Ryder System, Inc. (NYSE:R) is included among the 14 Best Mid Cap Dividend Aristocrat Stocks to Buy Now.
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On January 8, Wolfe Research analyst Scott Group downgraded Ryder System, Inc. (NYSE:R) to Peer Perform from Outperform.
Just a few days earlier, on January 5, Ryder completed its acquisition of Truck Service Depot, an Atlanta-based mobile maintenance provider that services commercial trucks and trailers across Georgia. The company said the deal strengthens its Torque by Ryder retail mobile maintenance platform and helps speed up growth for that offering.
Truck Service Depot brings a team of more than 20 technicians and operates two locations: a large 10-bay drive-through maintenance facility in Atlanta, along with a service center in Savannah, Georgia. Ryder expects the acquisition to create efficiencies and deliver added value to customers of both companies.
To keep operations running smoothly, Torque by Ryder plans to integrate Truck Service Depot’s employees, assets, and day-to-day operations into its broader network over the course of 2026. Ryder Systems also said Truck Service Depot founder Scott Marshall, who launched the business in 2018, will work closely with the company to support the transition.
Ryder System, Inc. (NYSE:R) is a fully integrated logistics and transportation company that provides supply chain, dedicated transportation, and fleet management solutions.
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