MIAMI, Sept. 1 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R),
a global leader in transportation and supply chain management solutions,
today announced it has been ranked in the Top 100 on the 2006
InformationWeek 500, a prestigious listing of the leading business users of
information technology. Ryder's exact rank will be revealed at a gala
awards ceremony held during the InformationWeek 500 Conference in Rancho
Mirage, Calif., from September 10-13.
"The InformationWeek 500 honors today's leading companies who set the
benchmark for business technology strategies and projects," said
InformationWeek Publishing Director Fritz Nelson. "The companies on our
list are some of the most innovative users of technology."
For the past 18 years, InformationWeek has identified and honored the
nation's most innovative users of information technology (IT) with its
annual listing. The list is unique among corporate rankings because it
spotlights the power of innovation in IT, rather than simply identifying
the biggest IT spenders. Companies named to this list demonstrate a pattern
of technological, procedural and organization innovation.
As part of the survey for the ranking, InformationWeek evaluated two
Ryder technology initiatives that were innovative, delivered business value
and improved productivity. The first was the Shop Maintenance System which
was enhanced using a service-oriented architecture to further streamline
maintenance operations and deliver greater value and customer service to
customers. The system provides a variety of reports and data for
technicians, vehicles and shop workload via an interactive information
dashboard to more than 700 Ryder maintenance facilities. As a result,
training time has been reduced from two weeks to two days, technicians
spend 20 percent less time on the system, and the number of diagnostics
screens has been reduced from 3,000 to 150.
The second initiative was RyderSTAR, a web-based safety tracking and
reporting system. This tool allows the effective communication of the
Company's safety goals and measurement of the productivity and
effectiveness of safety programs. As a leader in the transportation
industry, safety is a top priority for Ryder.
"Ryder is honored to be recognized by InformationWeek for the eighth
consecutive year for our leadership and innovation in technology solutions
for the transportation and supply chain industries," said Kevin Bott,
Senior Vice President and Chief Information Officer for Ryder. "Through our
extensive experience in implementing and integrating transportation and
supply chain technology solutions and our reliable people, processes and
technology, we enable our customers to realize efficiencies in their
transportation and logistics operations and be more competitive."
About InformationWeek
InformationWeek sets the agenda for business technology executives,
covering the full range of information access points IT decision-makers use
today. A trusted, authoritative source and information filter,
InformationWeek helps community members understand and focus on what's
important up-to-the-minute -- in print, online, through independent
research and at live, peer-to-peer events. Through its cross-media
platform, InformationWeek delivers content to complement the print
publication to its community of business technology leaders when and how
they want it, 24/7. The InformationWeek community includes an audience of
2.5 million CIOs, IT executives and business managers who cut across
industries, job titles, company sizes and global borders.
InformationWeek is consistently recognized for its commitment to
excellence and thought leadership by the IT community, receiving many of
the industry's top media accolades, including several awards from the
American Society of Business Publication Editors (ASBPE), top spots in BtoB
Magazine's Media Power 50 and Circulation Excellence Awards from
Circulation Management Magazine.
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 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
CONTACT:
Lisa Brumfield, +1-305-500-3668,
Lisa_Brumfield@Ryder.com, or Edward Rifenburg, +1-305-500-4161,
Edward_Rifenburg@Ryder.com, both of Ryder System, Inc.
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