Trucking Companies At War Over This New Niche Of E-Commerce Delivery [zero hedge]
Ryder System, Inc. (R)
Last ryder system, inc. earnings: 4/29 07:55 am
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Source: zero hedge
The battle for new delivery business spurred by the significant rise in large products ordered online is officially on.And as consumers get more comfortable buying larger items like appliances, grills, treadmills and even furniture online, trucking companies like JB Hunt Transport Services Inc. are knee-deep in the fray to secure the ensuing delivery business that comes with it.JB Hunt, for instance, announced Wednesday that it has agreed to pay $100 million for a company in New Jersey that specializes in delivering large items to consumers. This is the second such purchase made by JB Hunt in the delivery space in less than two years.Similarly, XPO logistics has made four acquisitions of this nature to try and implement what it is calling a "white glove service". Ryder System Inc. also spent $120 million last year to purchase a company that would bring in an additional 109 e-commerce fulfillment facilities and 72 third-party centers.And the M&A should continue. Nick Hobbs, of J.B. Hun
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R
News
- Ryder System, Inc. (NYSE: R) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $122.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Ryder System, Inc. (NYSE: R) had its price target raised by analysts at JPMorgan Chase & Co. from $120.00 to $126.00. They now have a "neutral" rating on the stock.MarketBeat
- Ryder System, Inc. (NYSE: R) had its price target raised by analysts at Stephens from $113.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
- Ryder (R) Q1 Earnings & Revenues Beat, 2024 EPS View Up [Yahoo! Finance]Yahoo! Finance
- Ryder System, Inc. (R) Hit a 52 Week High, Can the Run Continue? [Yahoo! Finance]Yahoo! Finance
R
Earnings
- 4/23/24 - Beat
R
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/10/24 - Form DEFA14A
- R's page on the SEC website