Ryder System Inc (NYSE:R)
$ 126.64 -0.76 (-0.6%) Market Cap: 5.55 Bil Enterprise Value: 14.09 Bil PE Ratio: 16.49 PB Ratio: 1.81 GF Score: 87/100

Ryder System Inc at Wolfe Research Global Transportation Conference Transcript

May 22, 2019 / 03:00PM GMT
Release Date Price: $56.68 (-2.41%)
Scott H. Group
Wolfe Research, LLC - MD & Senior Transportation Analyst

We typically put Robert on a panel with trucking carriers and we haven't really been able to dive deep in. Someone referred to it as a fireside chat, we can do more of a deeper dive here.

Questions & Answers

Scott H. Group
Wolfe Research, LLC - MD & Senior Transportation Analyst

Robert, just frame the environment that you see right now. The trucking market certainly feels -- is looser. Spot rates are weak. How does this impact sort of Ryder and your businesses as you see things?

Robert E. Sanchez
Ryder System, Inc. - Chairman, CEO & President

Well, I guess, for those of you who are not as familiar with Ryder, we're a transportation logistics outsourcing business. 60% of the business is a truck leasing and rental business, 15% of it is a Dedicated Transportation business and 25% of it is a 3PL supply chain logistics outsourcing business. So we don't -- we're not a truckload carrier, so we don't actually have that -- we

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