Ryder controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile4 entries
2020
Key West pension fund files securities-fraud class action against Ryder
Lawsuit filed
A class action lawsuit was filed on behalf of the Key West Police & Fire Pension Fund against Ryder System Inc. The complaint alleges that Ryder and its executives overstated the residual value of the company’s trucking fleet, artificially inflating its financial results.
Company response
Clarification — Ryder
a spokesperson for Ryder said the company does not comment on pending litigation.
Source excerpt
A class action lawsuit has been filed on behalf of the Key West Police & Fire Pension Fund against Ryder System Inc. alleging the transport company and its top executives committed securities fraud by overstating the residual value of its trucking fleet, which artificially inflated its financial results.
In response to a request for a comment on the lawsuit and its allegations, a spokesperson for Ryder said the company does not comment on pending litigation.
2011
Criticism over lobbying and tax rebates
Public Campaign criticized Ryder’s reported lobbying expenditures and tax position during 2008–2010, including reported tax rebates despite company profitability.
1995
Ryder truck used in Oklahoma City bombing
A Ryder truck was used in the Oklahoma City bombing. Ryder was not the perpetrator, but the use of its rental vehicle generated substantial public attention.
1993
Ryder truck used in World Trade Center bombing
A Ryder-rented truck was used in the 1993 World Trade Center bombing. The company was not identified as responsible for the attack, but the incident became part of the brand’s public history.