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Founded in 1933 as a concrete hauling company with only one truck, the company expanded its business within just a few years to leasing the trucks to other companies. Now Ryder System is a global leader in transportation and supply chain management solutions. Ryder divides its business into three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Contract Carriage. The company also provides diesel fuel accessing services; offers fuel services, such as fuel planning, fuel tax reporting, centralised billing, fuel cards, and fuel monitoring services; and sells its used vehicles through its 59 retail sales centres and their website. Headquartered in Miami, Ryder has satellite locations in 48 US States and also in Mexico, Canada, Singapore, China and the United Kingdom. Capital.com enables you to browse the Ryder System (R) share price in real time.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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