Ryder System is my preferred investment opportunity in autonomous trucks
With a P/E ratio of under 13, the valuation is attractive
The market for autonomous trucks is projected to grow from USD 42.6 billion to USD 74.2 billion by 2031
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I now consider Ryder System (R) to be a promising long-term investment candidate. The former pure truck rental company (Fleet Management Solutions) is increasingly transforming into a comprehensive logistics player through its Supply Chain Solutions (SCS) and Dedicated Transportation Solutions (DTS) segments. Customers can outsource their e-commerce order fulfillment or the sourcing of drivers and transports. Trucks are responsible for over 70% of domestic freight transportation when measured by weight. Moreover, by 2030, approximately 160,000 truck...
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