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Ryder System Inc

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BUSINESS
September 7, 1995 | From Reuters
The Teamsters union said Wednesday its members would walk off their jobs today at Ryder System Inc., the country's largest shipper of new automobiles, after working without a contract for 3 1/2 months. A strike by about 5,000 Teamster drivers and dock workers, scheduled for 6 a.m. EDT today, could shut down Ryder's three automobile hauling operations, which control about a third of the car hauling business in the country and have large contracts with General Motors Corp.
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BUSINESS
December 27, 2003
* Ryder System Inc. said its board voted to end a takeover-defense plan on Dec. 31, more than two years early, after pressure by investors. Miami-based Ryder adopted it in March 1996, giving shareholders the right to buy preferred stock if anyone acquired or made an offer to purchase at least 10% of the company's common stock. * US Airways Group Inc. resumed offering reservations on InterActiveCorp's Expedia, ending a two-week dispute over a fee increase Expedia had placed on the airline.
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BUSINESS
February 9, 2001
* The Federal Trade Commission has requested more information regarding PepsiCo Inc.'s proposed $14-billion acquisition of Quaker Oats Co., which makes cereal and Gatorade, the leading sports drink. The companies did not say what information the agency had requested but said the move by the FTC, which must approve the deal, had been expected. * * San Francisco-based Catholic Healthcare West, which operates 47 hospitals including St. Vincent Medical Center in Los Angeles and St.
BUSINESS
July 9, 1985 | DJ
Ryder System Inc. said it has agreed to acquire Fleet Transportation Services Inc. of Pontiac, Mich. Terms were not disclosed. Fleet Transportation is the parent of Fleet Carrier Corp. and Fleet Carrier Dealers Services Inc. Ryder said these companies, which will become part of Ryder's automotive carrier division, transport new medium- and heavy-duty trucks principally for General Motors. The proposed transaction is subject to the approval of the Interstate Commerce Commission.
BUSINESS
March 14, 1992 | BOB BAKER, TIMES STAFF WRITER
Since he assumed the presidency of the Teamsters union six weeks ago, Ron Carey, a dissident Teamster from New York, has systematically been trying to erase the union's image as a slothful royalist empire. He has sold the union's two private jets, reduced his annual salary to $175,000 from $225,000, created an ethics committee and begun hiring consultants to revitalize the 1.5 million-member union, whose membership has fallen by a third in the last decade.
BUSINESS
July 20, 1996 | Times Staff and Wire Reports
Ryder May Sell Consumer Truck Rental Division: Miami-based Ryder System Inc. said it is in serious talks with possible buyers and has hired Goldman, Sachs & Co. to explore a sale of the division, which accounts for about 10% of the company's revenue. The commercial truck rental division is not for sale.
BUSINESS
December 27, 2003
* Ryder System Inc. said its board voted to end a takeover-defense plan on Dec. 31, more than two years early, after pressure by investors. Miami-based Ryder adopted it in March 1996, giving shareholders the right to buy preferred stock if anyone acquired or made an offer to purchase at least 10% of the company's common stock. * US Airways Group Inc. resumed offering reservations on InterActiveCorp's Expedia, ending a two-week dispute over a fee increase Expedia had placed on the airline.
BUSINESS
February 9, 2001
* The Federal Trade Commission has requested more information regarding PepsiCo Inc.'s proposed $14-billion acquisition of Quaker Oats Co., which makes cereal and Gatorade, the leading sports drink. The companies did not say what information the agency had requested but said the move by the FTC, which must approve the deal, had been expected. * * San Francisco-based Catholic Healthcare West, which operates 47 hospitals including St. Vincent Medical Center in Los Angeles and St.
BUSINESS
June 19, 1999 | JAMES F. PELTZ
Ryder System Inc., the giant truck-leasing and logistics concern, unexpectedly went into reverse again this year, and its chairman, M. Anthony "Tony" Burns, is the first to admit he's feeling the heat from stockholders and Wall Street. "I am not in denial" about Ryder's setback in this year's first quarter, when the Miami-based company startled investors by posting earnings well below forecasts, Burns said Thursday.
BUSINESS
January 21, 1997 | Times Staff and Wire Reports
Ryder System Inc. said it will cut about 2,100 jobs and bring its facilities closures to about 200, resulting in a $215-million pretax charge against fourth-quarter profit. The job cuts include about 700 employees who had already accepted the company's voluntary early-retirement package. Most of the facility closings are already completed, Ryder said, although some will occur this year.
BUSINESS
September 20, 1996 | Times Staff and Wire Reports
Ryder to Sell Rental Trucks: The Miami-based firm agreed to sell its most recognizable asset--its 33,000 yellow consumer rental trucks--to a group of investors for $575 million. "The decision to sell consumer truck rental was in many ways an emotional one, since to many people the yellow truck has become the icon of our company," Ryder System Inc. Chairman Anthony Burns said.
BUSINESS
July 23, 1996 | From Times Wire Services
Microsoft Corp., the world's leading computer software maker, on Monday reported a 50% increase in profit for its fiscal fourth quarter, exceeding analysts' expectations. The Redmond, Wash.-based company posted a profit of $559 million, or 87 cents a share, for the three months ended in June, up from $368 million, or 58 cents, a year ago. Analysts on average had predicted quarterly earnings of 85 cents a share.
BUSINESS
October 10, 1995 | From Reuters
The Teamsters union Monday agreed to suspend a monthlong strike today against the car-hauling subsidiary of Ryder System Inc. after reaching a tentative deal with the industry during the weekend, a union spokesman said. About 5,000 Teamster drivers and other workers have been on strike since Sept. 7 against Ryder Automotive Carrier Group Inc., the country's largest hauler of new cars to dealerships from factories, ports and railheads.
BUSINESS
September 8, 1995 | From Associated Press
Teamsters union drivers struck Ryder System Inc. on Thursday, shutting down the movement of new cars and trucks by the nation's largest car hauling company. Ryder, which moves vehicles from factories, ports and distribution centers to dealerships, is the major transporter for General Motors Corp. and hauls vehicles for the other car makers. The auto makers said immediate problems caused by the work stoppage would be minimal.
BUSINESS
January 21, 1997 | Times Staff and Wire Reports
Ryder System Inc. said it will cut about 2,100 jobs and bring its facilities closures to about 200, resulting in a $215-million pretax charge against fourth-quarter profit. The job cuts include about 700 employees who had already accepted the company's voluntary early-retirement package. Most of the facility closings are already completed, Ryder said, although some will occur this year.
BUSINESS
September 7, 1995 | From Reuters
The Teamsters union said Wednesday its members would walk off their jobs today at Ryder System Inc., the country's largest shipper of new automobiles, after working without a contract for 3 1/2 months. A strike by about 5,000 Teamster drivers and dock workers, scheduled for 6 a.m. EDT today, could shut down Ryder's three automobile hauling operations, which control about a third of the car hauling business in the country and have large contracts with General Motors Corp.
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