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Ryder System is seeing more opportunities surface for its dedicated transportation solutions segment as capacity continues to exit the market, executives shared during the company's Q2 earnings call held July 23.
Operating revenue for the segment fell 3% year over year in Q2, but Ryder expects its fleet count to turn positive in Q4 or early 2027 as sales activity strengthens.
"Our pipelines are at record levels for us right now," CEO John Diez said during the call. "We've seen a number of opportunities come back where customers have been running their transportation with for-hire carriers, and they're looking for dedicated capacity and coming back to us."
Ryder's dedicated transportation solutions business — which provides customers with dedicated fleets, drivers and transportation services under longer-term contracts — is seeing demand improve although the recovery has yet to translate into fleet growth.

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