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For 25 years, more than 43,000 eligible technicians have entered the competition 10 of Ryder’s most skilled technicians to compete August 13 in Nashville for $50,000 and the title of 2026 Top Technician MIAMI, July 30, 2026--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R) celebrates the 25th anniversary of its Top Technician ("Top Tech") Skills Competition next month, honoring a quarter century of excellence, innovation, and professional achievement among the maintenance technicians who keep the company’s commercial fleets running safely and efficiently. Since 2002, Top Tech has grown to be one of Ryder’s most celebrated employee recognition programs. The milestone culminates on August 13 in Nashville, Tennessee, where 10 professional technicians will gather for the championship finals to compete for a chance to win the $50,000 grand prize and earn the title of Ryder’s 2026 Top Technician. In a day-long test of technical skill, speed, and precision, finalists will move through 10 timed competition stations, diagnosing and resolving real-world maintenance challenges on Ryder vehicles under the watchful eye of expert judges. This year’s competitors represent some of the most skilled maintenance professionals across Ryder’s operations in the United States and Canada. "Our ten finalists represent the very best of what our maintenance workforce stands for—technical mastery, problem-solving, and an unwavering commitment to keeping our customers moving," says Bryce Kinsley, vice president of maintenance operations at Ryder. "Twenty-five years in, Top Tech continues to set a higher standard for our profession, and this year’s class of finalists reflects the depth of talent, dedication, and pride that defines Ryder’s technicians every day." By the Numbers: 25 Years of Top Tech Each year, technicians from Ryder's roughly 5,000 U.S.- and Canada-based maintenance professionals advance through a multi-stage qualification process—beginning with written and hands-on assessments, followed by head-to-head regional competitions testing speed and diagnostic precision. The top two scorers from each region earn a coveted spot among the 10 finalists competing on the championship stage. Over the past 25 years, Top Tech has grown into one of Ryder’s most visible and lasting employee recognition programs, shaped by milestones that reflect its growth and impact: 43,000+ technician entries across the competition's history, with many competitors returning year after year 15 technicians have earned the title of Ryder Top Tech Champion, with several claiming the honor more than once 13 host cities across North America—Nashville, Detroit, Milwaukee, Pittsburgh, Minneapolis, Louisville, Indianapolis, San Antonio, Washington, D.C., Charlotte, Dallas, Allentown, and Kansas City 44 OEMs and industry suppliers have supported the championship as sponsors since 2019, helping design competition stations that mirror real-world maintenance challenges "What makes Top Tech unique is that it evolves with our industry," says Rob Alley, senior director of maintenance training at Ryder. "The vehicles, tools, and technologies have transformed over the last 25 years, and thanks to close collaboration with our OEM partners, the competition has transformed with them. That commitment to continuous learning is what keeps Top Tech relevant—and what makes it so special." A Legacy Built on Technician Excellence While Top Tech has grown in size and scope over 25 years, its purpose has remained consistent: recognizing the technicians whose expertise keeps Ryder’s fleet of approximately 240,000 commercial vehicles operating safely, reliably, and efficiently. For many participants, the impact extends far beyond the competition floor — shaping careers, elevating shops, and influencing the broader profession. While Top Tech identifies Ryder’s annual champion, former participants say the experience often extends beyond the competition itself. "Preparing for Top Tech continually challenged me to expand my technical knowledge and sharpen my diagnostic skills," says Wade Robinson, field maintenance manager and 2021 Ryder Top Tech Champion from London, Ontario. "The experience and increased visibility across the organization helped prepare me for new career opportunities within Ryder." Kyle Walton, technician in charge and 2025 Ryder Top Tech Champion, says, "The competition also benefits technicians throughout the organization. The knowledge and experience I gained through Top Tech, including conversations with the other nine competitors, didn’t only stay with me. I brought those lessons back to my shop and shared them with other technicians. The true benefit of Top Tech is that the program can make all technicians better, even those who choose not to compete. A rising tide raises all boats." The event will be livestreamed with the 2026 Top Technician champion being crowned live. Highlights from the week-long event will be shared on Ryder’s Facebook and LinkedIn channels. Editor’s Note: To coordinate media interviews or learn more about attending in person, contact Jonathan Mayor at [email protected] or 305-500-3161. About Ryder System, Inc. Ryder System, Inc. (NYSE: R) is a nearly $13 billion leading provider of outsourced logistics and transportation services throughout the United States, Canada, and Mexico. Ryder offers supply chain, dedicated transportation, and fleet management solutions that integrate every step of the supply chain port-to-door, including cross-border logistics, fleet and transportation management, warehousing and distribution, and final delivery to customers’ doorsteps. Ryder’s broad portfolio of services encompasses managed transportation, freight brokerage, dedicated contract carriage with professional drivers, full-service fleet leasing and maintenance, commercial truck rental, automation and robotics, digital technologies, contract manufacturing and packaging, omnichannel retail fulfillment including e-commerce and last-mile delivery, and used vehicle sales. Serving more than 20 industries, Ryder manages approximately 240,000 commercial vehicles, operates nearly 800 maintenance locations, and runs approximately 320 warehouses totaling more than 100 million square feet. Ryder is consistently recognized for technology-driven innovation and industry-leading practices in safety, health, security, talent acquisition, and environmental management, and was most recently named to Fortune’s "America’s Most Innovative Companies" list. www.ryder.com Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. ryder-fms View source version on businesswire.com: https://www.businesswire.com/news/home/20260730775886/en/ Contacts For Information Contact:Jonathan Mayor, [email protected] Federman, [email protected]

