Ryder's 2Q net earnings jump
Third party logistics provider Ryder System said its second-quarter net earnings jumped 48% to $29.5 million on revenues of $1.21 billion, up from net earnings of $19.9 million on revenues of $1.29 billion last year. Revenue for the second quarter declined 7%, however, due mainly to continuing slow economic conditions in the U.S. and other parts of the world, Miami-based Ryder said, which led to reduced