Continued growth in our contractual lease, dedicated and supply chain product offerings helped mitigate challenging markets conditions in used vehicle sales and commercial rental.
Comparable EPS 1
Ryder’s 2016 playbook focused on:
- Growing profitable contractual business
- Rightsizing the rental fleet in line with market conditions
- Maximizing used vehicle sales proceeds and managing inventory levels
- Controlling costs
Secular trends that make it difficult for companies to perform transportation and logistics services on their own continue to drive demand for Ryder's outsourced solutions.
1 Non-GAAP financial measure. For a reconciliation of these non-GAAP financial measures, click here to access our "Non-GAAP Reconciliation" presentation.