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Ryder (R) Announces Reconstruction of Facility in Schertz

Ryder System, Inc. R recently announced the redevelopment of its Schertz, TX location to enhance service in the San Antonio market.

Supporting a number of truck leasing, maintenance and rental needs, this facility is the most advanced in the company’s South Texas market.

While the maintenance site was built to increase operational efficiency and productivity, its redevelopment enables Ryder to better serve the expanding Schertz market, simultaneously creating jobs for the community.

Per John Diez, the company’s president of Fleet Management Solutions, “This redeveloped Ryder facility and its expanded capabilities will help us better serve customers through enhanced fleet management services.”

In this regard, the impressive performance of the Fleet Management Solutions division is noteworthy. The segment, generating the bulk of revenues, registered an 8% year over year rise in revenues during the first half of 2019. Segmental results were driven by larger average fleet size and favorable pricing of new vehicles. The reconstruction of the facility should further boost the performance of this segment.

Zacks Rank & Key Picks

Ryder carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Transportation sector are Fly Leasing Limited FLY, GATX Corporation GATX and Radiant Logistics RLGT, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Fly Leasing, GATX and Radiant Logistics have gained more than 96%, 9% and 22%, respectively, so far this year.

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