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Ryder opens Tennessee facility as it chases growing demand
Yahoo Finance· 2025-10-10 10:13
Core Insights - Ryder System is expanding its logistics capabilities by opening a new truck rental and maintenance facility in Lebanon, Tennessee, to meet growing demand trends in the logistics sector [3][4][7] - The company is strategically investing in growth regions to align its infrastructure with shifting supply chain needs, aiming to deliver enhanced value to customers [3][4] - Ryder's recent performance shows a 2% year-over-year increase in operating revenue, reaching $2.6 billion, with growth across multiple segments, particularly in Fleet Management Solutions [5] Company Expansion - The new facility in Lebanon spans 7,000 square feet and includes five maintenance bays, integrated technology, and support for fleet and commercial truck rentals [7] - Lebanon's growing population and business climate, along with new investments in logistics and manufacturing, are key factors driving Ryder's expansion in the region [4][7] - The company plans to open additional facilities across the U.S. to strengthen its network and provide seamless, technology-enabled logistics solutions [4] Market Positioning - Ryder is repositioning itself amid challenging market conditions while noting progress in its margins [5] - The company anticipates potential investments in its rental fleet as market conditions improve, with plans to possibly invest in tractors by 2026 [6]
Smith-Midland Secures Over $2 Million in SlenderWall(R) Projects in Virginia and New York
Accessnewswire· 2025-10-09 14:10
Core Insights - Smith-Midland Corporation has secured two significant contracts totaling over $2 million, utilizing its proprietary SlenderWall® architectural precast cladding system, which is designed to be lighter, stronger, and more energy-efficient than traditional precast options [1][6] Contract Details - The first contract is with Gilbane Building Company for a precast package exceeding $1 million for the Northern Virginia Community College's (NVCC) Medical Education Campus expansion, covering 34,000 square feet, with production underway and installation scheduled for November 2025 [2][3] - The second contract involves supplying SlenderWall panels for a $1.2 million project at Central Hudson Gas & Electric Corporation's training facility in Lake Katrine, New York, with production starting this summer and installation set for December 2025 [4] Product Features - SlenderWall offers advantages such as reduced material use, built-in insulation, and low-maintenance finishes, making it a sustainable choice for utility and infrastructure projects [5] - The system is noted for its superior energy efficiency, durability, and reduced environmental impact, aligning with the company's commitment to sustainable construction practices [6] Company Overview - Smith-Midland Corporation develops, manufactures, licenses, rents, and sells a variety of precast concrete products primarily for the construction, transportation, and utility industries [7] - The company operates three manufacturing facilities located in Midland, VA, Reidsville, NC, and Columbia, SC, and has a subsidiary, Easi-Set Worldwide, which licenses the production and sale of precast products [8]
Zomedica to Spotlight VETGuardian(R) Zero Touch(TM) Monitor in October "Fourth Friday at Four" Webinar
Accessnewswire· 2025-10-09 10:30
Core Insights - Zomedica Corp. is set to host a webinar on October 24, 2025, focusing on its VETGuardian Zero Touch monitoring platform, which aims to enhance patient care and improve workflow efficiency [1] Company Overview - Zomedica is a veterinary health company that provides innovative point-of-care diagnostic and therapeutic device products for both equine and companion animals [1] Product Highlight - The VETGuardian Monitor is designed to enhance patient care, improve workflow efficiency, and expand global market opportunities [1]
Ryder System Grows Southeast Presence With Lebanon Expansion
ZACKS· 2025-10-08 18:50
Core Insights - Ryder System is expanding its presence in the Southeast by opening a new full-service truck rental and maintenance facility in Lebanon, TN, enhancing its service capabilities in a rapidly growing logistics corridor [1][3] - The new facility features advanced diagnostic technology and integration with RyderGyde, allowing for real-time maintenance updates and improved fleet reliability [2][7] - This expansion aligns with Lebanon's economic growth and infrastructure investments, positioning Ryder to meet the increasing transportation and distribution needs in the Nashville area [3] Financial Performance - Ryder System's shares have increased by 25.1% over the past year, significantly outperforming the Transportation - Equipment and Leasing industry, which saw a decline of 16.5% [4] Zacks Rank - Ryder currently holds a Zacks Rank of 4 (Sell), indicating a less favorable outlook compared to other stocks in the sector [5]
The Procure Space ETF(R) (UFO) Has a New Look!
