Ryder System, Inc.
) has entered into an agreement with Service Relationship
Management (SRM) solutions provider, Decisiv, Inc to offer
maintenance service solutions to large and for-hire trucks fleet.
We believe the new partnership will allow the company to expand
its Managed Maintenance solution further and offer significant
The partnership will incorporate Ryder's fleet maintenance
infrastructure and Decisiv's technology support that will provide
a comprehensive fleet maintenance together with more clarity into
cost assessment for the large national fleet.
Apart from Maintenance solutions, Ryder is focusing on growth
in commercial rental and leased vehicles and information
technology initiatives. The company expects demand in Full
Service Lease, solid performance in Commercial rentals along with
various maintenance initiatives to improve 2014 earnings.
Further, the Supply Chain business is expected to grow on
improved retention, strong new sales and modest rise in customer
volumes. Given these tailwinds, Ryder expects earnings in the
first quarter to range from 83-88 cents per share, representing
2-9% growth year over year. For 2014, the company expects
earnings per share of $5.30 to $5.45, up 9% to 12% year over
Additionally, Ryder is targeting emerging markets for
fuel-efficient vehicles under projects like SANBAG (San
Bernardino Associated Governments). In the near term, we expect
the demand for such vehicles to rise offering market
Further, to support its fuel-efficient vehicle business, the
company has also opened its first gas fuelling station in North
America that cater to its lease and rental customers as well as
general public. Although small, the company expects demand for
its natural gas vehicle business to remain strong going
Ryder currently has a Zacks Rank #2 (Buy).
Other stocks with Zacks Rank #2 (Buy) include
Trinity Industries Inc.
Westinghouse Air Brake Technologies Corp.
GATX CORP (GMT): Free Stock Analysis Report
RYDER SYS (R): Free Stock Analysis Report
TRINITY INDS IN (TRN): Free Stock Analysis
WABTECH (WAB): Free Stock Analysis Report
To read this article on Zacks.com click here.