MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, today announced that it was recognized as a leader
within the May 2017 Magic Quadrant for Third-Party Logistics, North
America by Gartner, the world's leading information technology research
and advisory company. A leader is the highest possible position within
the quadrant. The Magic Quadrant evaluates 18 “third-party logistics
providers in North America to demonstrate how these 3PLs compare with
each other across a variety of detailed criteria. These criteria are
designed to define ‘what good looks like’ for logistics providers in the
region based on capabilities, strategies, services, and operating models
that customers prefer when formulating their 3PL portfolio.”
“It’s an honor to be named a leader among other 3PLs in the industry,”
said Steve Sensing, President of Supply Chain Solutions, Ryder.
“Gartner’s Magic Quadrant is a highly respected key resource for supply
chain leaders. We believe it adds further credibility to Ryder’s
longstanding experience as a leading supply chain solutions provider in
the market, working as the secret ingredient to support some of the
best-run supply chains in the world with world-class execution and
innovative solutions across North America.”
Ryder Supply
Chain Solutions optimizes logistics networks to make them more
responsive and able to be leveraged as a competitive advantage.
Globally-recognized brands in the automotive, consumer goods, food and
beverage, healthcare, industrial, oil and gas, technology, and retail
industries rely on Ryder’s leading technologies and world-class
logistics engineers to help them deliver the goods that consumers use
every day. Ryder’s LEAN culture helps businesses achieve peak
performance and increase profitability and efficiency – all while
improving quality. Operating 189 facilities with 44 million square feet
of warehouse space, Ryder offers flexible solutions as well as
end-to-end visibility – no matter how challenging or diverse the storage
and distribution needs may be. Ryder currently provides comprehensive
logistics and supply chain management solutions to companies with
operations in the U.S., Canada, Mexico, the U.K., and Singapore, and
also contracts with more than 2,100 providers of all modes of
transportation in the markets it serves.
According to Gartner, “Leaders rate well on the highly weighted criteria
for both Ability to Execute and Completeness of Vision. These strong
performing and full-service 3PL providers offer a broader portfolio of
logistics functions and typically value-added services that span the
end-to-end supply chain and have specific industry variations that
customers can leverage. They understand North American logistics market
drivers, regional nuances and customer needs, and translate that
understanding into service offerings that are locally fit for purpose
and supported by the use of leading technologies. Leaders have
well-structured strategies and business models that support the
continued expansion of their regional capabilities and services
coverage. Leaders are trusted and relied on by customers to help them
achieve top logistics performance within the U.S., Canada and Mexico.”
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in
its research publications, and does not advise technology users to
select only those vendors with the highest ratings or other designation.
Gartner research publications consist of the opinions of Gartner's
research organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with respect to
this research, including any warranties of merchantability or fitness
for a particular purpose.
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
S&P MidCap 400® 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
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and YouTube.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170621005123/en/
Source: Ryder System, Inc.