- Ryder Honored for Quality of Execution and Service Supporting
Cisco’s Reverse Logistics Network-
MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in supply
chain, warehousing, and transportation management solutions, today
announced it has received the 2011 “Best Service Logistics Supplier”
award from Cisco. This prestigious award recognizes Ryder for working
hard to exceed Cisco’s customer expectations for service supply chain
innovation and collaboration within the Cisco service ecosystem. The
distinction was awarded during Cisco’s 20th annual Supplier
Appreciation Event held in September at the Santa Clara Convention
Center.
“Ryder has shown remarkable collaboration and consistently maintained
the highest levels in delivery performance,” said Rick Harris, Director
of Service Supply Chain Delivery Operations, Cisco. “The Ryder team’s
focus on innovation and process improvement resulted in solid cost
savings, operational efficiencies, and productivity gains. In addition,
their energy conservation initiative drove a substantial reduction in
energy consumption supporting our vision of a sustainable future.”
Cisco presented awards to suppliers in recognition of their
contributions to Cisco’s success in fiscal year 2011. At the event,
Cisco celebrated the shared successes of its global value chain with
strategic suppliers and manufacturing partners and reaffirmed its
commitment to a strong, continued partnership that will further
accelerate innovation.
“Ryder is proud to be a part of Cisco’s tradition of innovation and
operational excellence,” said John Williford, President of Global Supply
Chain Solutions, Ryder. “We are honored to receive this award and look
forward to building on our 12-year relationship with Cisco to continue
providing innovative, flexible solutions that exceed their customers’
expectations and drive Cisco’s growth and profitability.”
Ryder first began serving Cisco in 2000 by providing reverse logistics
services, including managing domestic shipments of warranty replacement
components to Cisco’s customers and stock replenishments to Cisco’s
rapid fulfillment depots. Today, the Ryder facility in Roanoke, Texas,
has grown into a 144,000-square-foot Global Distribution Center (GDC)
for Cisco. Services have also expanded to include configuration and
software duplication services for top tier customers; international
replenishment shipments to distribution centers abroad; compliance
auditing; export documentation creation and retention; item
weight/dimensions reporting and maintenance; engineering change order
requests to ensure manufacture revision compliance; and a re-box /
re-label program on global stock purges.
Some of Ryder’s performance achievements in FY 2011 included a same-day
delivery rate of 99.98% on next business day orders; a facility re-lay
project that decreased travel distance by 38% and increased storage
capacity by 28%; and significant cost-savings achieved through light
repairs performed at the Ryder Configuration Center, among others.
For fiscal year 2010, Cisco also presented Ryder with Vendor of the Year
awards for both Innovation and Distribution/Warehousing.
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 included Ryder in its 2011
and 2010 “Green Partners” listing. Ryder has also been ranked two 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
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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.