MIAMI, March 29 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in supply chain, warehousing and transportation management
solutions, today announced that Royal Mouldings Limited (NYSE: RYG), North
America's largest marketer and manufacturer of Cellular Vinyl(TM) extrusion
components and decorative polymer mouldings, has extended its multi-year
contract with Ryder for Dedicated Contract Carriage (DCC) services and has
added Ryder's Transportation Management services which include carrier
procurement and management, and freight bill audit and payment.
"Ryder has been a valued logistics service provider for nearly 12 years
and has worked closely with us in improving customer service and driving
efficiencies throughout our supply chain," said Gary Peacock, Vice President
of Operations for Royal Mouldings. "Our decision to outsource additional
transportation functions to Ryder was primarily driven by their expertise and
ability to leverage their buying power, which allows us to focus on developing
our product line while lowering transportation costs."
Ryder's supply chain services provide a customized package of dedicated
contract carriage and transportation management services that allows
customers' management to focus on core business issues. Ryder provides these
services through turnkey transportation solutions that include vehicles,
drivers, management, carrier procurement and carrier management, technology
and processes. Under the agreement, Ryder manages the pickup of products from
Royal Moulding's distribution facility in Marion, Virginia and outbound
delivery to more than 1,000 retail locations in 48 states.
"Royal Mouldings is an industry leader because they continuously develop
new and innovative products to meet emerging customer needs," said Ryder
President of U.S. Supply Chain Solutions Vicki O'Meara. "We're grateful that
we've earned the opportunity to expand our work with a company of such high
standards."
About Royal Mouldings Limited
Royal Mouldings is a member of the Royal Group of Companies, a vertically
integrated manufacturer of technologically advanced, polymer-based home
improvement, consumer and construction products. Royal Mouldings began in
1963 as a manufacturer of pre-finished wood mouldings to match wall paneling.
Today, Royal Mouldings is the largest marketer and manufacturer of decorative
polymer mouldings and Cellular Vinyl(TM) extrusion components and systems in
the United States. Royal Mouldings' products are used for interior and
exterior mouldings and as components used in the fabrication of windows, doors
and shutters.
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 press release 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, changes in financial, tax or regulatory requirements or
changes in customers' business environments that 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, labor strikes or work
stoppages affecting our or our customers' business operations, adequacy of
accounting estimates and accruals, changes in general economic conditions,
sudden changes in fuel prices, availability of qualified drivers, our ability
to manage our cost structure, changes in government regulations, including
regulations regarding vehicle emissions and risks described in our filings
with the Securities and Exchange Commission. 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.
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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
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