Ryder’s second quarter saw revenue growth above Wall Street expectations, but the market reacted negatively to the results as operating margin declined from the prior year. Management attributed performance to steady execution of its balanced growth strategy and highlighted improved conditions in used vehicle sales. CEO John Diez pointed to resilience in Ryder’s transformed business model, noting: “Our high-quality contractual base has proven to be a key driver of business model resilience over the cycle.” However, margin compression and challenging conditions in dedicated and supply chain segments were noted as headwinds. Is now the time to buy R? Find out in our full research report (it’s free). Revenue: $3.35 billion vs analyst estimates of $3.30 billion (5% year-on-year growth, 1.3% beat) Adjusted EPS: $3.73 vs analyst estimates of $3.69 (1% beat) Management raised its full-year Adjusted EPS guidance to $14.60 at the midpoint, a 1.2% increase Operating Margin: 8.5%, in line with the same quarter last year Market Capitalization: $9.90 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Bascome Majors (Stephens) asked about supply chain competition from Amazon and market dynamics. CEO John Diez and President Steve Sensing responded that they have not seen direct competition yet, noting Ryder’s customized solutions and strong pipeline remain intact. Jordan Alliger (Goldman Sachs) inquired about dedicated contract renewals and supply chain margin recovery. Diez discussed secular outsourcing trends and stronger sales activity, while Sensing explained that margin improvement depends on volume rebounds and ramp-up of new projects. Robert Salmon (Wells Fargo) questioned the divergence between active and ending fleet units. Diez and President Tom Havens attributed this to sales cycle timing, expecting fleet growth as customer confidence returns and sales activity strengthens. Ravi Shanker (Morgan Stanley, via Nancy) asked what would trigger significant rental fleet expansion and further upside in used vehicle sales. Diez indicated that a pronounced rental demand recovery and sustained retail price increases would be necessary before adding fleet or raising guidance. Scott Group (Wolfe Research) explored seasonality and the impact of business model transformation on earnings patterns. Diez explained that asset-light expansion has flattened traditional earnings seasonality, resulting in a more stable earnings profile across quarters. In the coming quarters, our analysts will be watching (1) the pace of recovery in commercial rental demand and used vehicle pricing, (2) the ramp-up and profitability of new supply chain and dedicated transportation contracts, and (3) the impact of automation and AI investments on segment margins. Additionally, we will track regulatory and cost developments, including EPA-related changes and potential shifts in capital allocation. Ryder currently trades at $257.05, down from $276.37 just before the earnings. At this price, is it a buy or sell? The answer lies in our full research report (it’s free for active Edge members). ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it’s flagging this month — FREE. Get Our Top 5 Growth Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+271% between June 2020 and June 2025). Find your next big winner with StockStory today.

Ryder System (R) has given investors plenty to assess after a sharp 2026 rally and another quarter of earnings growth. Shares are up 39.9% year to date, reflecting better execution and improving used vehicle conditions. The case is not one-sided. Ryder’s earnings momentum, valuation discount and cash returns support investor interest, but leverage, economic uncertainty and a weaker momentum profile argue for selectivity. Ryder reported second-quarter 2026 comparable earnings per share of $3.73, up 12.4% year over year. The result exceeded the consensus estimate, with the latest EPS surprise at 0.8%. Total revenues rose 5% year over year to $3.35 billion. Fleet Management Solutions was a key driver, with earnings before taxes increasing 20% to $150 million on better contractual business performance and improved used vehicle sales. Management also raised full-year comparable EPS guidance to $14.40-$14.80 from the prior range of $14.05-$14.80. The higher outlook supports the view that Ryder’s contractual portfolio and strategic initiatives are translating into earnings growth. Ryder trades at 0.68X forward 12-month price-to-sales, well below 2.33X for its Zacks sub-industry, 1.45X for the broader transportation sector and 4.97X for the S&P 500. That discount supports the value argument, especially for investors comparing Ryder with other transportation names. XPO, Inc. XPO is tied more directly to asset-based less-than-truckload freight transportation, while J.B. Hunt Transport Services, Inc. JBHT offers a broader freight and logistics model across North America. Still, Ryder’s own history tempers the valuation case. The stock is also trading at the high end of its five-year price-to-sales range, which has run from 0.28X to 0.68X, with a median of 0.42X. Ryder returned $406 million to shareholders through dividends and buybacks in the first half of 2026. That followed $664 million returned in 2025, $456 million in 2024 and $465 million in 2023. Since 2021, Ryder has repurchased 26% of its outstanding shares and increased its quarterly dividend by 74%. The latest dividend increase was 11%, marking the fourth straight year of a double-digit raise. Ryder System, Inc. dividend-yield-ttm | Ryder System, Inc. Quote Buybacks can strengthen per-share earnings when supported by durable cash flow. Ryder’s first-half free cash flow rose to $684 million from $461 million a year earlier, giving the company room to reward shareholders while funding fleet replacement and contractual growth. The balance sheet remains the main offset. Ryder exited the second quarter with $219 million in cash and cash equivalents against $7.46 billion in total debt, including the current portion. Its current ratio of 0.65 also reflects limited short-term liquidity flexibility. That matters