Ryder Reports Growth From Strong Operations During Q4
Results Show First Year-Over-Year Improvement in Eight Quarters
Sanchez said current initiatives emphasize operational excellence, customer-centric innovation, improved cycle returns and profitable growth. (Connor D. Wolf/Transport Topics)
[Stay on top of transportation news: Get TTNews in your inbox.]
Ryder System Inc. reported Feb. 12 that its contractual lease, supply chain and dedicated business operations helped drive growth during the fourth quarter of 2024.
The Miami-based transportation and logistics company posted net earnings of $135 million, or $3.12 a diluted share, for the three months ending Dec. 31. That compared with $124 million, or $2.72, during the same time the previous year. Total revenue increased by 5% to $3.19 billion from $3.02 billion.
“We are pleased to report that this quarter is the first quarter in the last eight with year-over-year comparable earnings growth, driven by double-digit earnings growth in each of our business segments,” Ryder CEO Robert Sanchez said during a call with investors. “I’m extremely proud of our team for delivering solid results throug…
CONTINUE READING THE ARTICLE FROM Transport Topics HERE
Comments are closed, but trackbacks and pingbacks are open.