- Ryder to Provide Customized Transportation Solution to Further Drive
Efficiencies Throughout USPS Supply Chain -
MIAMI, July 21 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in transportation, supply chain management and warehousing
solutions, today announced it has been awarded a multi-year contract by the
United States Postal Service (USPS).
Under the contract, Ryder will develop and manage a customized
transportation solution to optimize the USPS' Non-Mail Freight transportation
network nationwide, supporting USPS locations nationally and internationally.
Ryder will provide transportation procurement, shipment planning and
execution, compliance management and other related services. The rollout is
expected to be complete in November 2005.
Commenting on the new contract, Tony Tegnelia, Ryder's President of U.S.
Supply Chain Solutions, said, "We appreciate the confidence the USPS has shown
in our transportation and supply chain management capabilities. Ryder is
looking forward to collaborating with the USPS to find new ways to improve
service levels and optimize the performance of the USPS' transportation
network."
About USPS
Since 1775, the U.S. Postal Service has connected friends, families,
neighbors and businesses by mail. It is an independent federal agency that
visits 142 million homes and businesses everyday and is the only service
provider delivering to every address in the nation. The Postal Service
receives no taxpayer dollars for routine operations but derives its operating
revenues solely from the sale of postage products and services. With annual
revenues of more than $69 billion, it is the world's leading provider of
mailing and delivery services, offering some of the most affordable postage
rates in the world. The U.S. Postal Service delivers more than 46 percent of
the world's mail volume -- some 206 billion letters, advertisements,
periodicals and packages a year -- and serves seven million customers each day
at its 37,000 retail locations nationwide.
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 presentation 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, the
possibility that changes in customers' business environments 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, higher
borrowing costs and possible decreases in available funding sources caused by
adverse changes in debt ratings, changes in accounting assumptions, adequacy
of accounting accruals, changes in general economic conditions, availability
of heavy- and medium-duty vehicles, increases in fuel prices, availability of
qualified drivers, the Company's ability to create operating synergies in
connection with its acquisitions of Ruan and General, and changes in
government regulations, including regulations regarding vehicle emissions,
drivers' hours of service and security regulations issued by the Department of
Homeland Security. 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 the Company's
business. Accordingly, the Company undertakes 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
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