MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in supply
chain, warehousing and transportation management solutions, today
announced it has earned Logistics Management magazine’s “Quest
for Quality” award for the fourth year in a row in recognition of
outstanding performance in the Third-Party Logistics (3PL) category. The
Quest for Quality Awards recognize the best-performing transportation
and logistics service providers, as ranked by Logistics Management
readers. For this year’s recognition, more than 5,000 qualified buyers
of logistics and transportation services cast their votes.
“The Quest for Quality Award reinforces that achieving excellence in
supply chain execution is more important than ever in the logistics
industry," said Ryder’s President of Global Supply Chain Solutions John
Williford. “As supply chains have grown more complex, and
inventory-to-sales ratios have continued to decline, consistent reliable
performance has become more important than ever. We are proud to receive
this recognition for helping our clients operate leaner and continuously
improve their operations.”
In the Quest for Quality Awards survey, third party logistics providers
were evaluated on key performance criteria such as carrier selection and
negotiation, order fulfillment, transportation and distribution,
inventory management, and logistics information systems. Final
recipients will be featured in the August issue of Logistics
Management.
“Considering the challenging environment in which carriers and 3PLs
found themselves operating over the past 12 months, the editorial staff
of Logistics Management agrees that walking away with a Quest for
Quality Award in 2011 is an extraordinary achievement,” said Michael
Levans, Group Editorial Director of Peerless Media’s Supply Chain Group.
“Winning a Quest for Quality in these times is the ultimate vote of
confidence.”
About Logistics Management
Logistics Management serves executives, managers and other
professionals in the field of logistics and supply chain management.
Editorial coverage includes comprehensive information about the role of
logistics in today's business practices covering all modes of
transportation services and the ever-growing impact of new technologies
through the supply chain. On the web at www.logisticsmgmt.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 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.