Hummel’s Office Plus Renews Fleet Management Contract with Ryder

Jun 18, 2012

Dependable Service and Predictable Costs Help Hummel’s Deliver for Customers

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, announced today that Hummel’s Office Plus, the largest independent office supply dealer in upstate New York, has renewed its multi-year Full Service Lease contract with Ryder. The contract includes 13 leased straight trucks which support Hummel’s delivery operations serving cities in a 100-mile radius, from Auburn to Amsterdam and Oneonta to Old Forge, New York. Hummel’s has been a Ryder Full Service Lease customer since 2008.

“Prior to beginning our relationship with Ryder four years ago, we were managing our own fleet,” said Chip Hummel , Chairman of Hummel’s Office Plus. “We discovered that while we were really good at our core business of selling office supplies, we were not that good at maintaining our fleet. Our business is built on a reputation for outstanding service to our customers. With our fleet traveling over 500,000 miles a year, including a number of very rural delivery areas, a potential vehicle breakdown would not only prevent us from meeting our customers’ needs, but could also damage our reputation.”

Hummel’s decided to outsource its entire fleet to Ryder to keep their trucks on the road and bring predictability to their fleet operating costs. As a small business operating in a demanding industry, having a reliable and cost-efficient delivery fleet is critical to staying competitive. Hummel’s benefits from Ryder’s comprehensive lease solution, which includes maintenance, driver safety training and other ancillary support services.

“We decided to continue our relationship with Ryder because they do an exceptional job managing our fleet, allowing us to focus on our core business of delivering office supplies to our customers,” said Justin Hummel , CEO. “If we have a breakdown, Ryder gets us back on the road so we can meet our commitments for same-day and next-day delivery. And because our maintenance costs are consistent and predictable, we protect negative impacts to our bottom line.”

Hummel’s is a fourth-generation, family-owned business founded in 1934. The company prides itself on providing exceptional customer service with a personal touch, and makes 99 percent of its deliveries using their 13 truck fleet leased exclusively from Ryder.

“Running a small business is more challenging than ever, so choosing a fleet partner is an important decision,” said John Gleason , Senior Vice President, Sales & Marketing, Ryder Fleet Management Solutions. “We appreciate Hummel’s continued confidence in our ability to help them operate their fleet more efficiently and cost-effectively, so they can focus on driving what matters to them most – serving their customers.”

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 and follow us on Facebook, YouTube, and Twitter.

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.