Ryder System News Updates

Ryder has yet to see meaningful near-term change in U.S. freight market conditions, incoming CEO John Diez said Feb. 11, prolonging the longest rate recession in industry memory.

Ryder System acquired Georgia mobile truck and trailer maintenance specialist Truck Service Depot on Jan. 6 for an undisclosed sum, the company said.

“I’ve had the privilege of working alongside the most talented and dedicated professionals in our industry to deliver for our employees, customers and shareholders,” CEO Robert Sanchez said.

Executives told analysts the most recent quarter’s performance boded well for the coming quarters in spite of continued economic uncertainty. Overall, revenue was little changed.

Paccar expects to seize a bigger U.S. heavy-duty truck market share once the Section 232 import tariffs on medium- and heavy-duty trucks and parts go live Nov. 1.

Ryder System profit and revenue rose year over year in Q2 of 2025, benefiting from supply chain services wins and prices, plus a more stable truck sales, leasing and rental market.

Ryder System Inc. will begin using real-time commercial fleet roadside assistance technology across Florida as Coral Springs, Fla., software company Tow4Tech’s first major customer.

Profit at Ryder System rose in the first quarter of 2025 as higher contract revenue outweighed ongoing weakness in the rental and used vehicle sales businesses.

With delivery expectations climbing and freight fraud concerns lingering, shippers and logistics providers have had to step up efforts to vet and verify carriers.

Ryder System promoted Chief Financial Officer John Diez to president and chief operating officer effective Jan. 1, the Miami-based company said.