deadline in Securities Class Action – R | MarketScreener
Thursday, 2 July 2020, 23:26:03
NEW YORK, July 2, 2020 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Ryder System, Inc. between July 23, 2015 and February 13,… | July 2, 2020
— MarketScreener
Shareholder Alert: Robbins LLP Announces It Is Investigating Ryder System, Inc. (R) for Misleading Shareholders
Thursday, 2 July 2020, 00:31:00
SAN DIEGO & MIAMI–(BUSINESS WIRE)—- $R #ClassAction–Shareholder rights law firm Robbins LLP announces that it is investigating Ryder System, Inc. (NYSE: R) for alleged violations of the Securities Exchange Act of 1934 and whether the Company’s officers and directors breached their fiduciary duties to shareholders. Ryder System provides transportation and supply chain management solutions worldwide. If you suffered a loss as a result of Ryder System’s misconduct, click here. Ryder System, Inc. (R) Accused of Mi
— Business Wire
