Ryder System, Inc. (NYSE:R) announces its Board of Directors has authorized a new share repurchase plan.

Under the new discretionary repurchase plan, Ryder management is authorized to repurchase up to 2.0 million shares of common stock, at its discretion, from May 1, 2026, through May 1, 2028 (two years). This plan is designed to provide management with capital structure flexibility while concurrently managing objectives related to balance sheet leverage, investments in organic growth, acquisition opportunities, and shareholder returns. The new plan replaces the company's previously authorized 2.0 million share discretionary plan from 2025, which was largely completed.

"The structural changes we've made to our business model are driving Ryder's outperformance relative to prior cycles," says Ryder Chief Executive Officer John Diez. "These changes are the result of consistent execution on our balanced growth strategy which has resulted in a more resilient business with a meaningfully higher return profile. Our transformed model provides a solid foundation to support profitable growth and create incremental value for customers and shareholders. Since 2021, we have repurchased approximately 25% of our shares outstanding and have increased our quarterly dividend by 57%. Our new share repurchase program continues to demonstrate our strong capital deployment capacity and commitment to disciplined capital allocation."

Share repurchases under the plan 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 established pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934. The timing and actual number of shares repurchased are subject to market conditions, legal requirements, and other factors. As of March 31, 2026, the company had approximately 38.7 million shares of common stock outstanding.

About Ryder System, Inc.

Ryder System, Inc. (NYSE:R) is a nearly $13 billion leading provider of outsourced logistics and transportation services throughout the United States, Canada, and Mexico. Ryder offers supply chain, dedicated transportation, and fleet management solutions that integrate every step of the supply chain port‑to‑door, including cross-border logistics, fleet and transportation management, warehousing and distribution, and final delivery to customers' doorsteps. Ryder's broad portfolio of services encompasses managed transportation, freight brokerage, dedicated contract carriage with professional drivers, full‑service fleet leasing and maintenance, commercial truck rental, automation and robotics, digital technologies, contract manufacturing and packaging, omnichannel retail fulfillment including e-commerce and last-mile delivery, and used vehicle sales. Serving more than 20 industries, Ryder manages approximately 240,000 commercial vehicles, operates nearly 800 maintenance locations, and runs approximately 320 warehouses totaling more than 100 million square feet. Ryder is consistently recognized for technology‑driven innovation and industry‑leading practices in safety, health, security, talent acquisition, and environmental management, and was most recently named to Fortune's "America's Most Innovative Companies" list. www.ryder.com

Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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For Information Contact:

Media:

Amy Federman, afederman@ryder.com

Investor Relations:

Calene Candela, ccandela@ryder.com