Accessnewswire· 2025-10-08 14:15
Core Insights - The Procure Space ETF® (NASDAQ:UFO) has expanded its portfolio by adding new domestic and international companies during its rebalancing on September 19, 2025 [1] Company Additions - Firefly Aerospace, a developer of launch and spacecraft, is a new addition to the ETF [1] - Voyager Technologies, which is working on the NASA-backed Starlab space station, has also been included in the portfolio [1]
iFabric & Doctor's Choice(R) Sign Next-Generation Scrubs & Medical Apparel Agreement
Accessnewswire· 2025-09-29 13:30
Core Insights - iFabric Corp. announced a licensing agreement with Mercury Athletics LLC to design, manufacture, and market medical apparel under the Doctor's Choice brand [1] - The program will utilize multiple textile technologies from Intelligent Fabric Technologies (North America) Inc., particularly the PROTX2® technology [1] Company Overview - iFabric Corp. operates through its subsidiary, Intelligent Fabric Technologies (North America) Inc. [1] - The partnership with Mercury Athletics LLC aims to enhance the product offerings in the healthcare apparel market [1] Industry Implications - The incorporation of advanced textile technologies like PROTX2® is expected to improve the quality and functionality of medical apparel [1] - This agreement positions iFabric to capitalize on the growing demand for specialized healthcare apparel [1]
Honoring Esteemed Veterans with Drone Franchise Opportunity
PRWEB· 2025-09-27 18:53
Core Insights - Aquiline Drones Corporation has partnered with Ryder System, Inc. and Vets to Drones to launch a discounted drone franchise program exclusively for U.S. Veterans, providing a lifelong opportunity beyond 2025 [1][2] - The program offers a 30% discount on drone franchises for qualified Veterans, with Ryder providing substantial discounts on franchise vehicles and Vets to Drones offering free professional drone training [2] Company Initiatives - Aquiline Drones recognizes the efforts of the Small Business Administration (SBA) and its VetsCert program, which empowers Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) to compete for specialized contracts, particularly within the Department of Veteran Affairs [3] - The partnership aims to advance federal initiatives like the U.S. Department of War's Blue UAS program and the Replicator Initiative, focusing on expanding secure, American-made drone systems [5][6] Veteran Empowerment - The initiative seeks to enhance Veteran involvement in national security and industry growth by fostering entrepreneurship and enabling military veterans to transition into small-business ownership roles [8][9] - Aquiline Drones' franchise model includes structured training, business development support, and access to federal contracting opportunities for Veteran-owned businesses [7] Market Potential - The U.S. drone market is projected to exceed $60 billion in the next decade, driven by defense upgrades, infrastructure monitoring, and commercial drone adoption [9][10] - The franchise initiative is designed for rapid expansion across multiple states through collaborations with Veterans' organizations and government entities, ensuring franchisees are prepared for civilian and defense contracts [9][10] Strategic Goals - The partnership aims to bolster local economies and advance U.S. technological leadership by creating a robust ecosystem that empowers Veterans with resources and solutions [11][13] - The initiative aligns with national directives to strengthen the domestic UAS industrial base and promote Veteran-owned federal contracting goals [13][14]
NuGen Medical Devices Announces NHS Drug Tariff Approval for EziAutoJector(R) Product Line in the UK
Newsfile· 2025-09-26 21:30
Core Points - NuGen Medical Devices has announced that its EziAutoJector® product line has received NHS Drug Tariff approval in the UK, allowing diabetes patients to access the device at no cost as part of NHS-funded care [1][2][6] - The approval aligns with NICE guidelines, promoting personalized patient choice in insulin delivery methods, and ensures pharmacists are reimbursed for dispensing the product [2][6] - EziAutoJector® Ltd has established distribution channels through a major pharmaceutical wholesaler, targeting both high-street pharmacies and online pharmacy services [3] - A direct-to-consumer e-commerce channel will enhance accessibility for patients facing prescribing restrictions [4] - Transitioning to EziAutoJector® allows patients to eliminate the use of over 1,000 single-use insulin needles annually, reducing biohazardous waste and supporting NHS environmental goals [5][6] Company Overview - NuGen Medical Devices specializes in needle-free drug delivery technology, with its flagship InsuJet™ system approved in 42 countries [6]
Will Ryder's Shareholder-Friendly Initiatives Aid the Bottom Line?
ZACKS· 2025-09-26 18:11
Core Insights - Ryder System, Inc. has consistently rewarded shareholders through dividends and share buybacks, with a total return of $456 million in 2024 and $71 million in dividends along with $261 million in share repurchases in the first half of 2025 [1][10] Dividend Policy - On July 10, 2025, Ryder's board approved a 12% increase in its quarterly cash dividend, raising it to 91 cents per share from 81 cents, reflecting the company's commitment to enhancing shareholder returns [2][5] - This dividend hike is the first since July 2024, marking Ryder's 196th consecutive quarterly cash dividend and demonstrating over 49 years of uninterrupted dividend payments [3][10] Market Position and Performance - Ryder's stock has shown strong performance, improving in double digits over the past year and outperforming the Zacks Transportation - Equipment and Leasing industry [9] - The stock is currently trading at a forward 12-month price-to-sales ratio of 0.57X, significantly lower than the industry average of 1.94X, indicating an attractive valuation [13] Industry Context - Other companies in the transportation sector, such as Kirby Corporation and Werner Enterprises, have also engaged in share buyback programs in 2025, reflecting a broader trend of returning capital to shareholders [6][7] - Union Pacific Corporation has similarly increased its dividend by 3%, showcasing a commitment to shareholder returns within the industry [8]
Independent Research Demonstrates Ruvidar(R) Effective in the Destruction of Herpes Simplex Virus
Newsfile· 2025-09-24 11:00
Core Viewpoint - Theralase Technologies Inc. has announced the peer-reviewed publication of preclinical data demonstrating that its antiviral candidate Ruvidar® is more effective than Acyclovir® and Metformin® in treating Herpes Simplex Virus Type 1 (HSV-1) [1][2][3] Company Summary - Theralase Technologies Inc. is a clinical stage pharmaceutical company focused on developing light, radiation, sound, and drug-activated therapeutics for treating various diseases, including cancer and viral infections [1][8] - The company is advancing Ruvidar® into clinical development, with plans for a Phase I/II adaptive clinical study in 2026 to assess its safety and efficacy in treating cold sore lesions [1][6] Research Findings - The latest research published in MDPI - Viruses indicates that Ruvidar® significantly inhibits HSV-1 replication post-infection, unlike Acyclovir® and Metformin®, which show little effect once infection is established [2][3] - Ruvidar® has demonstrated effectiveness against Acyclovir®-resistant HSV-1 mutants, highlighting its potential as a next-generation antiviral therapy [3][4] - The combination of Ruvidar® with Acyclovir® proved to be more effective than either treatment alone, suggesting potential for combinational therapies [4][6] Market Context - The global HSV treatment market was estimated at $2.8 billion in 2024 and is projected to grow to $4.7 billion by 2033, indicating a significant opportunity for effective antiviral treatments like Ruvidar® [8]