Company Overview - Ryder System, Inc. is a leading provider of logistics and transportation solutions, focusing on fleet management and supply chain sectors [6] - The company operates a diversified business model across three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Transportation Solutions [9] - Ryder generates revenue from leasing, rental, maintenance, and value-added logistics services, serving a broad customer base in North America and internationally [9] Financial Performance - As of November 14, 2025, Ryder's stock price was $170.49, with a market capitalization of $6.88 billion [4] - The company reported a revenue of $12.68 billion and a net income of $502 million for the trailing twelve months (TTM) [4] - Ryder's third-quarter earnings rose 2% year over year to $3.33 per share, marking the fourth consecutive quarter of earnings growth on a per-share basis [10] Recent Developments - HG Vora Capital Management, LLC sold 300,000 shares of Ryder, resulting in a $37.77 million decrease in the fund's position value, reducing its stake to 8.56% of reportable assets under management (AUM) [2][8] - Despite the sale, Ryder remains the fifth largest holding in HG Vora's portfolio, with a total of 335,000 shares valued at $63.19 million [2][8] - Ryder's stock has fallen by 9.6% since the end of September, underperforming the S&P 500 by 8.82 percentage points [7][8] Market Conditions - The freight market conditions have been challenging this year, yet Ryder has managed to grow its business [10] - Outsourcing logistics to companies like Ryder is increasingly attractive for smaller businesses that cannot manage their own fleets [11] - Ryder has maintained dividend payments for over 49 years, with a recent 12% increase in its payout to $0.81 per share, offering a yield of 2.1% at recent prices [11]