- San Antonio Plant Has Capacity to Produce 200,000 Tundra Pickup Trucks -
MIAMI, Jan. 23 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in supply chain, warehousing and transportation management
solutions, today announced it has been awarded a contract by Toyota Motor
Manufacturing North America, Inc. (TMMNA).
Under the contract, Ryder will support Toyota's new assembly plant in San
Antonio, Texas, providing lead logistics management and operations services
from supplier and network facility locations in the United States, Canada and
Mexico. Utilizing logistics planners, 180 drivers and a fleet of nearly 270
vehicles, Ryder will also provide the pick-up of parts from five states in the
MidSouth and Southwestern United States and all deliveries to the San Antonio
production facility. Production will begin in late 2006 at this facility,
which has the capacity to produce 200,000 Tundra pickup trucks.
Ryder was Toyota's first North American logistics provider, selected in
1987 for the Georgetown, Kentucky plant. Today Ryder provides logistics
services for Toyota at locations in Kentucky, Michigan, Tennessee, California,
West Virginia, Canada, Argentina and Mexico. Ryder also provides in-house
logistics design services at Toyota Motor Manufacturing North America's
headquarters in Erlanger, Kentucky.
"Ryder is extremely pleased to continue its strong partnership with
Toyota," said Ryder President of U.S. Supply Chain Solutions, Vicki O'Meara.
"We look forward to continually improving the operations and quality processes
we execute that drive efficiencies and value for Toyota and its customers."
About Ryder
Ryder is a Fortune 500 company providing 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. For more information about Ryder System, Inc.,
visit http://www.ryder.com .
Note Regarding Forward-Looking Statements: Certain statements and
information included in this presentation are "forward-looking statements"
under the Federal Private Securities Litigation Reform Act of 1995.
Accordingly, these forward-looking statements should be evaluated with
consideration given to the many risks and uncertainties inherent in our
business that could cause actual results and events to differ materially from
those in the forward-looking statements. Important factors that could cause
such differences include, among others, our ability to obtain adequate profit
margins for our services, our inability to maintain current pricing levels due
to customer acceptance or competition, customer retention levels, unexpected
volume declines, loss of key customers in the Supply Chain Solutions (SCS)
business segment, unexpected reserves or write-offs due to the deterioration
of the credit worthiness or bankruptcy of certain customers in our SCS
business segment, the possibility that changes in customers' business
environments will limit their ability to commit to long-term vehicle leases,
changes in market conditions affecting the commercial rental market or the
sale of used vehicles, increased competition from vehicle manufacturers and
large service providers, higher borrowing costs and possible decreases in
available funding sources caused by adverse changes in debt ratings, changes
in accounting assumptions, adequacy of accounting accruals, changes in general
economic conditions, unexpected reserves or losses due to the effects of
recent hurricanes on our operations and the economy, increases in fuel prices,
availability of qualified drivers, our ability to manage our cost structure
and changes in government regulations, including regulations regarding vehicle
emissions. The risks included here are not exhaustive. New risks emerge from
time to time and 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.
 back to top
Related links:
http://www.ryder.com
CONTACT:
Lisa Brumfield, +1-305-500-3668, or
Lisa_Brumfield@Ryder.com, or Edward Rifenburg, +1-305-500-4161,
or Edward_Rifenburg@Ryder.com, both of Ryder System
|
