Ryder System, Inc.: Update following affirmation of Baa2 senior unsecured rating, change in outlook to positive
Our credit view of this issuer reflects its revenue visibility from long-term leases, constrained by its effective management of rental fleet utilization given fluctuations in rental demand.Ryder System is engaged in transportation and supply chain management solutions. The company's segments include: Fleet Management Solutions, which provides full service leasing and leasing with maintenance options, commercial rental, contract or transactional maintenance services, and fleet support services such as vehicle administration and fuel service; Supply Chain Solutions, which provides logistics management services, including distribution management, transportation management and other services; and Dedicated Transportation Solutions, which combines equipment, maintenance, drivers, administrative services and additional services to provide a dedicated transportation solution.
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