- Canada's Leading Tobacco Company Retools Business Model to Include
Direct- to-Store Delivery of Products to 26,000 Retailers Across Canada -
MIAMI, July 24 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R),
a global leader in supply chain, warehousing and transportation management
solutions, today announced that Imperial Tobacco Canada Limited is
expanding its supply chain agreement with Ryder in order to execute its
major supply chain transformation announced in May.
Since 1998, Ryder has provided warehousing services for Imperial
Tobacco across Canada. Ryder's services are being significantly expanded to
include complete order fulfillment and supply chain management services for
Imperial Tobacco's products, including offshore warehousing and inbound
transportation management. As part of its expanded services, Ryder will
provide direct-to- store finished product delivery to more than 26,000
retail locations throughout Canada. This "purpose-built" delivery system,
the first of its kind in the Canadian tobacco industry, will employ over
four hundred specially trained truck drivers and material handlers, more
than two hundred customized delivery vans, and twenty-one warehouse and
cross dock facilities. In addition, Ryder will design and operate
customized information technology systems to provide order visibility and
inventory management.
"We selected Ryder to help us design and implement our direct-to-store
delivery initiative based on their strategic planning capabilities, supply
chain management expertise and strong operational insight into driving
efficiencies throughout our supply chain," said Benjamin J. Kemball,
President and CEO of Imperial Tobacco Canada. "Having Ryder as our supply
chain partner will enable us to deploy best-in-class supply chain
practices, and to meet the needs of our valued retailers and their adult
customers in the fast-paced, ever-changing tobacco environment in Canada."
"Ryder is proud to play a leading role in the design and execution of
this new and innovative supply chain strategy," said Ryder President of
International Operations Bobby Griffin. "We have developed a deep
understanding of Imperial Tobacco's customer needs over our longstanding
partnership, and we're excited about being chosen to lead their unique
retail delivery transformation."
About Imperial Tobacco Canada
For close to 100 years, Imperial Tobacco Canada has been an industry
leader in Canada. Headquartered in Montreal, Imperial Tobacco Canada aims
to compete successfully for market share in any segment the Company enters,
by satisfying adult smoker preferences better than the competition.
Imperial Tobacco Canada is owned by British American Tobacco (BAT), one of
the world's largest tobacco companies.
Further information on Imperial Tobacco Canada is available on the
Internet at: http://www.imperialtobaccocanada.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.imperialtobaccocanada.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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