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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:53 EDTRRyder files automatic mixed securities shelf
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October 1, 2014
08:10 EDTRTrucking, intermodal coverage resumed with a Market Weight at Wells Fargo
Wells Fargo expects truck load rates to rise, with momentum lasting through the next bid season. The firm says that brokers' gross margin pressure has subsided, and it has a positive outlook on them. Wells remains cautious on truckload carriers, however, due to wage pressures and difficulty growing fleets. It identifies JB Hun (JBHT), Landstar (LSTR), Ryder (R) and XPO Logistics (XPO) as its favorite names in the sector, and has Outperform ratings on all of those stocks.
08:03 EDTRRyder coverage resumed with an Outperform at Wells Fargo
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September 24, 2014
07:57 EDTRRyder selected by Chrysler Mexico
Ryder (R) announced it has been selected by Chrysler Mexico to manage a cross dock operation at the Port of Altamira, feeding parts from an overseas supplier to Chryslerís manufacturing assembly plant in Mexico. Ryder is responsible for receiving sea containers from two Italian consolidation centers, facilitating the customs process and transloading the shipments into trailers for delivery to the plant. Ryder will use its engineering knowledge to optimize the trailer loads, resulting in reduced transportation spend for Chrysler. Ryderís services are supported by an EDI technology that connects Ryder, Chrysler, and the supplier. This system enables Ryder to share information with customs brokers, transportation partners, and the Chrysler assembly plant, improving visibility and ensuring quality, timely delivery. Chrysler is owned by Fiat (FIATY).

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