- Ryder to Manage Six U.S.-based LG Distribution Facilities of Three Million
Square-feet -
MIAMI, April 18 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in supply chain, warehousing and transportation solutions, today
announced that LG Electronics USA, Inc., the $7-billion subsidiary of the
multi-national technology leader, has selected Ryder to design and manage its
U.S. consumer electronics and home appliance product warehousing,
transportation and outbound delivery network to its diverse and growing
channels of distribution.
When the multi-year contract is fully implemented, Ryder is expected to
manage warehouse facilities in New Jersey, California, Illinois, Georgia,
Florida and Oregon, comprising nearly three million square-feet. Ryder also
will provide value-added warehouse services and a carrier-transportation
procurement solution customized for LG. Terms were not disclosed.
"Because of our explosive growth in the United States, LG Electronics was
seeking the right supply chain solutions provider to help us manage our growth
and deliver improved efficiency and customer service," said Victor Nuila, Vice
President, Logistics, LG Electronics USA, Inc. "Ryder has the reputation,
capabilities and responsiveness to assist LG in achieving its aggressive
goals."
"LG Electronics' supply chain capabilities need to expand at an
accelerated rate to keep pace with its incredible growth to maximize
profitability and expand its market presence," said Tony Tegnelia, Executive
Vice President of U.S. Supply Chain Solutions for Ryder. "Ryder's strategic
role in LG's business will allow management to focus on their core product,
technology and marketing strengths, while further enhancing customer service
and improving speed to market."
About LG Electronics USA
Based in Englewood Cliffs, N.J., LG Electronics USA, Inc., (LGEUS) is the
North American subsidiary of LG Electronics, Inc., a $30-billion global leader
in consumer electronics, information technology and communications products,
headquartered in Seoul, South Korea. LGEUS comprises four core business areas:
consumer electronics, home appliances, information technology products and
mobile phones. In providing cutting-edge, performance-driven products for the
largest digital market in the world, LGEUS's goal is to enable the intelligent
networking of digital products that will make consumers' lives better and
deliver on the promise of its "LG: Life's Good" marketing theme. For more
information, please visit http://www.lgusa.com .
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 .
SOURCE Ryder System, Inc.
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Related links:
http://www.ryder.com
http://www.lgusa.com
CONTACT:
Lisa Brumfield, Ryder System, Inc.,
+1-305-500-3668, or Lisa_Brumfield@Ryder.com; or John Taylor, LG
Electronics, +1-847-941-8181, or JTaylor@lge.com
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