To learn more about Ryder's board of directors, please visit: https://investors.ryder.com/. MIAMI--(BUSINESS WIRE)--The board of directors of Ryder System, Inc. (NYSE: R) today announces the appointment of Tammy Romo, 63, to its board, effective January 5, 2026. Romo will serve as a member of the Audit and Finance Committees. "The board nominated Tammy as a director for her impressive results-oriented leadership style, proven ability to provide strategic oversight in complex public company settings, and her ...

Core Viewpoint - Ryder System, Inc. announces the retirement of Chairman and CEO Robert E. Sanchez effective March 31, 2026, with John J. Diez set to succeed him as CEO on the same date, as part of a planned succession strategy [1][2]. Group 1: Leadership Transition - Robert E. Sanchez has been with Ryder since January 2013 as CEO and May 2013 as Chairman, and will transition to the role of executive chair to facilitate a smooth leadership change [2]. - John J. Diez, currently President and COO, has been with Ryder for over 20 years and has a strong track record in various leadership roles, including executive vice president and CFO [3][5]. Group 2: Company Strategy and Performance - Sanchez has been credited with delivering excellent results and record shareholder value through a balanced growth strategy that has improved returns and transformed Ryder's business profile [3]. - Diez expressed confidence in continuing Ryder's growth, particularly as supply chain complexities increase and demand for port-to-door services rises [3]. Group 3: Company Overview - Ryder System, Inc. is a fully integrated logistics and transportation company providing a range of services including supply chain solutions, dedicated transportation, and fleet management across the U.S., Mexico, and Canada [5]. - The company manages nearly 250,000 commercial vehicles and operates approximately 300 warehouses, totaling over 100 million square feet [5].

Ryder System (NYSE:R) FY Conference Summary Company Overview - Ryder is a leader in the outsourced logistics and transportation market, organized into three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions, and Supply Chain Solutions (SCS) [4][5] Key Points and Arguments Transformation and Business Profile - Ryder has undergone significant transformation since 2018, reducing the Fleet Management segment's contribution from over 60% to just over 40% of revenue, while increasing the Supply Chain and Dedicated segments to 60% of the portfolio [7][8] - The company aims to derisk the fleet management business, enhance margins, and accelerate growth in asset-light businesses [8] - Projected earnings per share for the current year is close to $13, compared to just under $6 at the previous freight cycle peak in 2018 [8] - Operating cash flow has increased from approximately $1.7 billion to about $2.8 billion, indicating stronger earnings power [9] Market Conditions and Segment Performance - The rental side of the business has shown softness, particularly in manufacturing, housing, and consumer markets, with manufacturing activity down for nine consecutive months [15][16][18] - The supply-demand imbalance in the truck market has led to lower used vehicle prices, impacting Ryder's commercial rental and used vehicle segments [20][21] - The company has seen a tightening truckload market due to regulatory changes affecting driver availability, which may benefit Ryder's dedicated services [19][22] Customer Base and Competitive Landscape - Approximately 80% of Ryder's lease customers are private fleets, with the company providing significant value in managing transportation for these customers [28] - Ryder's dedicated services are differentiated by their specialized handling and high-touch activities, contrasting with competitors who primarily serve large retailers [31][32] Technology and Innovation - Ryder has invested in technology to enhance customer engagement and operational efficiency, including platforms like Rider Share and Rider Guide [58][62] - The company employs nearly 500 engineers to design solutions, with over 40% of warehouses utilizing some form of automation [57] Future Outlook and Strategic Initiatives - Ryder is focused on growing its existing business, particularly in fleet management and supply chain solutions, with plans for further acquisitions and capital investments [72][74] - The company anticipates continued earnings growth driven by initiatives that have already contributed $70 million in incremental benefits this year [70][71] - Excitement surrounds the supply chain business, which is on track for record earnings, while concerns remain about the overall economic environment and its impact on freight demand [77][80] Additional Important Insights - The company has a long-term contractual nature in its business, with dedicated contracts typically lasting three to five years and leasing contracts lasting five to seven years [41] - Ryder has a history of returning capital to shareholders, having bought back 20% of its shares over the past four and a half years [74] - The company is optimistic about the potential for growth in e-commerce and warehousing, despite current softness in these areas [54][55] This summary encapsulates the key insights from Ryder System's FY conference, highlighting the company's strategic direction, market conditions, and future growth opportunities.