Ryder Q4 Earnings: Steady as She Goes, No Big Swings in Revenue or Profitability

Ryder reported Q4 revenue steady with a 1% decline in fleet management solutions and a 3% increase in supply chain solutions. Used tractor sales prices rose 1% YoY, while earnings before tax declined in all segments. The company forecast a 3% increase in operating revenue for 2023, with supply chain solutions contributing most of the growth. Ryder's stock price dropped 3.4% after the earnings report.