Ryder's Earnings Boosted by Used Vehicle Sales Despite Slower Growth in Core Segments
Ryder System's Q1 2026 earnings were supported by strong used vehicle sales, despite modest growth in its core business segments. The company's stock has risen significantly over the past year, but its Fleet Management Solutions unit saw only a 1% revenue increase, while Dedicated Transportation Solutions reported an 8% revenue decline. Used vehicle sales helped offset these challenges and contributed to a 6% increase in earnings before taxes.
Tickers: $R
Topics: CEO transition earnings performance fleet management revenue growth Ryder System used vehicle sales