Trucking and logistics company Ryder System said profits and revenue fell in the third quarter because of lower fuel prices and volume and unfavorable foreign exchange rate movements.

Profit was $24 million, or 43 cents per share, compared to $70.2 million, or $1.24 per share in the same period of 2008, the Miami-based company said in a press release.

Revenue fell 20 percent to $1.3 billion. Operating cashflow fell 15 percent to 758.8 million.

Free cash flow from continuing operations grew 70 percent to $452.1 million, primarily because of lower net cash paid for capital expenditures.

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