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Ryder System Raises Long-Term Adjusted Return on Equity Outlook
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Ryder System Raises Long-Term Adjusted Return on Equity Outlook
Jun 13, 2024 6:40 AM

09:14 AM EDT, 06/13/2024 (MT Newswires) -- Ryder System (R) said Thursday it now expects its long-term adjusted return on equity of 20% to 22% over the cycle, up from its prior range of 17% to 19%.

The company's "transformed business model, strategic initiatives, and expected benefits from the cycle upturn" will help it surpass previous peak-cycle returns, Chairman and Chief Executive Robert Sanchez said.

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