Connell High School in Connell, Washington, has formally petitioned the FMCSA to allow students under 18 to obtain commercial learner's permits (CLPs).
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May 19, 2024 4:52 pm
Hello, all you road warriors out there! Today, we’re diving into the latest from Ryder Systems, Inc., the big name in transportation and supply chain solutions that many of you know well. Let’s break down their Quarter 4 earnings report into something a bit easier to digest as you keep the wheels moving across our highways.
Ryder’s journey through the last quarter brought in an operating revenue of $2.4 billion. That’s a 2% climb compared to last year—not a huge leap, but moving in the right direction! However, it wasn’t all smooth driving. Their earnings per share, a way to measure how profitable the company is, took a bit of a detour, dropping from $3.89 to $2.95. Why? Well, it seems there were fewer folks buying used vehicles and renting trucks, making things a tad bumpy.
Despite these rough patches, Ryder kept its cool with a 19% return on equity. That’s like making sure you’re getting a good amount of bang for your buck, and they hit their target right on.
Ryder’s got some tricks up its sleeve, though. They’re welcoming Cardinal Logistics to the family, a move that’s expected to bring more cash down the line in 2024 and 2025. So, what’s the takeaway from all this? Here’s the breakdown:
Yes, there were a few bumps in the road—like the dip in used vehicle sales and rentals and a bit of a squeeze on cash flow. But Ryder isn’t hitting the brakes. They’re looking at a brighter horizon with expected growth in several segments and better days ahead for freight conditions.
From their earnings call, Ryder shared some optimism. They’re expecting things to pick up in the rental and used vehicle sales by the second half of the year. Plus, they’ve got plans to grow their dedicated fleet significantly, which should be music to the ears of those looking for more stability and growth opportunities.
In summary, Ryder Systems, Inc. might have faced a few detours in Quarter 4, but they’re steering towards a promising path ahead. They’re banking on their strategies, like the acquisition of Cardinal Logistics and a focus on growth areas, to keep them cruising into 2024.
So, to all the dedicated drivers and members of the Ryder family, keep your eyes on the road and your hands upon the wheel. The journey ahead looks promising, and we’re here to navigate it together. Safe travels, and let’s look forward to more miles and milestones with Ryder Systems, Inc.
Connell High School in Connell, Washington, has formally petitioned the FMCSA to allow students under 18 to obtain commercial learner's permits (CLPs).
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