Ryder’s Third-Quarter Income Improves

Ryder System’s third-quarter profit rose to $75.1 million, or $1.47 per share, from $56.5 million or $1.10 per share, a year ago.

Revenue was flat at $1.57 billion, the Miami-based trucking and logistics company said Tuesday.

Ryder earned $64.3 million from continuing operations, up 13% from $56.9 million in the year-ago period, and $1.26 per share, up from $1.10.

Ryder’s fleet management services unit’s pre-tax earnings rose 21% to $94.3 million, while revenue rose 1% to $1.2 billion.

Its supply chain solutions unit’s pre-tax earnings rose 2% to $31.9 million, with revenue flat at $563.2 million.

Ryder Supply Chain Solutions is ranked No. 10 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.