In this episode, we kick things off by examining the powerful third-quarter performance from logistics giant Ryder, which delivered solid results with improvement across nearly every metric compared to the same period last year. Revenue climbed across all three operating segments, with used vehicle sales proving particularly robust as used tractor prices surged nineteen percent year-over-year. The strong quarter prompted Ryder to raise its full-year earnings forecast, and Wall Street responded enthusiastically by sending the company's stock up nearly six percent in early trading.
Next, we shift over to the rails to discuss how Union Pacific is showcasing impressive profit gains driven by intermodal growth and pricing power. The Omaha-based Class I railroad reported a sixteen percent increase in third-quarter profit to two point zero eight billion dollars, with intermodal traffic leading the railroad's growth as volumes surged eleven percent and intermodal revenue climbed a massive twenty-seven percent. Chief Executive Jim Vena credited the railroad's ability to safely deliver the service sold to customers while efficiently handling six percent volume growth.
Finally, we explore how Norfolk Southern is benefiting from a tighter trucking market, though those volume gains aren't translating into better operating efficiency. The railroad reported higher third-quarter earnings and record revenue, with total revenue rising fourteen percent to three point five billion dollars on a three percent increase in volume. However, the railroad's operating ratio worsened two point eight percentage points to sixty-seven point four percent, underscoring pressure on margins even as revenue reached a quarterly record.
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