MIAMI, June 28 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R),
a global leader in supply chain, warehousing and transportation management
solutions, today announced it received the 2005 Golden Link Award for its
outstanding service as a top supplier of Lucent Technologies' Supply Chain
Networks organization.
"We'd like to acknowledge our strategic partnership with the Ryder
team," said Mike Jones, Vice President of Lucent's Supply Chain Network.
"Together we are enabling improved delivery processes and greater supply
chain flexibility. This could not have been accomplished without the direct
involvement of the Ryder leadership team in many of our logistic
processes."
The Golden Link Award, created in 2001, acknowledges suppliers who
provide superior service and make significant contributions in key areas
including delivery, technology, value, quality and overall relationship.
Ryder received this award for its quality customer service and innovative
solutions that continue to drive efficiencies and position Lucent's Supply
Chain Networks as a top-notch supplier organization. This is the fourth
time Ryder has been a recipient of this award.
"Ryder is highly honored to once again receive this award from Lucent,"
said Vicki O'Meara, President of U.S. Supply Chain Solutions for Ryder.
"Lucent is recognized globally for its commitment to innovation and
quality, and Ryder is proud to contribute to their success."
Lucent's Supply Chain Networks manages the full range of activities
involved in delivering products and services customers expect from Lucent.
This includes order fulfillment, procurement, distribution, new product
introduction, manufacturing and supplier management. Ryder has been a
Lucent logistics service provider for nearly six years. Working with its
partners, Ryder developed an outbound logistics network that streamlines
the logistics link from the suppliers and manufacturers to the customer job
site, thus reducing cycle times and cost. Ryder currently serves as the
lead logistics provider for Lucent in the Americas.
About Supply Chain Networks
Lucent's Supply Chain Networks (SCN) group oversees the end-to-end
provisioning of Lucent solutions to its global customer base. SCN is
responsible for the management and oversight of supplier and supply chain
engineering and management, product engineering, test and component
engineering, procurement, manufacturing, logistics and distribution, as
well as the company's outsourcing and contract manufacturing efforts.
About Lucent Technologies
Lucent Technologies designs and delivers the systems, services and
software that drive next-generation communications networks. Backed by Bell
Labs research and development, Lucent uses its strengths in mobility,
optical, software, data and voice networking technologies, as well as
services, to create new revenue-generating opportunities for its customers,
while enabling them to quickly deploy and better manage their networks.
Lucent's customer base includes communications service providers,
governments and enterprises worldwide. For more information on Lucent
Technologies, which has headquarters in Murray Hill, N.J., USA, visit
http://www.lucent.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
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CONTACT:
Edward Rifenburg, +1-305-500-4161, or
Edward_Rifenburg@Ryder.com, or Lisa Brumfield, +1-305-500-3668,
or Lisa_Brumfield@Ryder.com, both of Ryder System, Inc.
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