Ryder's Growth from Cardinal Acquisition
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stronger freight marketFreightWaves
•Business
Business & Economics
Ryder not counting on stronger freight market in ’25, so it touts broader trends
85% Informative
Ryder System's fourth-quarter performance at Ryder System was not particularly bad.
Most of its revenue growth came from the acquisition of Cardinal Logistics , which slotted into the Dedicated Transport Services division of Ryder .
CEO Robert Sanchez has spoken on other earnings calls about changes aimed at making the company less reliant on FMS .
Ryder not counting on stronger freight market in '25 , so it touts broader trends.
Rental patterns will be seasonal for most of 2025 , with “slightly better than seasonal trends” later in the year.
Used vehicle sales down sharply between the fourth quarter of 2023 and 2024 , and prices falling too.
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