for a capital-intensive leasing model that requires steady investment in vehicles and equipment. The risk is not immediate distress, but sensitivity. If economic conditions weaken or funding costs stay restrictive, elevated leverage could narrow Ryder’s room to maneuver. Ryder’s $303 price target compares with the reported share price of $267.68. That implies about 13.2% appreciation potential from that level. The upside is meaningful, but not overwhelming after the stock’s 39.9% year-to-date gain. Investors are no longer looking at a neglected setup. Industry positioning also adds caution. Ryder’s industry sits in the bottom 32% of the Zacks Industry Rank, limiting the broader near-term backdrop even as company-specific execution has improved. The bottom line: Ryder’s earnings growth, value profile and shareholder returns keep the stock on the radar, but the rally has already priced in part of the improvement. The stock currently carries a Zacks Rank #3 (Hold), which supports a measured stance rather than an aggressive near-term buying call. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Ryder’s Value Score of A and VGM Score of A strengthen the valuation case. Its Growth Score of B points to improving earnings prospects, while the Momentum Score of D cautions against chasing the stock after its strong advance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryder System, Inc. (R) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report XPO, Inc. (XPO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Ryder System, Inc.? Here are five stocks we like better. Ryder posted its seventh straight quarter of comparable EPS growth, with Q2 2026 revenue up 3% to $2.7 billion and comparable EPS up 12% to $3.73. Management said the results were driven by contractual revenue, strategic initiatives, and stronger used vehicle sales. Fleet Management Solutions was the biggest earnings driver, as EBT rose 20% year over year to $150 million. Used tractor and truck pricing improved, rental utilization returned to the 75% target, and used vehicle inventory fell within Ryder’s target range. Ryder raised the low end of full-year EPS guidance to $14.40 from $14.05, citing a better outlook for used vehicle sales, while keeping free cash flow guidance unchanged at $700 million to $800 million. The company also boosted its dividend by 11% and authorized a new 2 million share repurchase program. Defense Earnings Show Readiness Now and Modernization Ahead Ryder System (NYSE:R) reported its seventh consecutive quarter of comparable earnings-per-share growth, with management pointing to contractual revenue, strategic initiatives and improving used vehicle sales as the main contributors to second-quarter 2026 results. Chief Executive Officer John Diez said Ryder’s “transformed model” continued to outperform prior cycles, supported by a shift toward less capital-intensive businesses and long-term customer contracts. He said more than 90% of Ryder’s revenue is generated through long-term contracts, which management views as a key factor in the company’s resilience during the freight cycle. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Prepare for the Next Wave of Factory Automation With These 3 Standout Names “The Ryder team delivered our seventh consecutive quarter of comparable EPS growth,” Diez said. “Solid results were primarily driven by consistent execution on our strategic initiatives. Improving market conditions and used vehicle sales also contributed to our higher results.” For the quarter, Ryder posted total operating revenue of $2.7 billion, up 3% from the prior year. Comparable earnings per share from continuing operations were $3.73, up 12% year over year. Return on equity was 17%, in line with the prior year. Free cash flow rose to $684 million from $461 million, which Executive Vice President and Chief Financial Officer Cristy Gallo-Aquino attributed to lower capital expenditures. → 3 Photonics Companies Making Quantum Tech Possible CEOs Sell Millions Worth of These 3 Big Name Stocks—What It Means for Investors Fleet Management Solutions was the primary driver of higher earnings in the quarter. The segment’s operating revenue increased, reflecting contractual revenue growth, partially offset by lower rental demand. Earnings before taxes rose 20% from the prior year to $150 million. Gallo-Aquino said the improvement reflected benefits from strategic initiatives in the ChoiceLease business, along with strengthening used vehicle market conditions. Fleet Management EBT as a percentage of operating revenue was 11.5%, up from a year earlier but still below Ryder’s long-term target of the low teens over the cycle. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Rental utilization returned to Ryder’s targeted level of 75% on a 15% smaller average fleet. Gallo-Aquino said demand remained below the prior year and historical seasonal trends, but the quarter represented the strongest sequential increase in four years. Rental pricing increased 1% from the prior year. Used vehicle sales showed improvement as well. Year-over-year used tractor pricing increased 3%, while truck pricing rose 6%. Sequentially, overall pricing was stable, but retail pricing improved 7% for trucks and 3% for tractors. Ryder sold 5,100 used vehicles in the quarter, up 500 units sequentially but down 1,100 units from a year earlier, largely reflecting elevated wholesaling activity in the prior year. Used vehicle inventory declined to 8,500 vehicles, within Ryder’s target range. Supply Chain Solutions operating revenue increased 7%, driven by new business, partially offset by lost business in automotive. Segment earnings before taxes declined 7% year over year, which Ryder attributed to lower automotive results and, to a lesser extent, productivity issues tied to new business ramp-ups. Benefits from optimization of the company’s omni-channel retail network partially offset those pressures. Supply Chain EBT as a percentage of operating revenue was 8.4%, which management said was at the segment’s long-term high-single-digit target. Gallo-Aquino noted that comparisons were challenging because the prior-year quarter included record results. Dedicated Transportation Solutions operating revenue declined 3% due to a lower fleet count, partially offset by higher pricing. Earnings before taxes were lower than a year ago, reflecting reduced operating revenue and adverse development of prior-year insurance claims, partly