Ryder on the run
For Ryder, which has been listed on the NYSE since 1960 and specialises in the vehicle sales, commercial rental and automotive supply chain business, the year 2020 was no success. Revenues shrank by 5.7% to USD 8.4 billion, falling over all four quarters. Nevertheless, operating revenue decreased less by 2.3% to USD 7 billion.
Although the company showed resilience in supply chain solutions (SCS), this was largely offset by lower revenues in fleet management (FMS) and dedicated transport solutions (DTS).
While the SCS business segment moved sidewards with 0.3% less revenues (USD 2.5 billion) and 0.5% less operating revenue (USD 1.9 billion) compared to 2019, FMS lost 7.2% in total revenues (USD 5.2 billion) and 3% in operating revenues (USD 4.6 billion). DTS was down 13.3% in total revenues (USD 1.2 billion), but operating revenue picked up slightly (USD 929 million). (sh)