MIAMI, FL, Apr 28, 2008 (MARKET WIRE via COMTEX News Network) -- Ryder System, Inc. (NYSE: R), a global leader in supply chain,
warehousing and transportation management solutions, today announced
it received the General Motors 2007 Supplier of the Year award for
its significant contributions to GM's global product and performance
achievements. The 16th annual award -- themed the "Best of the Best"
-- was given during ceremonies Saturday, April 26 at the Sawgrass
Marriott Hotel in Jacksonville, Fla.
"GM is proud to honor Ryder System as a GM Supplier of the Year
winner," said Bo Andersson, GM Group Vice President, Global Purchasing
and Supply Chain. "This award is our way of telling the winners that
we appreciate all of their efforts in working together with GM to
manufacture world-class vehicles.
"Ryder System is among the best of the best," he continued. "They
understand that our mutual success can only be achieved by sharing
common goals and priorities."
Commenting on the award, Tom Jones, Ryder SVP and General Manager of
Supply Chain Solutions, said, "Ryder is honored to be recognized as a
Supplier of the Year by GM for the fourth consecutive year. We are
proud to support GM's operations and contribute to their global
success and quality reputation. I would like to congratulate the
Ryder team that strives to drive value and excellence for GM."
The GM Supplier of the Year award began as a global program in 1992.
Winners are selected by a global team of executives from purchasing,
engineering, manufacturing and logistics who base their decisions on
supplier performance in quality, service, technology and price. This
year, General Motors honored 97 suppliers for their outstanding
performance throughout 2007.
About Ryder
Ryder provides leading-edge transportation, logistics and supply
chain management solutions worldwide. Ryder's stock (NYSE: R) is a
component of the Dow Jones Transportation Average and the Standard &
Poor's 500 Index. Ryder ranks 371st on the FORTUNE 500(R) and 1,631st
on the Forbes Global 2000. 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:
Edward Rifenburg
(305) 500-4161
Email Contact
Lisa Brumfield Hagen
(305) 500-3668
Email Contact
SOURCE: Ryder System, Inc.