Ryder System reported profit in the first quarter of 2013 of $39.9 million, up from $34.3 million in the first quarter of 2012.
Quarterly revenue for Ryder, No. 33 on the JOC’s list of Top 50 Trucking Companies, was $1.56 billion, rising 2 percent from $1.54 billion in the same period last year. Revenue from Ryder’s business segments, Fleet Management Solutions and Supply Chain Solutions, rose 3 percent and 1 percent respectively, driven by higher operating revenue, the Miami-based transportation company said in a written statement.
“We delivered increased revenue and earnings in an uneven economic environment during the first quarter,” said Robert Sanchez, president and CEO, in a written statement. “Looking ahead, we expect many of the same trends that drove this quarter’s performance to continue into the second quarter.”