MIAMI, FL, Oct 20, 2009 (MARKETWIRE via COMTEX) -- Ryder System, Inc. (NYSE: R), a leader in transportation and supply
chain management solutions, today announced it has been awarded a
Dedicated Contract Carriage (DCC) and Transportation Management
contract by Shell Exploration and Production Company (SEPCo) to
support their Gulf of Mexico operations. SEPCo's Gulf of Mexico
Deepwater operations account for approximately 80 percent of Shell's
overall U.S. oil and gas production.
Ryder's DCC service is a customized suite of transportation
management services for the delivery of a customer's products that
optimizes its fleet operations and allows its management to be more
focused on core business issues.
Under the contract, Ryder will provide SEPCo with a fleet of flat bed
trailers, tandem axle tractors, and full time specially certified
drivers based at three domiciled locations. Ryder will outfit all
trucks supporting SEPCo with GreenRoad Technology, an in-cab device
that monitors 120 driving maneuvers and alerts drivers to unsafe
handling. Ryder will also provide a management team dedicated to
coordinating and monitoring shipments to and from Port Fourchon, La.,
Galveston, Texas, and the Gulf of Mexico Shell operated platforms;
visibility to all movements through its online track and trace
technology and web-based reporting; 24/7 response communication
through the port operations; and a flexible network to support
continuous improvement in safety, service and cost for Shell's Gulf
Coast terminal operations.
"Ryder has developed a continuous improvement process that focuses on
lean initiatives and is committed to safety, service and cost
efficiencies for Shell's Gulf Coast operations," said Ryder's Vice
President of Dedicated Contract Carriage Operations, John Sonia. "We
are especially honored to work with a company that mirrors Ryder's
own commitment to safety and health for its employees and the
communities it serves."
About Shell Exploration and Production Company
Shell Oil Company, including its consolidated companies and its
share in equity companies, is one of America's leading oil and
natural gas producers, natural gas marketers, gasoline marketers and
petrochemical manufacturers. Shell, a leading oil and gas producer in
the deepwater Gulf of Mexico, is a recognized pioneer in oil and gas
exploration and production technology. Shell Oil Company is an
affiliate of the Shell Group, a global group of energy and
petrochemical companies, employing approximately 104,000 people and
operating in more than 110 countries and territories. Shell
Exploration and Production Company (SEPCo), the largest of Shell's
operating units, accounting for 15 percent of Shell worldwide oil and
gas production, to support its Gulf Coast operations.
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 399th on the Fortune 500. 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
(305) 500-3668
Email Contact
Marilu Del Toro
(305) 500-3161
Email Contact
SOURCE: Ryder System, Inc.