Reported about 1 month ago
Ryder System is undergoing a significant transformation, moving away from its traditional focus on truck rentals towards a business model increasingly centered on contractual agreements. In a recent earnings report, CEO Robert Sanchez highlighted that the company's revenue split is shifting to about 60% from its Supply Chain Solutions and Dedicated Transport Solutions, which offer contract-based services, while Fleet Management Services, historically dominant, will account for the remaining 40%. Despite a slight drop in quarterly earnings, Ryder anticipates growth in net income for the upcoming quarter as it continues to capitalize on its new strategic direction.
Source: YAHOO