Ryder System, Inc. (NYSE: R), a leader in supply chain , dedicated transportation , and fleet management solutions, announces its Board of Directors has authorized a new discretionary share repurchase program. Under the new program, Ryder management is authorized to repurchase up to 2.0 million shares of common stock, at its discretion, from February 10, 2023 through February 10, 2025 (two years). This program is designed to provide management with capital structure flexibility while concurrently managing objectives related to target balance sheet leverage, acquisition opportunities, and shareholder returns. Share repurchases under the program can be made from time to time using the company’s working capital and a variety of methods, including open-market transactions and trading plans