Ryder Named for Fourth Consecutive Year to List of Best Third Party
Logistics and Cold Storage Providers for Food Industry
MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in supply
chain, warehousing, and transportation management solutions, today
announced it has been included in Food Logistics’ sixth annual
listing of the Top 100 3PLs, the leading third-party logistics
providers and cold storage providers for the food industry. Selected for
the fourth consecutive year, Ryder’s inclusion in the list reflects the
company’s expertise in helping food companies achieve best-in-class execution
of their supply chains.
“Food distribution is a very complex business, and 3PLs play a crucial
role in the supply chain,” explains Katherine Doherty, editor-in-chief
of Food Logistics magazine. “While most 3PLs have felt the
effects of the economic downturn, the Top 100 continue to respond to
their customers’ needs and rise to the logistical challenges that
today’s food organizations face.”
This year, Food Logistics added 15 new companies to the list, for
a total of 100 service providers. The magazine’s editorial team reviewed
nominations from end users and solution providers for the final list.
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. 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. Now doing business as Ryder’s CPG industry group, TLC has
also consistently placed in Food Logistics magazine’s Top 3PL
ranking.
Commenting on the recognition from Food Logistics, Ryder’s Vice
President and General Manager of Consumer Packaged Goods for Supply
Chain Solutions, Darin Cooprider, said, “Logistics networks in the food
and packaged goods sector have a unique set of requirements – from FDA
regulations to packaging specifications and point-of-sale promotions.
Ryder is honored to be recognized in this industry leading ranking for
helping our clients navigate through these requirements and ultimately
achieve peak performance in their supply chain.”
The Top 100 3PLs will be featured in the cover story of the
July/August issue of Food Logistics, as well as online at www.foodlogistics.com.
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 the 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 Food Logistics
Food Logistics is published by Cygnus Business Media, a leading
diversified business-to-business media company. The magazine serves the
information needs of food, beverage and consumer packaged goods
executives involved in warehousing, transportation and information
technology, as well as third-party and refrigerated service providers.
Through our print and online products, we provide news, trends and best
practices that help more than 25,000 grocery and foodservice suppliers,
distributors and retailers make better business decisions. On the web at www.foodlogistics.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.