The Largest Independently Owned Supplier of Office Supplies and Equipment in U.S. Expands Fleet to More Than 376 Vehicles to Support Growth and Expansion
MIAMI, FL, Jul 21, 2010 (MARKETWIRE via COMTEX) -- Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, today announced that it has renewed and expanded its full service lease contract with W.B. Mason Company, the largest, independently owned provider of office supplies, furniture and printing in the U.S.
Ryder's full service leasing relationship with W.B. Mason began 30 years ago with two trucks. This year, W.B. Mason renewed its contract and expanded the fleet with Ryder to include an additional 106 trucks for a total fleet size of 376 vehicles. W.B. Mason has more than 27 locations and provides same-day and next-day deliveries to a base of 150,000 customers in 11 states spanning from Maine to Washington, D.C., as well as the metro Chicago area in Illinois.
"In today's highly competitive and challenging environment, it is even more important that we maintain our legacy of personalized and exceptional service and customized solutions with a same-day delivery promise to our customers," said Leo Meehan, CEO and Partner of W.B. Mason. "Ryder supports that promise through their unwavering reliability, the quality of their fleet, and service that gives us the uptime we need to exceed our customers' expectations. This 30-year partnership gives us the confidence and success to grow and expand into new markets."
John Gleason, Ryder's Senior Vice President of Sales and Marketing for Fleet Management Solutions, said, "Ryder values its relationship with W.B. Mason and is pleased to support the fleet requirements of such a highly respected company. We look forward to being a part of their future growth and success."
Ryder's Fleet Management Solutions business segment provides full service leasing, rental and programmed maintenance of trucks, tractors, and trailers to commercial customers. Ryder provides full service lease for more than 14,000 customers in the U.S. and Canada, and manages a fleet of 185,000 vehicles.
About W.B. Mason
W.B. Mason was founded in 1898 and today is the largest independently owned provider of office supplies and furniture to businesses in the United States, six times larger than its nearest privately held competitor. Headquartered in Brockton, Mass., the company provides a huge selection of products at competitive prices and customized solutions to meet the needs of their customers. The company has over 1,800 employees serving 150,000 customers in 11 states with sales of $820 million. For more information on W.B. Mason, visit www.wbmason.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:
Lisa Brumfield Hagen
Marilu Del Toro
SOURCE: Ryder System, Inc.