MIAMI, FL, Jul 29, 2008 (MARKET WIRE via COMTEX News Network) -- Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today announced it has been awarded a Dedicated Contract Carriage (DCC) and Transportation Management contract with Master Halco, Inc., the world's leading distributor and manufacturer of perimeter security and fencing.
"Our partnership with Ryder continues to expand as a direct result of our enhanced performance capabilities and quality products and service we deliver to our customers," said Steve Smiley, Master Halco's Vice President, Strategic Supply & Logistics. "We have confidence in Ryder's transportation and logistics capabilities and expertise to drive operational excellence throughout our operations."
Under the contract, Ryder will assume all private fleet responsibilities for Master Halco's 48 U.S. and six Canada locations utilizing a turnkey package that includes 116 vehicles, drivers, fleet management, and preventive and programmed maintenance for the equipment.
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.
"Ryder looks forward to implementing best practices and processes throughout Master Halco's transportation operations to support their industry-leading manufacturing and distribution operations," said Rosario Rizzo, Ryder's SVP and General Manager, Dedicated Contract Carriage.
Additionally, Ryder will develop and manage a customized transportation solution and common processes across the entire Master Halco enterprise for common carrier services, combining leading technology, a dedicated team, and a clear understanding of Master Halco's distribution requirements, supporting their transportation network to their end customer base.
About Master Halco, Inc.
Founded in 1961 and based in Orange, California, Master Halco is the world's leading distributor and manufacturer of perimeter security and fencing. The company operates manufacturing plants, regional distribution centers, corporate and branch offices from over 60 sites strategically located across the U.S. and Canada. Master Halco serves professional fencing contractors, high security integrators, and quality building materials retailers throughout North America. With a nationwide network of more than 200 field sales staff and customer service representatives, the company offers its customers the highest standard of service and support in the industry. Master Halco operates the consumer and business-to-business resource web site
www.FenceOnline.com as well as its corporate web site MasterHalcoSecurity.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:
Marilu Del Toro
(305) 500-3161
Marilu Email Contact
Lisa Brumfield Hagen
(305) 500-3668
Email Contact
SOURCE: Ryder System, Inc.