Secular trends that make it difficult for companies to perform transportation and logistics services on their own continue to drive demand for Ryder's outsourced solutions.

Comparable EPS1

$3.712011 $4.402012 $4.882013 $5.582014 $6.132015

Our growth is driven by strategic initiatives that are bringing new products and capabilities to market, increasing the effectiveness of our salesforce and improving our customers' experience are driving growth.

ADJUSTED RETURN ON CAPITAL1 VS. COST OF CAPITAL

1.5% 1.2% 0.9% 0.6% 0.3% 0.0% 0.2%2011 0.9%2012 1.0%2013 1.1%2014 1.4%2015

CONTRACTUAL FLEET GROWTH

(Full Service Lease + Contract Maintenance)
180,000 175,000 170,000 165,000 160,000 155,000 150,000 156,3002011 160,2002012 160,3002013 167,9002014 178,5002015

FMS EARNINGS BEFORE TAX

(as a % of operating revenue1)
12% 10% 8% 6% 4% 2% 0% 10.1%2012 10.0%2013 11.9%2014 12.0%2015

DTS EARNINGS BEFORE TAX

(as a % of operating revenue1)
7% 6% 5% 4% 3% 2% 1% 0% 6.6%2012 6.8%2013 6.7%2014 6.4%2015

SCS EARNINGS BEFORE TAX

(as a % of operating revenue1)
8% 7% 6% 5% 4% 3% 2% 1% 7.2%2012 7.7%2013 6.5%2014 7.5%2015

1 Non-GAAP financial measure. For a reconciliation of these non-GAAP financial measures, click here to access our “Non-GAAP Reconciliation” presentation.