newsroom

Ryder Relaunches Dedicated Transportation Solution

03/04/2013


Introduces New Brand Name and Enhanced Services That Enable Private Fleets to Be Nimble, Run Lean, and Stay Safe

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE:R), a leader in commercial transportation and supply chain management solutions, today announced a new brand name for its dedicated transportation solution, formerly known as Dedicated Contract Carriage (DCC). The new brand name, Ryder Dedicated, reflects an enhanced solution that focuses on specialized handling, adds new integrated services, and is supported by a new technology platform that enables private fleets to be nimble, run lean, and stay safe.

“Private fleet owners are facing unprecedented challenges, from a driver shortage, to complex safety and regulatory requirements, and rising fuel costs,” said John Sonia , Senior Vice President, Ryder Dedicated . “With a Ryder Dedicated solution, they can quickly adapt to changing staffing needs, drive efficiencies through optimized networks and leading technology, and mitigate risk by working with a proven safety leader.”

Ryder has been in the dedicated transportation business as a logistics specialist managing $4 billion in transportation spending for nearly seven decades. The Ryder Dedicated offering combines vehicles, maintenance, and administrative services, with drivers and additional value-added services, all dedicated to a specific customer. Ryder Dedicated is perfect for companies with specialized equipment or product handling needs, complex routes, rigorous service level agreements or high driver turnover.

With Ryder Dedicated, private fleets can adapt to changing demand, staffing and service needs by utilizing highly-skilled, safe drivers that are hired, trained, and managed by Ryder. In addition, Ryder can help fleets meet their unique handling needs with specialized vehicles and equipment customized for their industry and operation, and expertly maintained by a network of 5,000 Ryder technicians.

Ryder Dedicated customers can also gain additional efficiencies by adding on Transportation Management services. This new integrated solution helps fleets tap into backhaul revenue-sharing opportunities with other Ryder customers to minimize empty miles and offset transportation costs. Working with Ryder, customers have access to unmatched capacity – whether it’s by accessing vehicles from one of the largest commercial fleets in North America or adding the flexibility of using third-party carriers.

A new proprietary technology platform brings greater visibility and operational efficiency across the entire Ryder’s Dedicated fleet to better optimize assets, routes, service levels and total operating costs for customers.

“Customers tell us they need a dedicated fleet along with flexible value-added services, professional drivers who they can trust to represent their businesses, and a culture committed to safety,” continued Mr. Sonia. “No provider does these things better than Ryder. Being nimble, running lean, and staying safe are top priorities for today’s private fleets and these are the very same pillars that make up the foundation of the Ryder Dedicated solution.”

The Ryder Dedicated relaunch will be rolled out during the first half of 2013, and will include updated sales collateral, print and online media, and new vehicle decaling. For more information on the Ryder Dedicated solution, visit www.ryder.com/ryder-dedicated.

About Ryder

Ryder is a FORTUNE 500® 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 a top third party logistics provider and green supply chain partner. Ryder has also been ranked three years in a row as one of the top 250 U.S. companies in the Newsweek Green Rankings. In addition, 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, visit www.ryder.com and follow us on Facebook, YouTube, and Twitter.

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.

Cindy Haas, 305-500-4526

Cindy_Haas@Ryder.com


Stock Quote: NYSE

Price 87.50

Change +0.00

Volume 774,300

% Change +0%

Intraday High 88.60

52 Week High 93.87

Intraday Low 86.05

52 Week Low 63.99

Today's Open 86.36

Previous Close 87.50

Oct 30, 2014 05:00 PM Pricing delayed 20 minutes