- Ryder One of Only 22 U.S. Companies to Receive a 10.0 Rating -
MIAMI, Sept. 13 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R)
announced that a research study released today by the corporate governance
research and ratings agency, GovernanceMetrics International (GMI), gave Ryder
its highest rating, a 10.0. Out of a total of more than 3,200 global
companies rated by GMI, Ryder is one of 22 U.S. companies, and a total
33 companies globally, that received the highest possible rating.
"Ryder has a longstanding commitment to sound, proactive governance that
has served our company and its shareholders well over many years," said Ryder
Chairman and Chief Executive Officer Greg Swienton. "We are extremely pleased
to receive GMI's highest rating as an acknowledgment of our team's ongoing
investment of time, money and resources necessary to lead in this important
area."
According to GMI research, as a group, the companies that received a
10.0 rating outperformed the S&P 500 Index as measured by total shareholder
returns for each of the last one-, three-, and five-year periods ending
September 1, 2005, providing excess returns of 11.40%, 6.09% and 15.19%,
respectively, relative to the index.
GMI's rating system incorporates hundreds of data points across six broad
categories of analysis: board accountability, financial disclosure and
internal controls, executive compensation, shareholder rights, ownership base
and takeover provisions, plus corporate behavior and environmental, health and
safety issues. Subscribers to GMI are able to view a company's overall
rating, section ratings and several pages of written analysis. GMI clients
include pension funds, investment managers, mutual funds, regulatory agencies,
banks, insurance companies, professional service firms and corporate issuers.
For more information, please consult the GMI press release dated September 13,
2005, or visit their website at http://www.gmiratings.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 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, unexpected
volume declines, loss of key customers in the Supply Chain Solutions segment,
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, increased competition from vehicle manufacturers and large service
providers, 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, our ability to create operating
synergies in connection with our acquisitions, our ability to manage our cost
structure 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 risks 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.gmiratings.com
CONTACT:
David Bruce, Ryder System, Inc.,
+1-305-500-4999, or David_Bruce@Ryder.com
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