offset by strategic initiative benefits. Dedicated EBT as a percentage of operating revenue was 7.9%, also at the segment’s long-term high-single-digit target. Ryder raised the low end of its full-year 2026 comparable EPS forecast to $14.40 from $14.05, while keeping the high end at $14.80. Diez said the increase largely reflected an improved outlook and reduced downside in used vehicle sales. Ryder now expects used vehicle sales gains of about $40 million for the full year, up $10 million from its prior forecast. That benefit is expected to be partially offset by the timing of new business onboarding in Supply Chain. Ryder also revised its 2026 return on equity forecast to 18%, compared with its prior range of 17% to 18%. The company maintained its free cash flow forecast of $700 million to $800 million. For the third quarter, Ryder forecast comparable EPS of $4.00 to $4.20, above the prior-year result of $3.57. Diez said Ryder remains on track to deliver $70 million in incremental benefits from strategic initiatives in 2026. Those initiatives are part of a $170 million multi-year program launched in 2024 and include lease pricing, maintenance cost savings, Dedicated margin improvement actions and Supply Chain network optimization. Management also said Ryder could benefit meaningfully from a freight cycle upturn. By the next cycle peak, Ryder estimates a potential $250 million benefit, primarily from rental and used vehicle sales recovery in Fleet Management, with additional benefits from higher omni-channel retail volumes. Year-to-date lease capital spending was $605 million, below the prior year due to timing of replacement activity. Ryder expects full-year 2026 lease spending of $1.9 billion and rental spending of $200 million. Total capital expenditures are forecast at approximately $2.4 billion, with net capital expenditures expected to be about $1.9 billion after roughly $500 million in proceeds from used vehicle sales. Gallo-Aquino said Ryder’s contractual base is generating higher earnings and cash flow, helping reduce leverage and create additional debt capacity. Over a three-year period, Ryder expects to generate about $10.5 billion from operating cash flow and used vehicle sales proceeds, creating approximately $14 billion available for capital deployment when incremental debt capacity is included. The company estimates that about $9.5 billion will be used for lease and rental replacement vehicles and dividends, leaving around $4.5 billion for flexible deployment to support growth, acquisitions, investments and share repurchases. Ryder returned $406 million to shareholders through buybacks and dividends year to date. The board also authorized a new discretionary 2 million share repurchase program and approved an 11% increase to the quarterly dividend, marking the fourth consecutive year of a double-digit dividend increase. During the question-and-answer session, management said sales activity remained strong across the business. Diez said Fleet Management had seen two consecutive quarters of positive net sales, with fleet growth expected to improve toward the end of 2026 and into 2027. Tom Havens, President of Fleet Management Solutions, said the lag between sales and fleet additions reflects the time required to order and place vehicles into service. In Dedicated, Diez said record pipelines reflected customer interest in outsourced capacity as the trucking market tightens. He cited rising costs, tighter driver capacity and higher insurance costs as trends supporting the Dedicated business. Analysts also asked about competition in Supply Chain, including Amazon’s logistics offerings. Diez said Ryder had not seen an impact on its sales pipeline. Steve Sensing, President of Supply Chain Solutions and Dedicated Transportation Solutions, said Ryder had not yet encountered Amazon in requests for quotes and emphasized that Ryder’s Supply Chain solutions are typically customized, dedicated operations for individual customers. Diez said freight market conditions are improving, but remain below normalized levels, with geopolitical and macroeconomic factors still affecting the pace and durability of recovery. Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company's Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment. Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Ryder System Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Ryder System, Inc. R reported impressive second-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Quarterly earnings per share (EPS) of $3.73 beat the Zacks Consensus Estimate of $3.70 and improved 12.4% year over year, reflecting share repurchases and higher earnings in Fleet Management Solutions (“FMS”). Ryder System, Inc. price-consensus-eps-surprise-chart | Ryder System, Inc. Quote Total revenues of $3.35 billion beat the Zacks Consensus Estimate of $3.31 billion and rose 5% year over year. Operating revenues of $2.70 billion increased 3% year over year. Fleet Management Solutions: Total revenues of $1.56 billion inched up 6% year over year, reflecting higher fuel pricing passed through to customers and higher operating revenues. Operating revenues of $1.30 billion increased 1% year over year, reflecting contractual revenue growth, partially offset by lower commercial rental demand. Supply-Chain Solutions: Total revenues of $1.47 billion inched up 8% year over year, reflecting increased operating revenues. Operating revenues rose 7% year over year to $1.1 billion, owing to new business, partially offset by lost business in automotive. Dedicated Transportation Solutions: Total revenues of $600 million declined 1% year over year, while operating revenues of $455 million fell 3% year over year. The declines reflected lower operating revenues and subcontracted transportation costs passed through to customers, partially offset by higher fuel revenues. Ryder exited the second quarter with cash and cash equivalents of $219 million compared with $198 million at the quarter-end of 2026. R’s total debt (including the current portion) was $7.46 billion at the second-quarter end compared with $7.64 billion at the end of the fourth quarter of 2025. For third-quarter 2026, Ryder expects adjusted EPS in the range of $4.00-$4.20. The mid-point of the guided range ($04.10) is above the Zacks Consensus Estimate of $3.70. For 2026, Ryder now expects adjusted EPS in the range of $14.40-$14.80, higher than the prior guidance of $14.05-$14.80. The