- Ryder to Provide Warehouse Management Services for Atlanta and Dallas
Distribution Centers -
MIAMI, Aug. 25 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in supply chain, warehousing and transportation management
solutions, today announced it has been awarded a multi-year contract by The
Home Depot (NYSE: HD), the world's largest home improvement retailer. Under
the contract, Ryder will provide third party logistics (3PL) services
including Warehouse Management and Equipment Management for The Home Depot's
Atlanta and Dallas Distribution Centers. The operation will be a phased
implementation that is expected to be complete in September 2005.
The two new facilities, totaling more than two million square feet, are
designed to accelerate product deliveries and improve order cycle times to
stores. The improved flow-through will support The Home Depot's strategy for
growth and improved customer service.
Commenting on the contract, Ryder President of U.S. Supply Chain Solutions
Tony Tegnelia said, "We are very pleased to announce our partnership with The
Home Depot through the opening of two new facilities specifically designed to
meet their U.S. expansion plans. This will be an excellent catalyst for our
partnership to continue to grow and prosper as well as improve service to
their stores."
About The Home Depot
Founded in 1978, The Home Depot(R) is the world's largest home improvement
specialty retailer and the second largest retailer in the United States, with
fiscal 2004 sales of $73.1 billion. The company employs approximately 325,000
associates and has 1,919 stores in 50 states, the District of Columbia, Puerto
Rico, 10 Canadian provinces and Mexico. The Home Depot has been recognized by
Fortune as the No.1 Most Admired Specialty Retailer for 2005. Its stock is
traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow
Jones Industrial Average and Standard & Poor's 500 Index.
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.
 back to top
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
|
