"As market awareness of the importance of supply chain reliability continues to increase,
we are making sure Ryder is at the forefront of businesses’ minds as they shore up their supply chains."
ROBERT SANCHEZ
Chairman & CEO
COMPONENT OF
Dow Jones Transportation Average and the S&P MidCap 400® index
COMPONENT OF
Dow Jones Transportation Average and the S&P MidCap 400® index
DIVERSIFIED
Customer base of nearly 50k
We are enthusiastic about the growth prospects for logistics and transportation outsourcing. Accelerating trends in e-commerce fulfillment, last mile delivery, and onshoring and near-shoring of manufacturing operations have enhanced the potential opportunities we see, particularly for SCS and DTS. Increasing cost and complexity associated with vehicle technology and dynamic supply chains, coupled with labor shortages and regulatory issues, continue to present significant challenges for companies that perform logistics and transportation services on their own.
We are excited about the strategic investments we’re making to develop innovative customer solutions, increase efficiencies, and create long-term sources of revenue and earnings growth. Highlights include:
Ryder is proud to have been recognized by some of the most respected organizations in business with awards for our initiatives supporting the environment, diversity, military, and corporate governance. We are continuously striving for new ways to support our customers, employees, and the communities where we work and live. A few honors in 2020 include:
In closing, I want to thank you for your continued confidence and investment in Ryder. We remain committed to furthering Ryder’s success as an investment, a solutions provider, and a corporate citizen. On behalf of Ryder’s leadership team and our nearly 40,000 employees, we appreciate your support and interest in Ryder.
Sincerely,
Robert Sanchez
Chairman and CEO
March 2021
DOWNLOAD LETTER VIEW CORPORATE RESPONSIBILITY REPORT
This letter includes the following non-GAAP financial metrics: Operating revenue, total cash generated and free cash flow. For a reconciliation of these non-GAAP financial measures, see pages 55 – 62 of the accompanying Annual Report on Form 10-K.