-- Ryder Selected for Vast Distribution Network and Last-Mile
Delivery Capability in U.S. and Canada --
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in transportation and supply chain
management solutions, today announced it has been awarded a contract to
provide distribution management and last-mile delivery services in the
U.S. and Canada for ColdTech
Commercial, a division of leading consumer appliance company, Danby
Products. Under the contract, Ryder will provide warehouse
management at four distribution facilities for ColdTech in Vancouver,
Toronto, Atlanta, and Ontario, Calif., and last-mile delivery throughout
North America.
As the commercial products division of Danby, ColdTech Commercial
manufactures and sells commercial refrigeration products, such as
refrigerators, freezers, pizza and sandwich prep tables, and under
counter fridges and freezers, among other products. Unlike competitors
in the commercial refrigeration market whose products and services are
sold through a dealer network with long lead-times, ColdTech sells
directly to its end customers through an online portal and provides 24/7
customer service. An efficient distribution system supported by Ryder is
a key part of their strategy of serving customers more quickly.
“In evaluating whether to hire a third party logistics provider,
ColdTech was looking for a supply chain partner that could provide both
a large supply chain network across North America and the flexibility to
adapt to the anticipated growth of the business,” said Domenic Dotto,
General Manager, ColdTech Commercial. “We’re pleased to be partnering
with a company of Ryder’s caliber and reputation for delivering
best-in-class execution.”
By tapping into Ryder’s network of distribution facilities, ColdTech
will gain the ability to leverage available space in geographically key
areas of North America that will minimize transit time and facilitate
faster response times to ColdTech customers. Ryder will also be able to
offer full-country coverage in both the U.S. and Canada for its
last-mile delivery and full visibility into its product deliveries
through a robust shipment tracking system. In addition to the local
management teams at each of the four facilities, Ryder administrative
and customer service functions for ColdTech will be centralized at a
Ryder-operated facility in Roanoke, Texas.
“Ryder operates a vast network of multi-client distribution facilities
throughout North America that we can place at our customers’ disposal to
meet their changing needs; reliable carrier partners with whom we have
worked for many years to offer last-mile delivery; deep expertise in
managing white goods supply chains; and a focus on excellence in
execution,” said Steve Sensing, Vice President and General Manager of
the Hi-Tech/Electronics Group, Supply Chain Solutions, Ryder. “We’re
pleased to bring these capabilities to ColdTech and help position them
for growth.”
About ColdTech Commercial
ColdTech Commercial is a Culinary Cool, North American commercial
refrigeration company servicing the restaurant and food service
community from its online store http://www.coldtechcommercial.com.
From prep tables to fridges and freezers, ColdTech Commercial has the
best warranty in commercial refrigeration. It is a member of the
National Restaurant Association and Canadian Restaurant and Food Service
Association. For more information, visit http://www.coldtechcommercial.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 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.