Ryder System (R) 2025 Conference June 11, 2025 09:45 AM ET Speaker0 All right. Well, welcome back to day two of the Wells Industrial and Materials Conference. I'm delighted to continue and segue into the trucking and logistics portion of our conference with Ryder Systems Inc. With us, we've got Robert Sanchez, the Chairman and CEO as well as in the audience, Kayleen Candela. So I'm going to turn it over to Robert for some prepared remarks, and then we'll jump into Q and A. Speaker1 Okay. Thank you. Well, I' ...

Core Insights - Titanium Transportation Group Inc. reported a consolidated revenue growth of 7.5% year-over-year for Q1 2025, reaching CAD 121.4 million, driven by strong performance in the logistics segment which grew by over 17% [3][9][10] - The company maintained a prudent capital allocation strategy, reducing debt by CAD 10.7 million and increasing cash flow from operating activities to CAD 15.0 million, more than doubling from the previous year [5][10] - Despite challenging macro conditions, early indicators for Q2 suggest a continued recovery, positioning the company for sustainable growth and long-term shareholder value [6][13] Financial Performance - Consolidated revenue for Q1 2025 was CAD 121.4 million, compared to CAD 112.9 million in Q1 2024, marking a 7.5% increase [7][10] - EBITDA for Q1 2025 was CAD 8.8 million, down from CAD 9.7 million in Q1 2024, resulting in an EBITDA margin of 8.2% [7][10] - Cash flow from operating activities increased significantly to CAD 15.0 million from CAD 6.2 million in Q1 2024 [10] Segment Performance - Truck Transportation segment revenue decreased by 2.2% to CAD 56.1 million, while the Logistics segment revenue increased by 17.6% to CAD 66.1 million [10][11] - The logistics segment's growth was attributed to a 9% increase in volume, showcasing the scalability of Titanium's asset-light model [9][10] Strategic Initiatives - The company expanded its U.S. logistics footprint to nine locations, including a new brokerage office in Irving, TX [9][10] - Strategic divestiture of non-core assets generated CAD 1.7 million in proceeds, contributing to a stronger balance sheet [9][10] Outlook - The company remains cautious amid ongoing macroeconomic uncertainty and freight market volatility, withholding formal guidance for 2025 while focusing on operational execution and cash generation [16][13] - Approximately two-thirds of Titanium's volume is non-cross border, reducing exposure to potential tariff risks [13]