Ryder System has expanded its used commercial vehicle network in northern New Jersey with two new facilities. The company relocated its Kearny centre to a larger site in Newark and opened a new location in North Bergen. The Newark facility, located at 474 Wilson Avenue, provides direct access to the Port of Newark, Interstate 95, and Newark Liberty International Airport. The North Bergen centre at 6214 Tonnelle Avenue marks Ryder's first used vehicle sales location south of the George Washington Bridge. "Northern New Jersey is one of the most important transportation markets in North America," says Eric Upchurch, vice president of vehicle sales at Ryder. The investments aim to strengthen Ryder's position in a key freight market whilst improving customer access to its used truck inventory.

Ryder reported second-quarter revenue of $3.35 billion, exceeding analyst estimates of $3.30 billion, representing 5% year-on-year growth. Adjusted earnings per share came in at $3.73, beating expectations of $3.69. Despite the revenue beat, the market reacted negatively as operating margin remained flat at 8.5% compared to the prior year. Management raised full-year adjusted EPS guidance to $14.60 at the midpoint, a 1.2% increase. CEO John Diez attributed performance to the company's balanced growth strategy and highlighted improved conditions in used vehicle sales. He noted the resilience of Ryder's transformed business model, stating the company's contractual base has proven to be a key driver over the cycle. Analysts questioned management about dedicated contract renewals, rental fleet expansion plans, and the impact of business transformation on earnings seasonality.

Ryder System reported its seventh consecutive quarter of comparable earnings-per-share growth in Q2 2026. CEO John Diez attributed results to contractual revenue, strategic initiatives, and improving used vehicle sales. The company posted total operating revenue of $2.7 billion, up 3% year-over-year. Comparable EPS from continuing operations rose 12% to $3.73. Free cash flow increased to $684 million from $461 million, driven by lower capital expenditures. Fleet Management Solutions led earnings growth, with earnings before taxes rising 20% to $150 million. Management highlighted that over 90% of Ryder's revenue comes from long-term contracts, providing resilience during freight cycles. Rental utilization reached the company's 75% target on a 15% smaller average fleet. CFO Cristy Gallo-Aquino noted the quarter showed the strongest sequential increase in rental demand in four years.