MIAMI, FL, Jun 03, 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 was honored as a top supplier with the "2007 Qualitas Award" by Fiat Group Brazil, a subsidiary of global automotive manufacturer Fiat Group. Ryder was recognized as a top logistics provider for its performance managing International Transportation.
"Ryder is being recognized as a top supplier for their reliable and flexible logistics services supporting our manufacturing operations in Argentina and Brazil," said Mauricelio Gomes Faria, General Manager of Logistics, Latin America for Fiat Group Brazil. "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."
The annual "Qualitas Award" recognizes Fiat Group Brazil's best suppliers based on different criteria including: proactiveness, consistently positive results, innovation, process improvements, active partnership, international presence, logistical efficiency and flexibility.
"Fiat Group Brazil has a remarkable history of leadership and quality, and Ryder is proud to be a part of this tradition of excellence," said Antonio Wrobleski Filho, Managing Director of Brazil for Ryder. "We are thankful for this award and the Ryder team that supports our valued customer safely and efficiently every day."
Ryder provides Fiat Group Brazil with comprehensive supply chain solutions that drive quality and cost savings throughout their operations in Brazil and Argentina. Ryder serves Iveco -- Fiat Group's truck and commercial vehicle division -- in Argentina and Brazil, and the Fiat Group's automobile business in Brazil and Mexico. Logistics services provided by Ryder include distribution management, inventory tracking, international transportation management, and managing supply flows from predetermined suppliers with regularly scheduled pick-up times and frequency.
About Fiat Group Brazil
Fiat Group Brazil is a subsidiary of global automotive manufacturer Fiat Group. Fiat Group is an industrial group with more than one hundred years' experience in the motor vehicle field, designing, manufacturing and marketing cars, trucks, tractors, agricultural machinery, construction equipment, motor vehicle engines and components, and production systems. The group is present in 190 countries and performs manufacturing and service activities through Operating Sectors, which can be divided into the several business areas: Automobiles, Agricultural and Construction Equipment, Trucks and Commercial Vehicles, Components and Production Systems. For more information, visit
www.fiatgroup.com.
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.