Ryder 101

Ryder operates behind the scenes, managing critical fleet and supply chain functions for over 40,000 customers, many of which make the products that consumers use every day. The Company’s solutions fall into the following three areas: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Transportation Solutions.

Ryder System, Inc.

Supply Chain Solutions

WATCH SCS VIDEO
Distribution Management
  • Warehouse & distribution center operations
  • Inbound materials management
  • Outbound product support
  • Kitting, Packaging and postponement
  • Reverse logistics
  • Just-in-time replenishment
  • E-commerce network support
Dedicated Transportation
  • Transportation component of integrated logistics solution that includes drivers, vehicles, maintenance, routing & scheduling, management & administrative support
Transportation Management
  • Procure and execute freight moves as customer's agent
  • Shipment planning and executing
  • Freight brokerage
  • Freight bill audit and payment
  • Origin/destination services
E-commerce & Last Mile
  • E-commerce fulfillment provider
  • Last mile delivery of big and bulky goods
  • Nationwide network able to reach 100% of US in 2 days and 60% in 1 day
Other Services
  • Contract packaging and contract manufacturing
  • Strategic consulting & decision support
  • Solutions engineering
  • Network modeling & optimization

Dedicated Transport Solutions

WATCH DTS VIDEO
Dedicated Transportation
  • Turnkey transportation service with drivers, vehicles, maintenance, routing & scheduling, management & administrative support
Transportation Management
  • Freight procurement & contract management
  • Shipment planning and executing
  • Freight brokerage
  • Freight bill audit and payment
  • Origin/destination services

Fleet Management Solutions

WATCH FMS VIDEO
ChoiceLease
  • Long-term contractual agreement
  • Includes vehicles procurement, flexible levels of maintenane services and used vehicle disposition
  • Comprehensive package of fleet support services available
SelectCare & Other
  • Maintenance services on vehicles owned by our customers or leased from third parties
  • Ancillary maintenance work on Ryder or customer owned vehicles not included in base contract
  • Torque by RyderR – retail mobile maintenance
  • Safety services and regulatory reporting
Commercial Rental
  • Commercial vehicles for short-term customer needs
  • Used by lease and non-lease customers
  • Complementary Service offering for ChoiceLease customers
Distribution Management
  • Warehouse & distribution center operations
  • Inbound materials management
  • Outbound product support
  • Kitting, Packaging and postponement
  • Reverse logistics
  • Just-in-time replenishment
  • E-commerce network support
Dedicated Transportation
  • Turnkey transportation service with drivers, vehicles, maintenance, routing & scheduling, management & administrative support
ChoiceLease
  • Long-term contractual agreement
  • Includes vehicles procurement, flexible levels of maintenane services and used vehicle disposition
  • Comprehensive package of fleet support services available
Dedicated Transportation
  • Transportation component of integrated logistics solution that includes drivers, vehicles, maintenance, routing & scheduling, management & administrative support
Transportation Management
  • Freight procurement & contract management
  • Shipment planning and executing
  • Freight brokerage
  • Freight bill audit and payment
  • Origin/destination services
SelectCare & Other
  • Maintenance services on vehicles owned by our customers or leased from third parties
  • Ancillary maintenance work on Ryder or customer owned vehicles not included in base contract
  • Torque by RyderR – retail mobile maintenance
  • Safety services and regulatory reporting
Transportation Management
  • Procure and execute freight moves as customer's agent
  • Shipment planning and executing
  • Freight brokerage
  • Freight bill audit and payment
  • Origin/destination services
Commercial Rental
  • Commercial vehicles for short-term customer needs
  • Used by lease and non-lease customers
  • Complementary Service offering for ChoiceLease customers
E-Commerce & Last Mile
  • E-commerce fulfillment provider
  • Last mile delivery of big and bulky goods
  • Nationwide network able to reach 100% of US in 2 days and 60% in 1 day
Other Services
  • Contract packaging and contract manufacturing
  • Strategic consulting & decision support
  • Solutions engineering
  • Network modeling & optimization
OUR

STRATEGY

Become the most trusted logistics and transportation partner in North America by providing innovative solutions, operational excellence, customer focus, best in class talent and technology - enabled by disciplined capital allocation.

Low 20's Return on Equity (ROE) Target Over The Cycle

Operational Excellence

Continuous productivity and process improve-ment to solve customer problems, increase cost effectiveness and drive safety

Continuous productivity and process improve-ment to solve customer problems, increase cost effectiveness and drive safety

Customer Focus

Accelerate growth rate through increased sales & marketing effectiveness and new product innovation

Accelerate growth rate through increased sales & marketing effectiveness and new product innovation

Innovation

Develop new services connected to the core business that deliver value to targeted customer segments

Develop new services connected to the core business that deliver value to targeted customer segments

Talent & Culture

Attract, develop and retain the best talent in an environment where leaders engage their people to innovate, pursue the vision and build on our values

Attract, develop and retain the best talent in an environment where leaders engage their people to innovate, pursue the vision and build on our values

Technology

Deploy technology to enable growth while improving operational efficiencies

Deploy technology to enable growth while improving operational efficiencies

Disciplined Capital Allocation

Moderate growth in capital intensive FMS business; accelerated growth in asset-light DTS/SCS businesses

Moderate growth in capital intensive FMS business; accelerated growth in higher ROE SCS/DTS businesses

  • Accelerate growth in asset-light DTS/SCS businesses
  • Balanced growth and higher returns in capital intensive FMS business
  • Continue commitment to dividend; maintain balance sheet flexibility to allow for share buybacks
  • Invest in capabilities through acquisitions and innovation

Positive free cash flow from moderate FMS growth enhances our ability ​to invest in higher ROE opportunities.

Disciplined Capital Allocation

Accelerate growth in asset-light DTS/SCS business

Balanced growth and higher returns in capital intensive FMS business

Continue commitment to dividend; maintain balance sheet flexibility to allow for share buybacks

Invest in capabilities through acquisitions and innovation

Positive free cash flow from moderate FMS growth enhances our ability ​to invest in higher ROE opportunities.

WHY INVEST?

  • Executing on balanced growth strategy
  • Outperforming prior cycles
  • Reduced reliance on used vehicle proceeds
  • Only 5%-25% of US addressable market is outsourced
  • Secular growth trends supported by demand for supply chain resiliency and optimization
  • Labor challenges, vehicle complexity and nearshoring trends favor outsourcing
  • ∼85% of total revenue is contractual (ChoiceLease, SCS & DTS)
  • Expanded pricing spreads
  • Supports stable cash flow generation
  • Diversified SCS revenue base
  • Drives long-term value creation
  • RyderShareTM - freight visibility & collaboration
  • E-commerce fulfillment
  • Ryder Last Mile delivery of big & bulky goods
  • Baton, A Ryder Technology Lab
  • Electric and autonomous vehicle technology
  • Accelerated growth in asset-light SCS/DTS businesses
  • Moderate FMS growth with higher returns
  • Cost management and pricing discipline
  • Enhanced asset management playbook
  • Disciplined capital allocation
  • Strong balance sheet

Dividend History

ryder dividend history chart 2024

Financial Snapshot

Full Year 2023
Revenue $11.8 Billion
Operating Revenue $9.5 Billion
Comparable Earnings (1) $602 Million
Comparable EPS (1) $12.95
Free Cash Flow (1) $(54) Million
Adjusted Return on Equity 19%
Assets $15.8 Billion

(1) These amounts result from continuing operations.
Non-GAAP financial measures - please refer to financial statements and Earnings Release materials for description and reconciliation of non-GAAP financial measures.