Ryder Ranks among Top Five Third Party Logistics Providers for 14th
Consecutive Year
MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE:R), a leader in supply
chain, warehousing and transportation management solutions, today
announced it has been selected as one of the winners of Inbound
Logistics’ annual Top
10 3PL Excellence Awards. Earning the second place on the list by
this leading publication, Ryder ranked among the top five companies for
the fourteenth consecutive year.
“In this environment of continued economic uncertainty, shippers need to
know they can turn to their third party logistics providers for guidance
and flexibility,” said Felecia Stratton, editor of Inbound Logistics.
“The 3PLs that were selected for the Top 10 3PL Excellence Awards place
customer service above all else and provide the proactive solutions that
help shippers adapt to changing economic trends. For its focus on
customer service, and its use of lean principles to gain cost-savings
and efficiencies, Inbound Logistics recognizes Ryder as an
industry leader,” she added.
More than 10,270 Inbound Logistics readers cast their votes as
part of the annual Readers' Choice Top 10 3PL Excellence survey.
Respondents related the ways in which they count on their third party
logistics provider for support. “Ryder works to be a value-added partner
by innovating and reinventing the way they do business,” said one
reader, as reported by Inbound Logistics.
Commenting on the award, Ryder’s President of Global Supply Chain
Solutions John Williford said, “Ryder brings deep expertise, proven best
practices, lean methodologies, and a commitment to achieve the
operational execution our customers seek. We’re honored to have been
selected as a leader once again.”
Ryder’s Supply Chain Solutions (SCS) business segment provides
comprehensive supply chain management services that include network
design, distribution
management, transportation
management, dedicated
contract carriage, and reverse
logistics. Headquartered in Miami, Ryder’s network includes more
than 200 warehouses, 160,000 vehicles, and regional offices in Canada,
Mexico, China, Singapore and the United Kingdom. In 2010, Ryder
significantly enhanced its capabilities in the food
and beverage sector with the acquisition of Total Logistic Control
(TLC), a Michigan-based third-party logistics provider. Through the
acquisition of TLC, Ryder gained 34 facilities representing 10.6 million
square feet of dry and temperature-controlled warehousing space, and
extensive packaging
capabilities. Today, Ryder SCS manages a distribution footprint of more
than 27 million square feet globally.
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 2010
and 2011 “Green Supply Chain Partners” listing. Ryder also ranked 114
out of the top 500 U.S. companies and sixth in its industry sector in
the 2010 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 on Ryder System, Inc., visit www.ryder.com.
About Inbound Logistics
Inbound Logistics is the leading trade magazine targeted toward
business logistics and supply chain managers. The magazine’s editorial
mission is to help companies of all sizes better manage corporate
resources by speeding and reducing inventory and supporting
infrastructure, and better matching demand signals to supply lines. More
information is available at www.inboundlogistics.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.
Source: Ryder System, Inc.