MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in commercial transportation and
supply chain management solutions, announced it has been selected by
Illinois-based Andrew Distribution, Inc., a leading regional provider of
transportation and distribution services for publishers, to provide 18
new straight trucks under a Full Service Lease agreement. With a Full
Service Lease, Ryder acquires vehicles according to the customer’s
specifications, provides financing, maintenance and fleet support
services, and then manages vehicle disposal. The trucks will be used to
support Andrew’s distribution and delivery operations for a major daily
newspaper in the Milwaukee, WI market. This is the first time Andrew
Distribution has leased a portion of its fleet.
An Andrew Distribution straight truck leased from Ryder (Photo: Business Wire)
“In the newspaper industry, on-time deliveries are absolutely critical,”
said
Andrew Malek
, Vice President, Andrew Distribution. “Our business
depends on having a fleet of well-maintained vehicles to ensure our
customers get their deliveries when and where they need them.”
Andrew Distribution has been renting trucks from Ryder during the past
four years to supplement its existing private fleet of more than 80
vehicles. When the company quickly needed to expand its fleet with 18
additional trucks to support a new customer account, it decided to lease
the vehicles from Ryder.
“Working with Ryder, we were able to quickly acquire the specific trucks
we needed without having to make an ownership investment,” continued Mr.
Malek. “Ryder’s maintenance program prevents breakdowns and keeps our
vehicles on the road, which means better service and lower costs. Our
promise to our customers is to offer the most reliable service possible
at a reasonable rate. Leasing trucks from Ryder helps us to deliver on
this promise.”
Andrew Distribution is currently responsible for the sorting,
distribution, and monetary collections of over 1,700 magazine titles,
newspapers, and books in IL, OH, WI, MN, KY, MS, IA, IN, and MI
including over 900 Chicago-area locations, serviced daily, year round
including holidays. The company currently employs over 100 employees and
runs its fleet on a daily basis. Andrew’s Chicago distribution facility
spans over 20,000 square feet.
“The increased complexity of commercial vehicle technology and
maintenance requirements, new regulatory safety and emissions standards,
and tighter capital availability, all make managing a fleet more costly
and challenging than ever,” said
Dennis Cooke
, President, Global Fleet
Management Solutions for Ryder. “When companies like Andrew Distribution
chose Ryder to manage their fleets and address these challenges, they
can focus on driving what matters to them – managing their core
businesses and servicing 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 green supply chain partner.
Ryder has also been ranked three 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130325005014/en/
Source: Ryder System, Inc.