mid-point of the guided range ($14.60) is below the Zacks Consensus Estimate of $14.73. Management continues to anticipate total revenues and operating revenues to increase 3% each on a year over year basis. Adjusted ROE (return on equity) is expected to be 18%. Net cash from operating activities is still projected to be $2.7 billion. Adjusted free cash flow expectation remains unchanged at $700-$800 million. Capital expenditure is still estimated to be $2.4 billion. Currently, Ryder carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Westinghouse Air Brake Technologies WAB, operating as Wabtec Corporation, reported encouraging second-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and increased year over year. Quarterly adjusted earnings of $2.76 per share beat the Zacks Consensus Estimate of $2.63 by 4.9% and increased 21.6% year over year, owing to higher sales and operating margin expansion. Revenues climbed 17.5% to $3.18 billion and surpassed the consensus mark of $3.08 billion by 3.2%. United Airlines Holdings, Inc. UAL reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68 billion consensus mark. A 12.1% increase in total revenues per available seat mile or TRASM, and broad-based gains across premium, loyalty and cargo revenues, supported the top line despite sharply higher fuel costs. J.B. Hunt Transport Services, Inc. JBHT reported second-quarter 2026 earnings of $1.91 per share, up 45.8% from $1.31 a year ago. The figure beat the Zacks Consensus Estimate of $1.71 by 11.7%. Operating revenues climbed 19.4% year over year to $3.50 billion and surpassed the consensus mark of $3.19 billion by 9.5%. Higher volumes and pricing across several businesses supported growth, led by a 10% increase in Intermodal loads. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryder System, Inc. (R) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report Wabtec (WAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Operating Revenue: $2.7 billion in Q2, up 3% from prior year. Comparable EPS: $3.73 in Q2, up 12% from prior year. Return on Equity: 17% in Q2, consistent with prior year. Free Cash Flow: Increased to $684 million from $461 million in the prior year. Fleet Management EBT: $150 million, up 20% versus prior year. Rental Utilization: Returned to target levels of 75%. Used Vehicle Sales: Sold 5,100 units in Q2, with pricing improvements for trucks and tractors. Supply Chain Operating Revenue: Increased 7%, driven by new business. Dedicated Operating Revenue: Decreased 3% due to lower fleet count. Lease Capital Spending: $605 million year-to-date, below prior year. Rental Capital Spending: $94 million year-to-date, below prior year. 2026 EPS Forecast: Raised to $14.40-$14.80. 2026 Return on Equity Forecast: Revised to 18%. 2026 Free Cash Flow Forecast: $700 million to $800 million. Warning! GuruFocus has detected 10 Warning Signs with R. Is R fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ryder System Inc (NYSE:R) delivered its seventh consecutive quarter of comparable EPS growth, driven by strategic initiatives and improving market conditions in used vehicle sales. The company's balanced growth strategy has shifted revenue towards less capital-intensive, asset-light businesses, with 60% of 2026 expected revenue from Supply Chain and Dedicated segments. Ryder System Inc (NYSE:R) reported a 12% increase in comparable EPS for the second quarter, reflecting strong contractual portfolio performance and strategic initiatives. The company achieved a return on equity of 17%, consistent with expectations and demonstrating resilience in the current freight cycle. Ryder System Inc (NYSE:R) has a high-quality contractual base, with over 90% of revenue generated by long-term contracts, contributing to business model resilience. Despite improvements, market conditions remain below normalized levels, with geopolitical and macroeconomic factors influencing recovery pace. Supply Chain earnings before taxes decreased by 7% due to lower automotive results and productivity challenges in new business ramp-up. Dedicated segment saw a 3% decrease in operating revenue due to lower fleet count and adverse development of prior year insurance claims. Rental demand remained below prior year levels and historical seasonal trends, despite utilization returning to target levels. Some strategic initiatives expected to launch in 2026 have been delayed to 2027, impacting the company's guidance for the second half of the year. Q: How is Ryder's Supply Chain business performing in light of Amazon's entry into the market? A: John Diez, CEO, stated that Ryder's Supply Chain business continues to perform well with strong sales activity and a robust pipeline. Steve Sensing, President of Global Supply Chain Solutions, added that they have not yet encountered Amazon in competitive bids and emphasized that Ryder's solutions are highly customized, often involving multiple services for a single customer. Q: What trends are you seeing in the Dedicated Transportation Solutions (DTS) segment, particularly regarding contract renewals and new business opportunities? A: John Diez, CEO, noted that the DTS segment is experiencing strong sales activity with record-level pipelines. The market's tighter driver capacity and rising costs are driving more customers to seek dedicated capacity, which benefits Ryder's specialized services. Q: Can you provide insights into the Fleet Management Solutions (FMS) fleet dynamics and the outlook for active units? A: John Diez, CEO, mentioned that sales activity in FMS is strong, with increasing customer confidence and closing rates. Tom Havens, President of Fleet Management Solutions, explained that while there might be a slight reduction in fleet size due to timing, they expect fleet growth by the end of the year and into 2027. Q: How is Ryder managing its capital allocation, particularly regarding growth CapEx and acquisitions? A: Cristina Gallo-Aquino, CFO, stated that Ryder prioritizes profitable growth, with a focus on organic growth in their fleet. They have $4.5 billion available for flexible deployment over three years, with half earmarked for growth and the other half for acquisitions and share repurchases. Q: What is the outlook for used vehicle sales, and how are pricing and volume trends impacting this segment? A: John Diez, CEO, reported positive momentum in used vehicle sales, with sequential improvements in retail pricing. Tom Havens, President of Fleet Management Solutions, added that the benefits are primarily from price increases, and they expect continued improvement in the second half of 2026. