Ryder System Boosts Mobile Maintenance with Pit Stop Fleet Service Acquisition: Details
Portfolio Pulse from Shivani Kumaresan
Ryder System, Inc. (NYSE:R) has announced the acquisition of Pit Stop Fleet Service to enhance its mobile maintenance services. The deal is expected to add $24 million in gross revenue by 2025 and expand Ryder's services to 140 markets across 20 states.
July 15, 2024 | 1:40 pm
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Ryder System, Inc. (NYSE:R) has announced the acquisition of Pit Stop Fleet Service, which will enhance its mobile maintenance services and is projected to add $24 million in gross revenue by 2025.
The acquisition of Pit Stop Fleet Service will significantly enhance Ryder's mobile maintenance services, expanding its market reach and adding substantial revenue. This is likely to positively impact Ryder's stock price in the short term.
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