# Ryder Q3 2026 Earnings Report Highlights

> Ryder reports 21% EPS growth and raises full-year guidance amid freight market recovery.
- Title: Ryder Q3 2026 Earnings Report Highlights · The Motley Fool
- Summary: Ryder reports 21% EPS growth and raises full-year guidance amid freight market recovery. Ryder System Inc. achieved 21% quarterly EPS growth and raised…
- Keywords: ryder, q3 2026, earnings call, comparable eps, freight market, supply chain solutions, dedicated transportation solutions, fleet management solutions, finance, money, 2026, Earnings
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/22/ryder-r-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-22T20:08:45+00:00
- Read time: 1 min
- Topics: ryder, q3 2026, earnings call, comparable eps, freight market, supply chain solutions, dedicated transportation solutions, fleet management solutions, finance, money
## Q3 Results
Operating revenue increased 6% to $2.8 billion with 21% higher comparable EPS at $4.33.
## Fleet Performance
Rental utilization reached 77% with 700 basis points year-over-year improvement.
## Used Vehicle Sales
Used vehicle pricing increased 19% for tractors and 5% for trucks year-over-year.
## Strategic Initiatives
Expected $70 million in incremental benefits from strategic initiatives in 2026.
## Capital Expenditures
Full year 2026 capital expenditures forecast at $2.4 billion with rental fleet investments increased to $500 million.
## Market Outlook
Ryder expects 2026 EPS guidance range of $14.85-$15.05 with 18% return on equity.
## Fleet Growth
Rental fleet expected to grow 8% sequentially in Q4 following 2027 demand anticipation.
## Cyclical Benefits
Expected $40 million cyclical upturn benefit in 2026 from improved rental and used vehicle sales.
## Debt Metrics
Debt-to-equity ratio at 242% down from 250% in 2025 with target range 250%-300%.
## Used Vehicle Inventory
7,300 used vehicles at quarter end, down from 8,500 units last year.
## Strategic Shift
60% of 2026 revenue expected from asset-light segments: Supply Chain and Dedicated Transportation Solutions.
## AI Integration
Embedding agentic AI into RyderShare and RyderGyde platforms to enhance supply chain capabilities.
## Market Conditions
Geopolitical and macroeconomic factors remain key variables affecting freight market recovery pace.
## Driver Costs
Mid-single-digit wage increases observed in specific regions for drivers with targeted contracts.
## Fleet Utilization
Lease miles per unit increased year-over-year and sequentially indicating higher fleet utilization.
## Q4 Guidance
Q4 comparable EPS guidance of $4.25-$4.45 up from $3.59 in prior year's Q4.
## Key takeaway

Ryder System Inc. achieved 21% quarterly EPS growth and raised full-year 2026 EPS guidance to $14.85-$15.05 as freight market conditions improve.