{"id":87554,"date":"2026-02-13T12:38:57","date_gmt":"2026-02-13T15:38:57","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/892090172"},"modified":"2026-02-13T12:38:57","modified_gmt":"2026-02-13T15:38:57","slug":"ryder-sees-no-meaningful-change-in-freight-market-in-2026","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/13\/ryder-sees-no-meaningful-change-in-freight-market-in-2026\/","title":{"rendered":"Ryder Sees No &#8216;Meaningful&#8217; Change in Freight Market in 2026"},"content":{"rendered":"<div class=\"photo-combined-full\"> <span class=\"photo-credit\">Ryder sold 3,600 trucks and tractors in Q4 2025, a decrease of 23.4% compared with 4,700 vehicles in 2024. (Ryder System Inc.)<\/span>\n<\/div>\n<section class=\"_none block block-layout-builder block-field-blocknodearticlefield-publish-date clearfix pubdate-before-body\">\n<p> <time datetime=\"46Z\">February 12, 2026 5:08 PM, EST<\/time> <\/p>\n<\/section>\n<div class=\"key-takeaways\">\n<div class=\"key-takeaways-title\">\n<h3>Key Takeaways:<img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/i1.wp.com\/www.ttnews.com\/sites\/default\/files\/2025-09\/expand.png?ssl=1\" class=\"expand\" title=\"Toggle View of Key Takeaways\" alt=\"Toggle View of Key Takeaways\"><\/h3>\n<\/div>\n<div class=\"key-takeaways-text\">\n<ul>\n<li>Ryder said Feb. 11 that U.S. freight conditions showed no meaningful improvement as it reported slightly lower Q4 2025 profit and revenue.<\/li>\n<li>Executives attributed the prolonged downturn to weak used vehicle sales, soft rental trends and flat lease miles despite some early market-tightening signals.<\/li>\n<li>Incoming CEO John Diez said used vehicle pricing may improve later in 2026 as capacity exits the market but expects Q1 to mirror Q4 trends.<\/li>\n<\/ul><\/div>\n<\/div>\n<p class=\"TX\"><a href=\"https:\/\/www.ryder.com\/en-us\/about-us\" rel=\"noopener\" target=\"_blank\">Ryder System Inc<\/a>. has yet to see meaningful near-term change in the U.S. freight market, incoming CEO John Diez said Feb. 11, prolonging the longest rate recession in industry memory. <\/p>\n<p class=\"TX\">Diez, who will replace current CEO Robert Sanchez on April 1, made the comments as Ryder released <a href=\"https:\/\/investors.ryder.com\/news-events\/News-Releases\/news-details\/2026\/Ryder-Reports-Fourth-Quarter-2025-Results-and-Provides-2026-Outlook\/default.aspx\" rel=\"noopener\" target=\"_blank\">fourth-quarter 2025 earnings<\/a> headlined by profit and revenue nudging lower and failing to meet analyst expectations. <\/p>\n<p class=\"TX\">While truckload market conditions, especially in the spot segment, are indicating to some observers that the tide is turning, Diez and Sanchez said Ryder\u2019s operations had yet to provide similar harbingers. <\/p>\n<p class=\"TX\">Sanchez noted that Ryder\u2019s three leading indicators are used vehicle sales, rental and leased power miles. <\/p>\n<p class=\"TX\">\u201cWe haven\u2019t really seen a meaningful move in those yet. Our used vehicle retail pricing was actually sequentially down a bit [in Q4]. Rental utilization\u2019s stable, but really not improving so far. Our lease miles were flattish,\u201d said Sanchez, who has been CEO and chairman since 2013. <\/p>\n<p class=\"TX\">\u201cSo, that kinda gives you a bit of color on what we\u2019re seeing today. Obviously, with some of the early indicators around [the Purchasing Managers Index], and the tightening of the for-hire market, you could see some improvement later on in the year, but that\u2019s where we are now,\u201d the company\u2019s top executive said. <\/p>\n<p class=\"TX\">Ryder sold 3,600 trucks and tractors in the most recent quarter, a decrease of 23.4% compared with 4,700 vehicles a year earlier. <\/p>\n<p class=\"TX\">Rental demand increased, but only in line with historical seasonal trends and there was no indication of an improvement in market conditions, Chief Financial Officer Cristina Gallo-Aquino told analysts. <\/p>\n<p class=\"TX\">Looking forward, Diez added: \u201cWe do see the environment on the used vehicle sales side kind of gradually improving as we get through the year. We \u2026 expect Q1 to be kind of consistent with what we saw in Q4. We are expecting tractor pricing to improve as a lot of capacity keeps coming out of the market, and that will bode well for tractor pricing going into the second half of the year.