- Ryder to Provide More Than 140 Full Service Lease Vehicles and
Maintenance Services for a 50 Unit Trailer Fleet -
MIAMI, Sept. 5 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R),
a global leader in transportation and supply chain management solutions,
today announced it has been awarded a multi-year contract to provide Full
Service Lease (FSL) and maintenance services for Dunn-Edwards Paints, one
of the largest paint manufacturers in the United States.
"Dunn-Edwards needed a transportation solution that would improve
customer service, drive safety compliance, and bring added efficiencies to
its existing fleet by being able to address any short-term or emergency
needs that may arise," said John Faulkner, Director of Operations for
Dunn-Edwards. "Ryder has been an industry leader for nearly 75 years and we
trust that they will help us service our customers every day by providing
quality, reliable equipment that ensures our ability to deliver goods to
our customers when they need it."
Under the five-year contract, Ryder will provide Dunn-Edwards'
transportation operations with a full service lease solution providing a
combined fleet of more than 140 tractors, trailers, stake beds and pick-ups
to support outbound transportation of Dunn-Edwards' products from three
distribution centers (Tempe, Arizona; Los Angeles, California; and
Albuquerque, New Mexico) to more than 80 retail locations throughout
Arizona, California, Nevada, New Mexico and Texas. Ryder will also provide
maintenance services for more than 50 trailers in Dunn-Edwards' fleet.
Ryder's FSL and maintenance offering is a customized transportation
solution that provides customers with vehicles and a variety of support
services including emergency roadside assistance, preventive maintenance
services, fueling, equipment evaluations and specification, fleet
management reporting tools, administrative support, and driver safety
programs.
"Ryder is honored to have earned the opportunity to partner with an
outstanding, reputable company like Dunn-Edwards. Ryder will help support
Dunn-Edwards' growth, dedication to customer service and safety, and future
productivity objectives," said Tony Tegnelia, President of U.S. Fleet
Management Solutions for Ryder.
About Dunn-Edwards Paints
Dunn-Edwards has produced and sold premium paint products for 80 years
throughout the Southwest. Operating more than 80 stores in California,
Arizona, Nevada, New Mexico and Texas, Dunn-Edwards is one of the nation's
largest independent, employee-owned manufacturers and distributors of
interior and exterior paints and painting supplies. Based in Southern
California, the company is comprised of approximately 1,500 employees. To
learn more about Dunn-Edwards, visit http://www.dunnedwards.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 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.dunnedwards.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, Inc.
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