Sep 13, 2023 / 04:55PM GMT
Ravi Shanker - Morgan Stanley, Research Division - Executive Director
Great. Next up, we have Ryder Systems and CEO, Robert Sanchez. Sir, welcome back to Laguna.
Robert E. Sanchez - Ryder System, Inc. - Chairman & CEO
Great. Thank you, Ravi.
Questions and Answers:
Ravi Shanker - Morgan Stanley, Research Division - Executive DirectorI've been looking forward to this one because I think with your breadth of business, I think you probably have a better view of macro in the cycle compared to anybody else. So would just love to get your sense of where you see supply chains right now, where you see demand levels overall in both the industrial and in retail economy?
Robert E. Sanchez - Ryder System, Inc. - Chairman & CEO
Yes. So -- for those of who aren't familiar, a lot of Ryder's business like 85% of our revenues are contractual multiyear outsourcing agreements, right? So outsource the lease truck from us for 6 years, and that's set agreement. You got outsourcing
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