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Ryder Announces $300 Million Accelerated Share Repurchase Program
Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces it has entered into an accelerated share repurchase agreement (ASR) with Morgan Stanley & Co. LLC to repurchase $300 million of the company’s common stock. Ryder is a leader in supply chain, dedicated transportation, and fleet management solutions. (Photo: Business Wire) “We achieved exceptional financial results in 2021 with customers relying on Ryder to deliver critical supply chain and transportation services. As the ongoing supply chain and labor challenges fuel demand for Ryder’s services, we are confident in our strategy to deliver increased returns in 2022,” says Robert Sanchez, chairman and chief executive officer for Ryder. “Strong operating results in...