Ryder Honored Among Top Five for Thirteenth Consecutive Year
MIAMI, FL, Aug 11, 2010 (MARKETWIRE via COMTEX) -- Ryder System, Inc. (NYSE: R), a leader in supply chain, warehousing and transportation management solutions, today announced it has been named the Number-One third-party logistics (3PL) provider in the annual Inbound Logistics Top 10 3PL Excellence Awards. This is the fourth consecutive year Ryder wins the top spot by this leading publication and the thirteenth consecutive year Ryder is recognized as a top-five 3PL.
"Given the growing complexity of mastering global supply chain management, the role 3PLs play continues to be increasingly important," said Felecia Stratton, Editor of Inbound Logistics. "Companies need third party logistics providers that can offer the scalability to respond to demand volatility and changing customer requirements while still offering excellent operational execution and cost-savings. Our readers have consistently indicated that Ryder is their top choice for meeting their needs."
This year's Top 10 3PL Excellence Awards were based on faxed, mailed, emailed, and online ballots received by Inbound Logistics from December 2009 to June 2010. Readers nominated approximately 800 companies and cast 9,500 votes, further proof of the continuing competition among outsourced logistics providers.
"We're honored to receive this special recognition," said John Williford, Ryder's President of Global Supply Chain Solutions. "We have been really focused on providing flawless operational execution and at the same time introducing proactive, new solutions for our customers. For example, we were awarded a patent related to the Logistics Release process that we use in conjunction with the Ryder 'Control Tower' to optimize shipment planning and execution. Additionally, we've developed a 'Lean Warehouse Template' that maximizes efficiency at our customers' facilities. These are two recent examples of our commitment to providing the infrastructure and flexibility to proactively address our customers' changing needs. We're very grateful to our peers and customers for recognizing our service capabilities."
Ryder's Supply Chain Solutions business offers a broad range of innovative logistics management services that are designed to optimize a customer's supply chain and address key customer business issues. Ryder manages the inbound flow of more than 20 billion parts annually, providing service to more than 47 automotive assembly plants and to a multitude of customers at more than 300 plants. Ryder serves customers in a variety of industries, including automotive, electronics, high-tech, telecommunications, industrial, consumer goods, paper, office equipment, food and beverage and general retail industries. Ryder houses the Company's material flow operations and the Logistics Release process in Novi, Michigan and Nuevo Laredo, Mexico. Together these centers control more than 5,000,000 annual part shipments in North America.
About Inbound Logistics
Inbound Logistics is the leading trade magazine targeted toward business logistics and supply chain managers. The magazine's editorial mission is to help companies of all sizes better manage corporate resources by speeding and reducing inventory and supporting infrastructure, and better matching demand signals to supply lines. More information is available at www.inboundlogistics.com
Ryder is a FORTUNE 500(R) commercial transportation, logistics and supply chain management solutions company. Ryder's stock (NYSE: R) is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. Inbound Logistics magazine has recognized Ryder as the top third party logistics provider, and Security magazine has named Ryder the number-one company for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information on Ryder System, Inc., visit www.ryder.com.
Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
For Information Contact:
Marilu Del Toro
Lisa Brumfield Hagen
SOURCE: Ryder System, Inc.