Ryder System: Freight turnaround and profit increase drive the stock to record highs!
Reading Time: 2 minutes
Trigger: A quarterly profit exceeding expectations and an upgraded annual forecast led to a jump in the stock price on earnings day – it is now trading at record levels. Freight turnaround: Rising prices for used trucks and a rental utilization rate at its highest since 2022 indicate that the recovery in the US freight market is being reflected in the books. Perspective: The transformation into a capital-light logistics provider, strong stock buybacks, and a series of higher price targets suggest that the upward trend still has room to...
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