Recognized for Minority Business Enterprise (MBE) Development Efforts
in Supplier Diversity Program
MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE:R), a leader in transportation and supply chain
management solutions, today announced that it has earned special
recognition from Toyota Motor Engineering & Manufacturing North America
Inc. (TEMA) at its annual supplier business meetings (ABM) on March 13.
Held at the Northern Kentucky Convention Center in Covington, ABM brings
together approximately 900 attendees from across North America.
“We pride ourselves on our high level of operational execution and
supply chain expertise built by Ryder over the past eight decades,” said
Richard (Dick) J. Jennings, Vice President and General Manager of
Automotive, Aerospace and Industrials for Ryder Supply Chain Solutions.
“Our success would not be possible without the valuable contributions of
our diverse suppliers who help us maximize innovation, growth,
competitiveness and excellence in customer satisfaction. We are grateful
to Toyota for this recognition of our progress with our Supplier
Diversity Program and for a relationship that continues to flourish
after 23 years.”
ABM allows TEMA to discuss business objectives with direct and indirect
suppliers in preparation for its upcoming fiscal year. Every year, TEMA
recognizes suppliers who exceeded the company’s expectations in several
categories.
"Toyota works closely with each supplier partner in order to build our
top quality vehicles," stated Robert Young, TEMA’s purchasing vice
president. “This event emphasizes our suppliers’ commitment to
flexibility and continuous improvement. This allows Toyota to focus on
building safe and reliable products.”
In the U.S. alone, there are about 50,000 supplier jobs dedicated to
Toyota across more than 30 states. In addition, Toyota collectively
spent nearly $25 billion on parts, goods and services last year in North
America.
Ryder provides Toyota with logistics support that includes pick-up and
delivery of service parts to Toyota’s service parts logistics network
throughout the U.S., Canada, and Mexico.
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.