Company Continues to Rely on Ryder for Enhanced Customer Service,
Optimized Transportation Efficiencies, and Cost Savings
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial
fleet management, dedicated
transportation, and supply
chain solutions, today announced that True Value Company — one of
the world’s largest retailer-owned wholesale hardware cooperatives with
approximately 4,400 independent retailer locations worldwide — is in the
process of converting its fleet of leased and company-owned vehicles to
now include professional drivers, routing, and scheduling services
provided under a Ryder Dedicated Transportation Solutions (DTS)
agreement. Under the DTS agreement, Ryder has already begun to manage
the transportation services at 10 of True Value’s 12 distribution
centers across the U.S. and is providing the company with access to
highly skilled professional drivers, specialized vehicles, and expert
maintenance.
TWEET THIS: @TrueValue Selects @RyderPR for Dedicated Transportation
Solutions
“It has truly been a pleasure to have True Value as a loyal Ryder
customer for more than 40 years,” said John Diez, President of Ryder
Dedicated Transportation Solutions. “Over time, we have gotten to know
True Value’s business intimately, which has enabled us to help them grow
with ease and efficiency. We are pleased to expand our longstanding
partnership with True Value, as we remain committed to providing them
with unparalleled customer service.”
Prior to 2015, True Value leased or owned its fleet, consisting of 275
tractors and 700 trailers. Due to the acute driver shortage facing the
industry as a whole, it became increasingly difficult for the company to
recruit its own drivers. With a dedicated solution, True Value can
leverage Ryder’s expertise in driver recruiting and retention so that it
is better able to focus its time and resources on its business and what
it does best.
“Our busiest season is in the spring, which is when we need the greatest
level of flexibility,” said Rob Saper, Divisional Vice President Supply
Chain Operations, True Value. “Given the inability to lease tractors on
a seasonal basis and with drivers being tougher to source, we needed a
company like Ryder to step in to help us better serve our retailers
through greater flexibility with access to more resources.”
With Ryder, True Value has access to more productivity tools such as
optimization software and tracking/tracing technology, all of which aid
True Value in developing new strategic initiatives.
“Ryder has been extremely responsive to our service needs, which makes
us both confident and excited about our continued partnership with them
and the future of our business,” said Mr. Saper.
True Value is a company with a proud heritage of supporting the growth
and success of independent retailers. Their diverse group of retailers
operates True Value stores and specialty businesses in thousands of
communities in the United States and around the globe.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and the
Standard & Poor’s 500 Index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company 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 our Online
Newsroom, Facebook,
LinkedIn,
Twitter,
and YouTube.
About True Value
True Value Company, headquartered in Chicago, is one of the world’s
largest retailer-owned wholesale hardware cooperatives with gross
billings of over $2.0 billion and revenue of $1.5 billion in 2014. The
True Value cooperative includes approximately 4,400 independent retailer
locations worldwide operating under the store identities of True Value,
Grand Rental Station, Taylor Rental, Party Central, Home & Garden
Showplace and Induserve Supply. Additional information on True Value and
its retail identities is available at www.truevaluecompany.com.
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.
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Source: Ryder System, Inc.