\u201d <\/p>\n<p class=\"TX\">Demand for trucks, which accounts for 60% of Ryder\u2019s rental rolling stock, is expected to \u201ccontinue to be kind of depressed at the current fourth-quarter levels,\u201d Diez said. <\/p>\n<p class=\"TX\">Overall, Ryder\u2019s profit in the final three months of 2025 nudged 1.5% lower to $133 million from $135 million in the 2024 period. <\/p>\n<p class=\"TX\">The company posted revenue of $3.175 billion in the most recent quarter, a 0.4% decrease from $3.189 billion in the year-ago period. <\/p>\n<p class=\"TX\">Ryder\u2019s revenue total missed consensus analyst expectations of $3.25 billion, according to Zacks Equity Research. <\/p>\n<p class=\"TX\">The fleet management solutions division posted a 1% decline in revenue in Q4 to $1.466 billion from $1.485 billion a year earlier. <\/p>\n<p><a class=\"fbo-embed\" data-fbo-height=\"auto\" data-fbo-id=\"061346b681\" data-fbo-lightbox=\"yes\" data-fbo-ratio=\"3:2\" data-fbo-version=\"1\" data-fbo-width=\"100%\" href=\"https:\/\/online.flippingbook.com\/view\/607289233\/\">Ryder ChoiceLease Portfolio <\/a> <\/p>\n<p class=\"TX\">Ryder\u2019s ChoiceLease, rental and used vehicle sales operations are all part of the unit. ChoiceLease is the company\u2019s leasing program. <\/p>\n<p class=\"TX\">Gallo-Aquino said during the call that the decline was due to the weaker market conditions in rental and used vehicle sales. <\/p>\n<p class=\"TX\">The company said strategic initiatives continue to benefit ChoiceLease\u2019s performance. <\/p>\n<p class=\"TX\">ChoiceLease posted an average fleet count of 141,700 vehicles in Q4, compared with 145,300 in the year-ago period. <\/p>\n<p class=\"TX\">Used tractor pricing increased 1% and truck pricing decreased 9% from 2024. However, compared with the third quarter of 2025, used tractor and truck pricing increased 6% and 4%, respectively, reflecting a higher retail sales mix, Ryder said, while not providing outright median prices. <\/p>\n<div class=\"notch-left-text\">\n<p><a data-entity-type data-entity-uuid href=\"https:\/\/roadsigns.ttnews.com\/episodes\/year-in-preview-tariffs-technology-safety-and-an-unclear-freight-outlook\/\" target=\"_blank\"><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"RoadSigns\" class=\"img-responsive\" data-entity-type data-entity-uuid fifu-data-src=\"https:\/\/i3.wp.com\/www.ttnews.com\/sites\/default\/files\/2023-04\/RoadSigns-generic.jpg?ssl=1\"><\/a> <\/p>\n<p>Transport Topics reporters Eugene Mulero and Keiron Greenhalgh examine the critical trends that will define freight transportation in the year ahead.&nbsp;Tune in above or by going to <a href=\"https:\/\/roadsigns.ttnews.com\/episodes\/year-in-preview-tariffs-technology-safety-and-an-unclear-freight-outlook\/\" target=\"_blank\">RoadSigns.ttnews.com<\/a>.&nbsp;&nbsp; <\/p>\n<\/div>\n<p class=\"TX\">\u201cSequential pricing benefited from a higher retail mix as we realized better proceeds using the retail sales channel versus the wholesale channel. In the fourth quarter, 69% of our sales volume went through our retail sales channel, up from 54% in the third quarter. Our retail mix was also above prior-year levels of 64%,\u201d Gallo-Aquino said during the call. <\/p>\n<p class=\"TX\">Rental power-fleet utilization was 72% compared with 73% in the prior year, on an 8% smaller average fleet, the company said. <\/p>\n<p class=\"TX\">Ryder\u2019s supply chain solutions unit saw a 3% increase in revenue to $1.382 billion in Q4 from $1.34 billion in the 2024 period. <\/p>\n<p class=\"TX\">An increase in operating revenue was primarily driven by new business and volumes in omnichannel retail, but this was more than offset by lost business and extended customer production shutdowns in automotive, the company said. <\/p>\n<p class=\"TX\">Revenue at Ryder\u2019s dedicated transportation solutions arm fell 8% to $565 million from $615 million. <\/p>\n<p class=\"TX\">Operating revenue decreased due to lower fleet count reflecting prolonged freight market downturn, the company said. <\/p>\n<p class=\"TX\"><a href=\"https:\/\/www.ttnews.com\/for-hire\/companies\/ryder\/2025\" rel=\"noopener\" target=\"_blank\">Ryder ranks No. 6<\/a> on the <a href=\"https:\/\/www.ttnews.com\/for-hire\/rankings\/2025\" rel=\"noopener\" target=\"_blank\">Transport Topics Top 100 list of the largest for-hire carriers<\/a> in North America, with Ryder Dedicated Transportation Solutions ranking No. 5 among truckload\/dedicated carriers. The company also ranks <a href=\"https:\/\/www.ttnews.com\/logistics\/rankings\/2025\" rel=\"noopener\" target=\"_blank\">No. 7 on the TT Top 100 list of the largest logistics companies<\/a>. <\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; meaningful change in U.S. <span class=\"match\">freight<\/span> market conditions in 2026, incoming &#8230; critical trends that will define <span class=\"match\">freight<\/span> transportation in the year ahead &#8230; lower fleet count reflecting prolonged <span class=\"match\">freight<\/span> market downturn, the company said &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-87554","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/87554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=87554"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/87554\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=87554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=87554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=87554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}