Tranche Update on Ryder System, Inc. (NYSE:R)'s Equity Buyback Plan announced on October 25, 2023.
April 23, 2024 at 03:22 pm EDT
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From January 1, 2024 to March 31, 2024, the company has repurchased 322,918 shares, representing 0.74% for $37 million. With this, the company has completed the repurchase of 431,757 shares, representing 0.98% for $48 million under the buyback announced on October 25, 2023.
Ryder System, Inc. is a provider of outsourced logistics and transportation services. The Company provides supply chain, dedicated transportation, and commercial fleet management solutions. It operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing that includes its contractual maintenance offering, commercial rental and maintenance services of trucks, tractors and trailers to customers principally in the United States (U.S.) and Canada; Supply Chain Solutions (SCS), which provides fully integrated port-to-door logistics solutions, including distribution management, dedicated transportation, transportation management, freight brokerage, e-commerce fulfillment, last-mile delivery, contract packaging, and contract manufacturing in North America, and Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.
RYDER SYSTEM, INC. 
