Ryder to manage Hunter Fan warehouse operations and oversee
multi-client distribution facility in Memphis, Tenn.
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial transportation and
supply chain management solutions, today announced it has been selected
by Hunter
Fan, the world’s original ceiling fan manufacturer, to manage the
company’s one million square foot distribution
center in Memphis, Tenn. The operation is staffed by Ryder employees
responsible for shipping and receiving, inventory management, order
consolidation, and value-added services supporting the delivery of
Hunter Fan branded products to retailers nationwide.
Hunter Fan will occupy approximately 400,000 square feet of the
facility. The remaining space is open to other businesses that require
warehousing and distribution capabilities, but don’t have the need for a
dedicated facility.
“With this arrangement, Hunter Fan will benefit from Ryder’s lean
logistics expertise to optimize productivity and drive continuous
improvement,” said
Steve Sensing
, Vice President, Hi-Tech, Consumer &
Commercial Electronics, Ryder Supply Chain Solutions. “At the same time,
Ryder will help Hunter Fan offset the costs of their facility by filling
the remaining space with products of other businesses that have smaller
distribution needs.”
Ryder’s lean
logistics solutions enable customers to operate with an optimal
labor base, eliminate waste by empowering and rewarding employees at all
levels, build quality into supply chain processes, and lower costs.
Leveraging Ryder's lean supply chain culture, Hunter Fan also looks to
realize increased efficiency, improved inventory accuracy, reduced cycle
times, order-to-cash cycles, obsolescence, and carrying costs.
“We are delighted to announce our partnership with Ryder,” said
Brian
Hatfield
, Vice President of Supply Chain for Hunter Fan. “As we have
enhanced our supply chain, we are shipping directly from our
manufacturing plants to our large customers and distributors, opening
space in our domestic distribution center. Ryder was selected due to
their expertise in warehouse management, which will help lower
operational costs, fill our open space, and overall off-set our fixed
expenses.”
The Hunter Fan facility features a 40-door cross dock, 36 foot high
ceilings, very narrow aisle racking, card access security, and closed
circuit television systems.
Multi-client
distribution operations enable businesses to realize significant
savings, with all fixed costs being shared across companies and
according to their respective volumes. Ryder operates a vast network of
multi-client distribution facilities throughout North America to help
customers meet their changing needs. For more information, visit http://www.ryder.com/supply-chain/contact-us.aspx.
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 Disaster Responder
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.
About Hunter Fan Company
Founded in 1886 and headquartered in Memphis, Tenn., Hunter Fan Co. is
the world’s original ceiling fan manufacturer. For over 125 years,
Hunter Fan Co. has led the industry in innovative design and quality
craftsmanship to deliver maximum air movement and unmatched performance
consumers can count on for generations to come. Hunter ceiling fans are
available at lighting showrooms, home centers and online retailers
nationwide. For more information, visit www.HunterFan.com,
or call 1-888-830-1326.
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.