- Company Pays Dividend for 117th Consecutive Quarter -
MIAMI, Oct. 7 /PRNewswire-FirstCall/ -- The Board of Directors of Ryder
System, Inc. (NYSE:R), a global leader in transportation and supply chain
management solutions, today declared a regular quarterly cash dividend of
$0.16 per share of common stock. The dividend will be paid on December 20,
2005 to shareholders of record on November 22, 2005. This is Ryder's 117th
consecutive quarterly cash dividend - marking more than 29 years of dividend
payments.
About Ryder
Ryder provides leading-edge transportation, logistics and supply chain
management solutions worldwide. Ryder's product offerings range from full
service leasing, commercial rental and programmed maintenance of vehicles to
integrated services such as dedicated contract carriage and carrier
management. Additionally, Ryder offers comprehensive supply chain solutions,
consulting, lead logistics management services and e-Business solutions that
support customers' entire supply chains, from inbound raw materials and parts
through distribution and delivery of finished goods. Ryder serves customer
needs throughout North America, in Latin America, Europe and Asia.
The National Safety Council selected Ryder to receive the 2002 Green Cross
for Safety Medal -- its highest honor -- for exemplary commitment to workplace
safety and corporate citizenship. For the ninth consecutive year, Ryder was
featured in the 2005 Fortune Most Admired Companies survey of corporate
reputations. InternetWeek named Ryder as one of the top 100 U.S. companies
for effectiveness in using the Internet to achieve tangible business benefits.
For the eighth consecutive year, Ryder has been named a top five third-party
logistics provider by Inbound Logistics.
Ryder's stock is a component of the Dow Jones Transportation Average and
the Standard & Poor's 500 Index. With 2004 revenue of more than $5 billion,
Ryder ranks 381st on the Fortune 500.
For more information on 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 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:
Media, David Bruce, +1-305-500-4999, or
investor relations, Bob Brunn, +1-305-500-4053, both of Ryder
Systems
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