MIAMI, FL -- (Marketwire) -- 08/13/09 -- Ryder System, Inc. (NYSE: R), a leader in supply
chain, warehousing and transportation management solutions, today announced
that The Procter & Gamble Company (NYSE: PG) has selected Ryder to manage a
component of its U.S./Mexico Logistics Network, including cross-border
transportation operations.
Ryder's North America Logistics Network provides a seamless, end-to-end
solution to manage material and product flows. Utilizing innovative
technology, highly trained logistics professionals, and proven processes,
Ryder's North America Logistics Network solution provides complete supply
chain visibility and transportation optimization resulting in freight
consolidation, reduced transit time, and exceptional safety and security
processes to the cross-border operations.
Commenting on the P&G relationship, Ryder President of Supply Chain
Solutions, John Williford, said, "We have developed an exciting Control
Tower service where we take advantage of our technology and execution
skills to put in place a solution with significantly less inventory and
cycle times. We are pleased to work with a company of such high standards
and look forward to using our expertise to drive value and service
throughout the P&G logistics network."
About Ryder
Ryder provides leading-edge transportation, logistics and supply chain
management solutions worldwide. Ryder's stock (NYSE: R) is a component of
the Dow Jones Transportation Average and the Standard & Poor's 500 Index.
Ryder ranks 399th on the Fortune 500. For more information on Ryder
System, Inc., visit www.ryder.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.
For Information Contact:
Lisa Brumfield Hagen
(305) 500-3668
Email Contact
Marilu Del Toro
(305) 500-3161
Email Contact