Ryder System Inc. stock R fell 2% Wednesday in premarket trading after its first-quarter earnings missed estimates due to a weakening freight market. Miami-based Ryder reported a net income of $139m, or $2.94 per share, for the first quarter. This is down from $176m, or $3.35 per share, during the same period last year. The adjusted earnings per share came in at $2.81, which was below the FactSet consensus of $2.96. Revenue increased 3%, to $2.952 Billion. However, it fell short of the $2.985 Billion FactSet consensus. “Pricing changes benefited all segments while revenue growth improved earnings.