Ryder System Inc. Files 2024 10-K
Ticker: R · Form: 10-K · Filed: Feb 12, 2025 · CIK: 85961
Sentiment: neutral
Topics: 10-K, annual-report, auto-rental, leasing
TL;DR
Ryder System Inc. filed its 2024 10-K, showing full-year financials for its auto rental and leasing business.
AI Summary
Ryder System Inc. filed its 2024 10-K report on February 12, 2025, detailing its fiscal year ending December 31, 2024. The company operates in the auto rental and leasing services sector, with its principal executive offices located in Miami, Florida. The filing covers its financial performance and business operations for the fiscal year 2024.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Ryder System Inc.'s financial health and operational performance for the fiscal year 2024, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.
Key Numbers
- 2024 — Fiscal Year (The primary year for financial reporting in this 10-K.)
- 1231 — Fiscal Year End (Indicates the end date of the reporting period.)
- 001-04364 — SEC File Number (Unique identifier for Ryder System Inc.'s SEC filings.)
Key Players & Entities
- RYDER SYSTEM INC (company) — Filer
- 0000085961 (company) — Central Index Key
- 20241231 (date) — Fiscal Year End
- 20250212 (date) — Filing Date
- MIAMI (location) — Business Address City
- FL (location) — Business Address State
FAQ
What is Ryder System Inc.'s primary business as described in the 10-K?
Ryder System Inc. is primarily engaged in Services - Auto Rental & Leasing (No Drivers) with SIC code 7510.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted on February 12, 2025.
What is the fiscal year end for Ryder System Inc.?
The fiscal year end for Ryder System Inc. is December 31.
Where are Ryder System Inc.'s principal executive offices located?
Ryder System Inc.'s principal executive offices are located in Miami, Florida.
What is the SEC file number for Ryder System Inc.?
The SEC file number for Ryder System Inc. is 001-04364.
Filing Stats: 4,277 words · 17 min read · ~14 pages · Grade level 14.9 · Accepted 2025-02-12 15:55:15
Key Financial Figures
- $0.50 — tered Ryder System, Inc. Common Stock ($0.50 par value) R New York Stock Exchange
- $2.9 — s in which we operate was approximately $2.9 trillion, of which $369 billion was out
- $369 billion — s approximately $2.9 trillion, of which $369 billion was outsourced. 2 As supply chains cont
- $10.4 billion — . During 2024, we purchased or executed $10.4 billion in freight moves on our customers' beha
- $328 million — ves on our customers' behalf, including $328 million in brokerage services. The brokerage an
- $30 billion — S. dedicated market was estimated to be $30 billion 3 from an addressable market of approxi
- $660 billion — an addressable market of approximately $660 billion. 4 Many of the same trends that impact
Filing Documents
- r-20241231.htm (10-K) — 3618KB
- ex191insidertradingpolicy.htm (EX-19.1) — 52KB
- ryderex2114q2024.htm (EX-21.1) — 117KB
- ryderex2314q2024.htm (EX-23.1) — 3KB
- ryderex244q2024.htm (EX-24) — 14KB
- ryderex3114q2024.htm (EX-31.1) — 9KB
- ryderex3124q2024.htm (EX-31.2) — 9KB
- ryderex324q2024.htm (EX-32) — 5KB
- r-20241231_g1.jpg (GRAPHIC) — 238KB
- r-20241231_g2.jpg (GRAPHIC) — 14KB
- r-20241231_g3.jpg (GRAPHIC) — 15KB
- r-20241231_g4.jpg (GRAPHIC) — 75KB
- r-20241231_g5.jpg (GRAPHIC) — 74KB
- 0000085961-25-000032.txt ( ) — 19601KB
- r-20241231.xsd (EX-101.SCH) — 111KB
- r-20241231_cal.xml (EX-101.CAL) — 211KB
- r-20241231_def.xml (EX-101.DEF) — 464KB
- r-20241231_lab.xml (EX-101.LAB) — 1206KB
- r-20241231_pre.xml (EX-101.PRE) — 875KB
- r-20241231_htm.xml (XML) — 3875KB
Business
Business 1 ITEM 1A
Risk Factors
Risk Factors 11 ITEM 1B Unresolved Staff Comments 21 ITEM 1C Cybersecurity 21 ITEM 2
Properties
Properties 21 ITEM 3
Legal Proceedings
Legal Proceedings 22 ITEM 4 Mine Safety Disclosures 22 PART II ITEM 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22 ITEM 6
Selected Financial Data
Selected Financial Data 23 ITEM 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 23 ITEM 7A
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 51 ITEM 8
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 53 ITEM 9 Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 98 ITEM 9A
Controls and Procedures
Controls and Procedures 98 ITEM 9B Other Information 98 ITEM 9C Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 98 PART III ITEM 10 Directors, Executive Officers and Corporate Governance 98 ITEM 11
Executive Compensation
Executive Compensation 99 ITEM 12
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 99 ITEM 13 Certain Relationships and Related Transactions, and Director Independence 100 ITEM 14 Principal Accountant Fees and Services 100 PART IV ITEM 15 Exhibits and Financial Statement Schedules 100 ITEM 16 Form 10-K Summary 100 Exhibit Index 101
SIGNATURES
SIGNATURES 105 i PART I
BUSINESS
ITEM 1. BUSINESS OVERVIEW Ryder System, Inc. (Ryder) is a leading provider of outsourced logistics and transportation services to customers throughout North America. We report our financial performance based on three business segments: (1) Fleet Management Solutions (FMS), which provides full service leasing, commercial rental and vehicle maintenance services; (2) Supply Chain Solutions (SCS), which provides fully integrated port-to-door logistics solutions; and (3) Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions, including dedicated vehicles, professional drivers, management and administrative support. Dedicated transportation services provided as part of an operationally integrated, multi-service supply chain solution to SCS customers are primarily reported in the SCS business segment. ___________________ As of and for the year ended December 31, 2024. FMS revenue includes eliminations We operate in highly competitive markets. Our customers select us based on numerous factors including service quality, price, technology and service offerings. As an alternative to using our services, customers may choose to provide these services themselves or obtain similar services from other third parties. Our customer base reflects a variety of industries as shown below (as percentage of revenue): 1 Further information on our business and business segments is presented in Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations", and in Note 3, "Segment Reporting" of the Notes to Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" in this Annual Report. MISSION AND STRATEGY Ryder's mission is to responsibly deliver innovative supply chain and transportation solutions that are reliable, safe and efficient, enabling our customers to deliver on their promises. Companies performing their own logistics and transportation servic