The dedicated and supply chain solutions at Ryder System were on the positive in terms of the
amount of profit accrued over the first quarter of the year 2019. Ryder System, a truck leasing
and rental firm based in Miami, is also hopeful, based on the forecast generated, that they will
have a higher year’s profit considering the speculation that their business will continue growing
as a result of the economic conditions favoring them. The shippers are also expected to continue
getting external transportation and logistics services.

Ryder accrued a net income of $45.3 million at the period ended 31 st of March in comparison to
the $36.9 million garnered the previous year during the same period, an increment of 15%. The
CEO, Robert Sanchez attributed the growth to outsourcing tendency and the effect of their
moves in terms of their sales and marketing. He added that the same, helped them exceed their
expectations as forecasted.

Ryder issued a statement concerning the new industrywide leas standards, claiming that they are
now expected to control their activities better to act in compliance with the expected
maintenance costs. The changes saw to it that the income received increased in both of the first
quarter in 2018 and 2019. On the negative side, the new standards are deemed to reduce revenue
by 15 cents a share as the company moves to reduce the age limit of the vehicles in their fleet.

The operating profit received by Ryder amounted to $60.9 million during the first quarter of
2019 in comparison to the $54.3 million accrued the previous year in the same period with
revenue growth of 9% in the Fleet Management Solutions. On the other hand, the Dedicated
Transportation solutions made an operating profit of $17.4 million during the first quarter compared with $13.1 million earned in the corresponding period the previous year, experiencing a 17% revenue increment.

The Supply Chain Solutions posted an operating profit of $32.3 million compared to $25.5
million posted the previous year in the same quarter. Both gross and net revenue increased by
28% and 25% respectively. The revenue growth is all thanks to the acquisition of the delivery
specialist MXD Group that changed the name Ryder Last Mile. The income for the entire year is
expected to be at $5.28 to $5.58 a share as forecasted. Sanchez said that the demands have
increased in addition to favorable conditions as customers remain committed and loyal to them.
The quarter ended with an increase in the number of vehicles leased at a gain of 9% as well as an
increase in the number of trucks rented at a profit of 11%. The vehicles under maintenance
contract increased by 3%. Both the fleet and Supply Chain Solutions vehicles also increased by
11% and 17% respectively.

On the Transport Topics top 50 list, Ryder Chain solutions is ranked at position six amongst the
largest logistics companies in North America.