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Ryder (R) reported $3.35 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 5%. EPS of $3.73 for the same period compares to $3.32 a year ago. The reported revenue represents a surprise of +1.14% over the Zacks Consensus Estimate of $3.31 billion. With the consensus EPS estimate being $3.70, the EPS surprise was +0.81%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Ryder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average fleet count - ChoiceLease: 141,200 compared to the 140,812 average estimate based on two analysts. Commercial rental - Rental Utilization - Power Units: 75% versus the two-analyst average estimate of 71%. Commercial rental - Average fleet count: 29,200 versus the two-analyst average estimate of 29,912. Operating Revenue- Fleet Management Solutions: $1.3 billion compared to the $1.29 billion average estimate based on two analysts. The reported number represents a change of +1.2% year over year. Operating Revenue- Dedicated Transportation Solutions: $455 million versus $454.99 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.2% change. Operating Revenue- Supply Chain Solutions: $1.1 billion versus $1.08 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change. Revenues- Fleet Management Solutions: $1.56 billion versus the two-analyst average estimate of $1.5 billion. The reported number represents a year-over-year change of +6.3%. Revenues- Supply Chain Solutions: $1.47 billion compared to the $1.47 billion average estimate based on two analysts. The reported number represents a change of +7.8% year over year. Revenues- Fleet Management Solutions- SelectCare and other: $189 million versus the two-analyst average estimate of $182.4 million. The reported number represents a year-over-year change of +6.2%. Revenues- Eliminations: $-285 million versus $-268.11 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14% change. Revenues- Fleet Management Solutions- Commercial rental: $229 million versus $223.42 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change. Revenues- Fleet Management Solutions- ChoiceLease: $885 million versus the two-analyst average estimate of $888.58 million. The reported number represents a year-over-year change of +1.6%. View all Key Company Metrics for Ryder here>>> Shares of Ryder have returned +5.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryder System, Inc. (R) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributes the 12% comparable EPS growth to the consistent execution of a balanced growth strategy designed to derisk the portfolio and shift toward less capital-intensive business models. The business mix has successfully transitioned from being FMS-dominant in 2018 to approximately 60% asset-light revenue from supply chain and dedicated segments in 2026. Operational outperformance relative to prior cycles is driven by a high-quality contractual base, with over 90% of revenue now generated by long-term contracts. Strategic initiatives delivered $70 million in incremental benefits for 2026, focusing on lease pricing, maintenance cost savings, and omnichannel network optimization. Management highlighted the integration of Agentic AI across proprietary platforms like RyderShare and RyderGyde to enhance customer experience and operational effectiveness. The company successfully returned commercial rental utilization to its 75% target through disciplined asset management and a 15% reduction in the average fleet size. The full-year 2026 comparable EPS forecast was raised to a range of $14.40 to $14.80, primarily reflecting an improved outlook for used vehicle sales and reduced downside risk. Management estimates a potential $250 million earnings benefit at the next cycle peak, with the majority expected from the cyclical recovery of rental demand and used vehicle pricing. Capital expenditure for 2026 is forecasted at $2.4 billion, reflecting higher lease replacement activity and a planned 11% reduction in the average rental fleet. The company expects to generate $14.0 billion in total capital capacity over the next three years, with $4.5 billion available for flexible deployment including M&A and share repurchases. Guidance for the second half of 2026 assumes continued momentum in used vehicle sales but accounts for the timing of new business onboarding delays in the supply chain segment. Supply chain earnings were impacted by lost business in the automotive sector and the costs associated with ramping up new business productivity. Dedicated transportation results were pressured by the adverse development of prior-year insurance claims and lower operating revenue from reduced fleet counts. Management noted that while used vehicle pricing improved sequentially, market conditions remain below normalized levels due to geopolitical and macroeconomic factors. The shift toward a 60% truck mix in the rental fleet (versus tractors) was a deliberate move to capitalize on more stable demand and pricing trends in the ecommerce and last-mile sectors. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management stated they have not yet seen Amazon in RFQs or competitive bidding, noting that Ryder's solutions are highly customized and engineered for specific customer needs. The supply chain pipeline remains strong and is trending toward further growth despite new market entrants. Delays in reaching full productivity on new projects were attributed to lower-than-expected volumes and customer-driven timeline shifts into 2027. Automotive headwinds are expected to persist as OEMs continue retooling plants for Electric Vehicle (EV) and Internal Combustion Engine (ICE) production. Management observed that this recovery is capacity-driven rather than demand-driven, with rental demand lagging behind the typical cyclical recovery seen in lease and dedicated segments. The company maintains flexibility to add rental fleet quickly if market conditions accelerate, though current utilization is being managed through a smaller fleet base. Ryder expects significant price increases from OEMs due to EPA regulations, inflation, and tariffs, which should drive higher lease and dedicated activity as customers seek to outsource rising costs. Long-term, these regulatory changes are expected to provide structural support for used vehicle pricing.

