Ryder's 2002 income up despite revenue drop
Ryder System Inc. said its net income rose to $93.7 million in 2002 after taking several restructuring charges throughout the year, compared to net income of $18.7 million in 2001. The Miami-based company added that its income rose despite a nearly 5% drop in revenue last year to $4.78 billion, down from revenues of $5.01 billion in 2001. The slow economy contributed to a reduction in transportation