09:03 AM EDT, 10/23/2025 (MT Newswires) -- Ryder System (R) said Thursday that its board has approved two new share buyback plans authorizing the repurchase of up to 3.5 million shares over the next two years.

The company said one plan allows for the discretionary repurchase of up to 2 million shares through October 2027, replacing a similar 2024 plan that was nearly completed.

The second plan permits the repurchase of up to 1.5 million shares issued under employee stock plans to offset dilution, replacing a prior plan that expired this month, Ryder said.

Ryder said repurchases may be made using working capital through open-market transactions or other methods, depending on market conditions.

Ryder said it has about 40.4 million shares outstanding as of Sept. 30.