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Ryder System Grows Southeast Presence With Lebanon Expansion
ZACKSยท 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]