News / Fleet management drives Ryder on despite supply chain contract losses

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US forwarder and truck lessor Ryder saw its first-half revenues grow year-on-year by 4% to reach $3.29bn. Profits for the first six months grew a significant 22% to reach $124.8m, against the $103.4m achieved in the same period last year.

The company is a strange hybrid – a freight forwarder that also has a large asset base from which it derives significant leasing revenues ? which earned it $2.32bn in the first six months of the year, compared to the $1.22bn ...