Lease Structure ChangesRyder's recent shifts in lease structure and accounting have de-risked earnings and cash flow, increasing contractual business exposure and earnings quality.
Market ConditionsStagflation is beneficial for Ryder's business, with tighter truck markets and inflationary new truck pricing supporting favorable lease renewals and stable long-term demand.
Rare LossesThe street will see the gain on sale loss as a one-off, especially in light of guidance comfortably above the street at the midpoint.