Ryder System ( (R) ) has provided an announcement.
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Ryder System, Inc. showcased strong third-quarter performance despite challenging market conditions in rental and used vehicle sales. The company’s total revenue rose to $3.2 billion, with operating revenue up 9% due to recent acquisitions. Earnings growth in contractual lease, supply chain, and dedicated businesses drove outperformance, maintaining a robust 16% ROE. Ryder’s strategic initiatives in pricing, maintenance, and cost management bolstered results across segments, highlighting resilience amidst a freight-cycle downturn.
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