Ryder System will take a 4th quarter pretax restructuring charge of $42 to $47 million for costs associated with its recently announced reorganization.

The company is combining its Transportation Services and Integrated Logistics into one operating unit. It has also formed Ryder Capital Services, a new finance subsidiary.
The charge will consist principally of expenses for employee severance and relocation, consulting fees relating to the restructuring, facility closings, asset impairment and start-up of a captive insurance subsidiary.