Strategic initiatives drive earnings growth;Transformed business model well positioned to benefit from cycle upturn Second Quarter 2026 Highlights GAAP EPS from continuing operations of $3.40, up 8% from prior year Comparable EPS (non-GAAP) from continuing operations of $3.73, up 12% from prior year, reflects share repurchases and higher earnings in Fleet Management Solutions (FMS) Total revenue of $3.3 billion, up 5% from prior year, due to higher revenue in Supply Chain Solutions (SCS) and FMS Operating revenue (non-GAAP) of $2.7 billion, up 3% from prior year, primarily reflecting contractual revenue growth in SCS Full Year 2026 Forecast ROE (non-GAAP) of 18% Comparable EPS (non-GAAP) range raised to $14.40 - $14.80 Operating revenue (non-GAAP) growth remains at 3%, primarily driven by SCS Net cash provided by operating activities from continuing operations remains at $2.7 billion and free cash flow (non-GAAP) unchanged at $700 million - $800 million MIAMI, July 23, 2026--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R) reported results for the three months ended June 30 as follows: Total and operating revenue for the three months ended June 30 were as follows: CEO Comment "Consistent execution on our strategic initiatives as well as improving used vehicle market conditions drove our 7th consecutive quarter of comparable EPS growth," says Ryder Chief Executive Officer John Diez. "Results for the quarter were solid, and we remain on track to achieve $70 million in benefits from strategic initiatives during 2026. "Year-over-year earnings growth in FMS was driven by strong performance in our contractual businesses as well as better used vehicle sales results. SCS and DTS delivered solid pre-tax earnings in their high-single-digit target ranges. "During the quarter, we continued to see improving freight market trends. Contractual sales activity remained strong across all three business segments reflecting customer confidence. In used vehicle sales, results outperformed our expectations as market conditions continued to strengthen. Rental utilization returned to normalized levels driven by our planned asset management actions. "Our transformed business model has demonstrated its strength and resiliency over the current cycle and provides us with a solid foundation to meaningfully benefit from the cycle upturn." Second Quarter 2026 Segment Review Fleet Management Solutions: Earnings Growth Driven by Contractual Business Performance and Used Vehicle Sales FMS total revenue and operating revenue increased 6% and 1%, respectively FMS EBT of $150 million Supply Chain Solutions: Earnings Reflect Lower Automotive Results Partially Offset by Benefits from Strategic Initiatives SCS total revenue increased 8% and operating revenue increased 7% SCS EBT of $92 million Dedicated Transportation Solutions: Earnings Reflect Lower Fleet Count Partially Offset by Execution on Strategic Initiatives DTS total revenue and operating revenue decreased 1% and 3%, respectively DTS EBT of $36 million Corporate Financial Information Central Support Services and Other During the second quarter ended June 30, 2026, we recorded a $10 million non-cash impairment charge of a finite-lived intangible asset due to the reduction in projected cash flows from an acquired customer relationship. Capital Expenditures, Cash Flow, and Leverage Capital expenditures decreased to $832 million in 2026 compared to $1.2 billion in 2025, primarily reflecting the timing of ChoiceLease fleet replacement and reduced investments in the rental fleet. Net cash provided by operating activities from continuing operations was $1.3 billion, compared to $1.4 billion in 2025, primarily reflecting higher working capital needs from revenue growth and the timing of vendor payments. Free cash flow (non-GAAP) of $684 million, compared to $461 million in 2025, primarily reflecting reduced cash capital expenditures. Debt-to-equity as of June 30, 2026 was 259%, up from 250% as of December 31, 2025, and is in the company's long-term target of 250% to 300%. Outlook "Execution on our strategic initiatives remains the key driver of expected earnings growth in 2026," says Ryder Chief Financial Officer Cristina Gallo-Aquino. "Our high-quality contractual portfolio continues to generate strong returns and higher operating cash flow, enabling us to support profitable growth while also returning capital to shareholders. Since 2021, we have repurchased 26% of shares outstanding and increased our quarterly dividend by 74%. The recent increase in our quarterly dividend marked the fourth consecutive year with a double-digit raise, reflecting our commitment to shareholders as well as our confidence in Ryder’s long-term outlook." Supplemental Company Information Business Description Ryder System, Inc. is a leading supply chain, dedicated transportation, and fleet management solutions company. Ryder's stock (NYSE: R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400® index. The company's financial performance is reported in the following three, inter-related business segments: Supply Chain Solutions – Ryder's SCS business segment optimizes logistics networks to make them more responsive and able to be leveraged as a competitive advantage. Globally-recognized brands in the automotive, consumer goods, food and beverage, healthcare, industrial, oil and gas, technology, and retail industries rely on Ryder's leading-edge technologies and world-class logistics engineers to help them deliver the goods that consumers use every day. Dedicated Transportation Solutions – Ryder's DTS business segment combines the best of Ryder's leasing and maintenance capabilities with the safest and most professional drivers in the industry. With a dedicated transportation solution, Ryder helps customers increase their competitive position, reduce risk, and integrate their transportation needs with their overall supply chain. Fleet Management Solutions – Ryder's FMS business segment provides a broad range of services to help businesses of all sizes, across virtually every industry, deliver for their customers. From leasing, maintenance, and fueling, to rental and used vehicle sales, customers rely on Ryder's expertise to help them lower their costs, redirect capital to other parts of their business, and focus on what they do best – so they can grow. For more information on Ryder System, Inc., visit investors.ryder.com and ryder.com. Note: Regarding Forward-Looking Statements Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding: our forecasts, guidance and outlook; market conditions, including macroeconomic uncertainty and geopolitical events; rental demand, utilization and pricing; used vehicle sales volumes, pricing and inventory levels; the freight cycle, including cycle timing and the pace and strength of any recovery; expected financial performance, including total revenue, operating revenue, EPS, comparable EPS, adjusted ROE, earnings before income tax, net cash provided by operating