Sunday, January 2, 2011
In the Zone
R - Ryder Systems, Inc.
Ryder System, Inc. provides transportation and supply chain management solutions. The company operates in three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Contract Carriage (DCC).
The FMS segment provides leasing, contract maintenance, contract-related maintenance, and commercial rental of trucks, tractors, and trailers primarily in the United States, Canada, and the United Kingdom. It also offers fleet support services, such as fuel, insurance, safety, administration, environmental management, and information technology services. In addition, this segment sells its used vehicles through 55 company owned retail sales centers, as well as Web site, Usedtrucks.Ryder.com.
Its customers include small businesses and enterprises operating in automotive, electronics, transportation, grocery, lumber and wood products, food service, and home furnishings industries.
The SCS segment provides supply chain consulting solutions in North America and Asia. It offers distribution management, transportation management, and professional services, as well as supported by various information technology and engineering solutions. This segment primarily serves automotive, electronics, high-tech, telecommunications, industrial, consumer goods, paper and paper products, office equipment, food and beverage, and general retail industries.
The DCC segment provides vehicles and drivers as part of a transportation solution in the United States. It combines the equipment, maintenance, and administrative services of a service lease with drivers and additional services, such as routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, technology and communication systems support, and other technical support. This segment serves energy and utility, metals and mining, retail, construction, healthcare products, and food and beverage industries. The company was founded in 1933 and is based in Miami, Florida.
Ryder System, Inc. ended the week trading at $52.64 up $1.70 or 3.34% on lighter than average upside volume of 1.71 million. The average weekly volume for the company is 3.47 million. Please keep Ryder Systems on your watch list for a possible price move above the $52.85 - $52.90 area. This is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle
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