Ryder Honored in Two Categories - Innovation and Distribution/Warehousing
MIAMI, Jan 18, 2011 (BUSINESS WIRE) --
Ryder System, Inc. (NYSE: R), a global leader in supply chain, warehousing and transportation management solutions, today announced it has been named Supplier of the Year by Cisco. This prestigious award recognizes Ryder for achieving the highest average Global Balance Scorecard performance in the Innovation and Distribution/Warehousing categories.
The Cisco Service Supply Chain FY2010 Vendor Recognition Program acknowledges the highest performing third party logistics providers for their outstanding achievements and scores for delivery performance, quality, inventory accuracy and overall account management of the Cisco business compared with any other vendors within each of the award categories. The event celebrates the commitment of Cisco's preferred suppliers to ongoing customer satisfaction, continuous improvement and accelerated growth.
"Cisco has a remarkable history of quality and innovation, and Ryder is proud to be a part of this tradition of excellence," said Ryder President of Global Supply Chain Solutions John Williford. "We are thankful for this award and proud of the Ryder team that supports our valued customer. We look forward to providing flexible, reliable solutions that contribute to Cisco's future growth and profitability."
"Our suppliers play a key role in our ability to exceed our customers' expectations for quality and innovation, and Ryder has proven to be a positive contributor," said Dillard Myers, VP of Global Operations for Cisco. "We value our 12-year relationship with Ryder and look forward to their expertise in driving innovation and continuous improvement throughout our network."
Ryder first began providing domestic shipments of warranty replacement components to customer sites and RFD (rapid fulfillment depot) stock replenishments in 2000. Today, the Ryder facility in Roanoke, Texas has grown into a Global Distribution Center (GDC) for Cisco. Services have expanded to also include configuration and software duplication services for top tier customers, international replenishment shipments to GDC locations abroad, compliance auditing, export documentation creation and retention, item weight/dims reporting and maintenance, engineering change order requests to ensure manufacture revision compliance and a re-box / re-label program on global stock purges.
About Ryder
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 one of the top companies 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.
SOURCE: Ryder System, Inc.
Ryder System, Inc.
Lisa Hagen, 305-500-3668
Lisa_Hagen@Ryder.com
or
Cindy Haas, 305-500-4527
Cindy_Haas@Ryder.com
|