Ryder's Earnings: Beating Estimates, Stock Still Drops

Ryder System's latest earnings are in: slightly higher profits on flat revenue, but investors aren't thrilled. A dedicated transportation slowdown offsets gains in fleet management and supply chain solutions, while used vehicle sales face pricing pressures. Despite beating expectations, Ryder's stock dipped, reflecting concerns about the trucking market's impact. Find out why Ryder's growth engine is sputtering and what it means for the future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.