activities from continuing operations, free cash flow, capital expenditures and debt-to-equity; expectations regarding execution of our business model, including our ability to achieve long-term targets and outperform prior cycles; expected benefits of our strategic initiatives; omnichannel network optimization; customer demand, contractual sales activity, customer retention and new business opportunities; performance of our contractual businesses and contractual portfolio; fleet size and asset utilization; used vehicle inventory levels; capital deployment capacity and capital allocation priorities; the valuation and expected performance of acquired intangible assets; long-term growth opportunities and secular growth trends; our ability to increase returns and create long-term value; and our ability to return capital to shareholders, including through share repurchases and dividends. Our forward-looking statements also include estimates regarding the impact of residual value assumptions on earnings and depreciation expense. These estimates are based, in part, on our current assessment of the residual values and useful lives of revenue-earning equipment informed by multi-year trends and our outlook for near- and long-term used vehicle market conditions. A variety of factors, many of which are outside of our control, could cause residual value estimates to differ from actual used vehicle sales pricing, such as changes in supply and demand of used vehicles; volatility in market conditions; changes in vehicle technology; competitor pricing; regulatory requirements, including changes to taxes or tariffs; driver shortages; customer requirements and preferences; and changes in underlying assumption factors. All of our forward-looking statements should be evaluated by considering the many risks and uncertainties inherent in our business that could cause actual results and events to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause such differences include: changes in and uncertainty regarding financial, economic and market conditions; geopolitical events; supply chain disruptions, labor challenges and vehicle production constraints; our ability to adapt to changing market conditions, including lower than expected contractual sales activity, customer retention, new business conversion, rental demand, utilization or pricing, demand for used vehicles, or our anticipated mix of retail versus wholesale used vehicle sales; failure to realize anticipated benefits of our strategic initiatives, pricing actions, sales and marketing efforts, new product offerings or acquisitions; our ability to retain profitable customer accounts and attract new business; higher than expected maintenance costs; impact of changing laws and regulations, such as taxes, tariffs, trade restrictions or trade agreements; difficulty in obtaining adequate profit margins for our services; inability to maintain current pricing levels due to, for example, economic conditions, business interruptions, expenditures, labor disputes and extreme weather or other natural occurrences; competition from other service providers; changes in technology and new entrants; workforce availability and labor costs; higher than expected bad debt reserves or write-offs; decrease in credit ratings; increased debt costs; the adequacy of, and impact of changes in, accounting estimates, residual value estimates, assumptions and policies, including our depreciation policy; higher than expected reserves and accruals particularly with respect to pension, taxes, insurance and revenue; adverse insurance claim developments; changes in fuel and alternative energy prices, currency exchange rates, inflation or interest rates; our ability to manage our cost structure; the inability of our information technology systems to provide timely and accurate access to data or of our information security program to safeguard our or our stakeholders' data; and the risks described in our filings with the Securities and Exchange Commission (SEC). The risks included here are not exhaustive. New risks emerge from time to time, and it is not possible for management to predict all such risk factors or to assess their impact on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Note: Regarding Non-GAAP Financial Measures This news release includes certain non-GAAP financial measures as defined under SEC rules. Refer to Appendix - Non-GAAP Financial Measure Reconciliations at the end of the tables following this press release for reconciliations to the most comparable GAAP measure. Additional information regarding non-GAAP financial measures as required by Regulation G and Item 10(e) of Regulation S-K can be found in our most recent Form 10-K, Form 10-Q and Form 8-K filed with the SEC as of the date of this release, which are available at investors.ryder.com. CONFERENCE CALL AND WEBCAST INFORMATION Ryder’s earnings conference call and webcast is scheduled for July 23, 2026 at 11:00 a.m. ET. To join, click here. LIVE AUDIO VIA PHONE WEBCAST REPLAY An audio replay including the slide presentation will be available within four hours following the call. Click here, then select Financials/Quarterly Results and the date. ryder-financial View source version on businesswire.com: https://www.businesswire.com/news/home/20260723913478/en/ Contacts Media: Amy [email protected] Investor Relations: Calene [email protected]

Ryder (R) came out with quarterly earnings of $3.73 per share, beating the Zacks Consensus Estimate of $3.7 per share. This compares to earnings of $3.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +0.81%. A quarter ago, it was expected that this truck leasing company would post earnings of $2.29 per share when it actually produced earnings of $2.54, delivering a surprise of +10.92%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Ryder, which belongs to the Zacks Transportation - Equipment and Leasing industry, posted revenues of $3.35 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $3.19 billion. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ryder shares have added about 44.4% since the beginning of the year versus the S&P 500's gain of 9.6%. While Ryder has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ryder was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.23 on $3.36 billion in revenues for the coming quarter and $14.73 on $13.22 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Equipment and Leasing is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Freightcar America (RAIL), has yet to report results for the quarter ended June 2026. This rail car maker is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -90.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Freightcar America's revenues are expected to be $109.92 million, down 7.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryder System, Inc. (R) : Free Stock Analysis Report Freightcar America, Inc. (RAIL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research