Ryder System Reports 8% Revenue Growth to $3.433 Billion in Q3 2026

Ryder System, Inc. reported a strong financial performance for the third quarter of 2026, with total revenue reaching $3.433 billion, an increase of 8% compared to $3.171 billion in the same period last year. The company's earnings from continuing operations were $162 million, or $4.16 per diluted share, reflecting a 25% increase in earnings per share from $3.33 in the prior year. For the nine months ended September 30, 2026, total revenue was $9.906 billion, up from $9.490 billion in 2025, while earnings from continuing operations totaled $389 million, compared to $368 million in the previous year.

The growth in revenue was driven by higher service revenue across all business segments, particularly in Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). FMS revenue increased by 10% to $1.616 billion, while SCS revenue rose by 9% to $1.504 billion. The Dedicated Transportation Solutions (DTS) segment also saw a 6% increase in revenue, totaling $606 million. The overall increase in revenue was attributed to new business contracts, higher volumes, and improved pricing strategies, despite some challenges in the automotive sector.

Operationally, Ryder experienced a notable improvement in used vehicle sales, with net losses from used vehicle sales decreasing significantly to $17 million from $3 million in the prior year. The average proceeds per unit for used vehicles increased by 19% for tractors and 5% for trucks, indicating a favorable market for used vehicles. The company also reported a reduction in its employee headcount, with 38,219 shares outstanding as of September 30, 2026, down from 40,377 shares a year earlier, reflecting ongoing share repurchase programs aimed at enhancing shareholder value.

Looking ahead, Ryder remains optimistic about its growth trajectory, bolstered by favorable long-term trends in logistics and transportation. The company anticipates continued earnings benefits from strategic initiatives, projecting over $70 million in expected earnings improvements for the year. However, management acknowledged potential risks, including inflationary pressures, regulatory changes, and geopolitical events that could impact demand and financial performance. Ryder's ability to navigate these challenges while capitalizing on growth opportunities will be critical as it moves forward into the next fiscal year.