- Ryder to Provide More Than 250 Full Service Lease Units and Additional
On-site Maintenance Services for Refrigerated Trailers -
MIAMI, June 5 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in transportation and supply chain management solutions,
today announced that Sherwood Food Distributors, a privately held national
distributor of fresh and frozen meat, poultry and deli products, has
renewed its contract and expanded its fleet through Ryder's Full Service
Lease (FSL) product offering.
"We have counted on Ryder since 1982 and they continue to be a solid
partner that is a true extension of Sherwood," said Sherwood's Vice
President of Transportation, Phil Walega. "They service our customers every
day by providing quality, reliable equipment that ensures our ability to
deliver goods to our customers where they want it, on time and at
competitive prices. Ryder's uncompromising, longstanding commitment to
provide quality proactive fleet management services translates into our
promise of customer service. That's what a true partnership is all about."
Under the multi-year contract, Ryder supports Sherwood's transportation
operations with a full service lease solution providing a combined fleet of
more than 250 power units and refrigerated trailers. Ryder also provides
contract maintenance services for refrigerated trailers owned by Sherwood.
Ryder performs maintenance services for the leased fleet and for Sherwood's
trailers on site at Sherwood's locations in Detroit, Michigan, and Maple
Heights, Ohio.
Ryder's FSL and maintenance service offering is a customized
transportation solution that provides customers with vehicles and a variety
of support services including: emergency roadside assistance; preventive
maintenance services; fueling; equipment evaluations and specifications;
administrative support; and driver safety services.
"Ryder's extensive experience in the food and beverage industry,
coupled with the continuous support of Sherwood Food Distributors'
management, allows us to quickly assess each location's specific
transportation and maintenance needs and work accordingly to help meet key
business objectives," said Tony Tegnelia, President of U.S. Fleet
Management Solutions for Ryder. "We are confident that our solution will
enable Sherwood to run a more efficient business with excellent customer
service."
About Sherwood Food Distributors
Founded in 1987, Sherwood Food Distributors is a privately held
national distributor of fresh and frozen meat, poultry and deli products
serving nearly half the United States with a vast network of offices and
distribution sites stretching from Dallas to Buffalo. Sherwood's huge
inventory of more than 800,000 cases in stock, logistical management
expertise and technology ensure that their customers' facilities and buying
programs are successful. Sherwood delivers 12 million pounds of products a
week to nearly 5,000 customers while maintaining a tradition of service,
quality and innovation. Additional information about Sherwood Food
Distributors is available at http://www.Sherwoodfoods.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.Sherwoodfoods.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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