John Kingston - Editor At Large - FreightWaves - Carle Place, NY
Topic: Ryder’s Loyalty Incentive Program and Earnings from E2Open
This is an interesting incentive program, how does it work?
And it’s not based on how many dollars a customer spends with Ryder…
They also had their earnings release - with their Fleet Management Systems still bringing in the lion’s share of revenue, but more growth from other areas….
E2Open had an interesting call where their earnings were not significantly down, but the outlook was. Are they in trouble after reporting they lost $720 Million last fiscal year?
“In its forecast for fiscal 2024, which began March 1, e2Open forecast that subscription revenue measured by GAAP standards would be $545 million to $555 million, an increase of 3.2% from the full-year 2023 figure of $532.9 million. That percentage increase compares to the more than 58% figure for fiscal 2023 compared to 2022 and is well below even the 18.2% increase in subscription revenue posted for the fourth quarter.”
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