According to analyst Peter Nesvold of Jefferies, the Fleet Management Solutions business unit—which provides full-service leasing — of Ryder in the fourth quarter of last year posted revenue of $1.075 billion.
That figure, Nesvold pointed out, was in line with Jefferies’ $1.072 billion estimate.
“All six of the revenue line-items in this segment were within $1 million of our model,” said Nesvold. “Segment margins improved 130bps year over year (YoY) vs. 100bps YoY in the third quarter [and were] in line with our model.
Nesvold also stated that that performance drove 41% of YoY segment pre-tax profit growth. “Pre-tax profits grew three times as fast as revenue YoY, implying strong operating leverage,” he added.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Turnover and its causes are expenses we like to ignore or accept as the cost of running a trucking company. In a market like today’s, investing in retention doesn’t mean spending...
Leaders of Brakebush Transportation, a century-old family business, share some of their innovative strategies and deep commitments to drivers that earned their operation FleetOwner...
