MIAMI, May 4 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in transportation and supply chain management solutions,
today announced it was named "Global Visteon Important Partner of the Year
2005" by Visteon Corporation (NYSE: VC) for exemplifying "Best in Class"
performance and year-over-year consistent performance.
"We rated Ryder as our best-in-class third-party logistics partner and
recognize Ryder for their year-over-year consistent performance," said
Jonathan K. Maples, Visteon Vice President, Global Purchasing. "With their
highly skilled and motivated team, Ryder has consistently exceeded the
annual savings objectives and implemented creative solutions to complex
logistics issues. Throughout the past five years, Ryder has demonstrated a
very high level of responsibility, consistently meeting our needs and
surpassing expectations."
The Visteon Important Partner (VIP) program is a global program that
was first established in 2001. Winners are selected by Visteon's global
materials management team, with input from Visteon's global product groups
including purchasing, quality, product development and manufacturing.
Selection criteria are focused on supplier performance in terms of quality,
delivery, value, technical capability and customer service. Award
recipients must achieve 100 percent concurrence across all customer
functions and operating regions to confirm that they have demonstrated the
high level of performance that Visteon promotes within its supply base.
Supplier awards were granted for the following areas: metals, non-metals,
non-production goods and services, electronics, transportation and local
supplier of the year.
"Ryder is proud to be a part of the success of a company that is
devoted to excellence and committed to providing quality products and
outstanding service to its customers," said Ryder President of U.S Supply
Chain Solutions Vicki O'Meara. "Ryder is honored to once again receive this
recognition for providing supply chain innovations and operational
excellence in partnership with Visteon throughout the years."
About Visteon Corporation
Visteon Corporation is a leading global automotive supplier that
designs, engineers and manufactures innovative climate, interior,
electronic and lighting products for vehicle manufacturers, and also
provides a range of products and services to aftermarket customers. With
corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and
Kerpen, Germany; the company has more than 170 facilities in 24 countries
and employs approximately 50,000 people. For more information about Visteon
Corporation visit http://www.visteon.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 .
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, our failure to successfully
implement new growth initiatives in our FMS 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 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, 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 the 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
http://www.visteon.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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