Ryder System, Inc. (NYSE: R) announces its Board of Directors has authorized a new discretionary share repurchase program. Under the new share repurchase program, Ryder management is authorized to repurchase up to 2.0 million shares of common stock, at its discretion, from October 9, 2024 through October 9, 2026 (two years). This program is designed to provide management with capital structure flexibility while concurrently managing objectives related to balance sheet leverage, acquisition opportunities, and shareholder returns. Ryder’s previously authorized 2.0 million share discretionary repurchase program, authorized in October 2023, was completed in September 2024. “The earnings power of our contractual lease, dedicated, and supply chain businesses allows us to continually invest in...