News Details

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, today announced its top carrier selections for the 2010 Ryder Carrier Quality Award. This award recognizes excellence through a variety of metrics, including on-time performance, claims handling, customer service, technology applications, economic value and innovation. Ryder places more than $3.7 billion of its customers’ freight on selected carriers in all modes of transportation.

Tim Podvin, General Manager, Global Procurement for Ryder Transportation Management, said, “2010 was a challenging year in transportation due to increased freight volumes and reduced industry capacity. In spite of these complexities, 14 of our carriers excelled in their respective modal category, and we are proud to honor them with our Ryder Carrier Quality Award for 2010.”

“We are pleased to recognize and honor the top-performing 2010 carriers who understand the demanding requirements of our transportation services and share our commitment to helping customers operate more efficiently,” said Ryder Vice President of Global Transportation Management, Dave Belter. “We congratulate this outstanding group of carriers who performed above expectations by delivering exceptional customer service.”

About Ryder

Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder’s stock is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index. Inbound Logistics magazine has recognized Ryder as the top third party logistics provider and included Ryder in its 2010 “50 Green 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.

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.