MIAMI, Aug. 8 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in transportation and supply chain management solutions,
today announced that it is partnering with LoJack Corporation (Nasdaq:
LOJN), the global leader in tracking and recovering valuable mobile assets,
to market LoJack Systems to commercial truck fleets in an effort to combat
truck theft. Ryder Safety Services will be the exclusive online provider of
LoJack Systems to commercial truck fleets in the U.S. through its
http://www.RyderSafetyServices.com website.
"Ryder is a well-respected company that is committed to the safety and
security of the commercial transportation industry. We look forward to
working with Ryder to implement an online partnership that will make LoJack
easily available to fleet operators," said Richard Riley, President and COO
of LoJack Corporation.
The Ryder Safety Services website provides fleet owners and other
interested commercial parties access to safety- and security-related
products, compliance services, training and information from some of the
most well-known and respected names in the Safety, Security and Regulatory
Compliance industry including: DOT Drug and Alcohol Testing and Compliance
Services; Training Resources; Vehicle and Personal Safety Equipment;
Security Products; and Regulatory Compliance Materials.
"Ryder is honored to have been selected by LoJack, an industry leader
that provides an effective solution to help resolve global vehicle theft,"
said Tony Tegnelia, Ryder's President of U.S. Fleet Management Solutions.
"Ryder looks forward to offering the renowned LoJack systems to extend our
range of leading-edge safety and security products available to fleet
operators."
LoJack's systems are based on time-tested radio frequency (RF)
technology that is covert and highly effective -- signals can be tracked to
locate a truck in a steel container, garage or hidden under dense foliage.
LoJack Police Tracking Computers (PTCs) are installed in law enforcement
vehicles, helicopters and fixed-wing aircraft, which police use to track
and recover stolen vehicles.
About LoJack Corporation
LoJack Corporation, the company that invented and is the undisputed
leader in the global stolen vehicle recovery market, leverages its superior
technology, direct connection with law enforcement and proven processes to
be the global leader in tracking and recovering valuable mobile assets. The
Company's Stolen Vehicle Recovery System delivers a better than 90% success
rate in tracking and recovering stolen cars and trucks and has helped
recover more than $3 billion in global assets, including cars, trucks,
commercial vehicles, construction equipment and motorcycles. Today LoJack
operates in 26 states and the District of Columbia, and in more than 27
countries throughout Europe, Africa, Latin America and Asia. Additional
information about LoJack is available at http://www.LoJack.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 . Ryder's Safety Services Site can be accessed from the
http://www.Ryder.com link or through the distinct RyderSafetyServices.com Web
address. Users can also access products and services or place orders by
calling to 1-800-SAFETY1.
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 sales 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, the effect of severe
weather events, labor strikes or work stoppages affecting our or our
customers' business operations, adequacy of accounting estimates and
accruals particularly with respect to pension, taxes and revenue, 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.LoJack.com http://www.RyderSafetyServices.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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