Ryder System Inc. Reports Operating Results (10-K)

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Feb 12, 2010
Ryder System Inc. (R, Financial) filed Annual Report for the period ended 2009-12-31.

Ryder System Inc. has a market cap of $1.91 billion; its shares were traded at around $34.04 with a P/E ratio of 21.4 and P/S ratio of 0.4. The dividend yield of Ryder System Inc. stocks is 2.9%. Ryder System Inc. had an annual average earning growth of 4.5% over the past 10 years.R is in the portfolios of David Williams of Columbia Value and Restructuring Fund, David Dreman of Dreman Value Management, David Dreman of Dreman Value Management, Richard Aster Jr of Meridian Fund, Richard Aster Jr of Meridian Fund, Jeremy Grantham of GMO LLC.

Highlight of Business Operations:

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant computed by reference to the price at which the common equity was sold at June 30, 2009 was $1,571,964,331. The number of shares of Ryder System, Inc. Common Stock ($0.50 par value per share) outstanding at January 31, 2010 was 53,414,572.

Over the last several years, many key trends have been reshaping the transportation industry, particularly the $61 billion U.S. private commercial fleet market and the $23 billion U.S. commercial fleet lease and rental market. The maintenance and operation of commercial vehicles has become more complicated requiring companies to spend a significant amount of time and money to keep up with new technology, diagnostics, retooling and training. Because of increased demand for efficiency and reliability, companies that own and manage their own fleet of vehicles have put greater emphasis on the quality of their preventive maintenance and safety programs. More recently, fluctuating energy prices have made it difficult for businesses to predict and manage fleet costs and the tightened credit market has limited businesses access to capital.

Canada. We have been operating in Canada for over 50 years. The Canadian private commercial fleet market is estimated to be $8 billion and the Canadian commercial fleet lease and rental market is estimated to be $2 billion. At December 31, 2009, we had 38 operating locations throughout 9 Canadian provinces. We also have 6 on-site maintenance facilities in Canada.

The global supply chain logistics market is $498 billion, of which the North America and Asia supply chain logistics markets are $263 billion. Over the past few years, we have seen significant fluctuations in the variables that impact supply chains. We have seen the price of fuel rise and fall, the cost of Asian labor increase faster than anticipated, and capital become much harder to obtain. In addition, neither the U.S. trucking market nor U.S. ports are facing the capacity constraints they were a few years ago.

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