Ryder System’s fourth-quarter profit rose to $53.8 million, or $1.05 per share, from $48.1 million, or 93 cents, a year ago.
Revenue rose 3% to $1.58 billion, the company said Thursday.
Earnings included an after-tax charge of $5.1 million, or 10 cents per share, for vehicle-related losses from Superstorm Sandy, for which insurance recoveries remain uncertain, Ryder said.
Its supply chain solutions segment’s earnings from continuing operations rose 22% to $31 million, with revenue up 2% to $575.3 million.
Its fleet management solutions unit’s earnings from continuing operations rose 17% to $86 million, while revenue rose 4% to $1.12 billion.
Ryder’s full-year income rose to $210 million, or $4.09 per share, from $169.8 million, or $3.28, a year ago. Revenue rose 3% to $6.3 billion.
Ryder last month named Robert Sanchez its new CEO, effective Jan. 1, succeeding Gregory Swienton.