RYDER SYSTEM Business Summary

Ryder System Inc. (R) operates a multi-modal logistics and transportation business model, generating approximately $12.7 billion in annual revenue through three core segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). Revenue is 90% contractual, primarily sourced from long-term vehicle leasing fees, maintenance subscriptions (SelectCare), and transaction-based logistics fees for warehousing and distribution. The company is currently executing a "balanced growth" strategy to shift its revenue mix toward asset-light SCS and DTS segments, reducing exposure to the cyclical used-vehicle and rental markets. Ryder competes directly with J.B. Hunt, Penske Truck Leasing, Schneider National, and Knight-Swift Transportation, maintaining a dominant market position through its extensive North American network of 760 maintenance facilities and 100 million square feet of managed warehouse space. Founded in 1933 by James Ryder, the company is led by Chairman and CEO Robert E. Sanchez, who is scheduled to transition to Executive Chair on March 31, 2026. His successor, John J. Diez, currently serves as President and COO and brings over 20 years of internal pedigree, including previous roles as CFO and President of FMS. The leadership team is supported by CFO Cristina Gallo-Aquino and CIO Rajeev Ravindran, the latter of whom oversees the integration of AI-driven proprietary technologies like RyderShare and RyderGyde. Ryder’s governance is overseen by a board featuring high-profile industry veterans, including Lead Independent Director Michael F. Hilton and Tammy Romo, the former CFO of Southwest Airlines who joined the board in early 2026, ensuring deep financial and operational oversight.