MIAMI, Nov. 8 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in transportation and supply chain management solutions, today
announced it has been named one of the Top 5 Companies for Black Professionals
in South Florida by Network Miami, the magazine affiliated with the Miami-Dade
Chamber of Commerce.
Network Miami surveyed 100 South Florida companies and selected five
companies that have proven that diversity management is an integral part of
their business success. In order to be recognized, the companies were
required to demonstrate significant representation of blacks in four key
areas: total workforce, corporate procurement, corporate boards and senior
management.
According to the report, Ryder was recognized for its proven commitment to
diversity management and its corporate philosophy on diversity that is based
on respect for one another and recognition that each person brings his or her
own attributes to the company. Ryder was also recognized for having black
employees in management positions throughout the organization and having a
black director on its corporate board. Ryder is a supporter of the National
Urban League, National Black MBA Association and the Miami-Dade Chamber of
Commerce, among others. In 1989, the Company organized the Ryder Black
Employee Network (RBEN) to promote the attainment of Ryder's overall business
objectives through the recruitment, development and advancement of black
employees and businesses.
"Ryder is pleased that we have been recognized for our commitment to
diversity," said Jennifer Thomas, Executive Vice President and Chief Human
Resources Officer for Ryder. "This award serves as further encouragement that
we are moving in the right direction to have the right people in the right
places at all levels of our organization to ensure that we remain a global
leader in transportation and logistics."
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 (SCS)
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, 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, unexpected reserves or losses due to the effects of
Hurricanes Katrina and Rita on our operations and the economy, increases in
fuel prices, availability of qualified drivers, our ability to manage our cost
structure and changes in government regulations, including regulations
regarding vehicle emissions. 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:
Edward Rifenburg, +1-305-500-4161, or
Edward_Rifenburg@Ryder.com, or Lisa Brumfield, +1-305-500-3668,
or Lisa_Brumfield@Ryder.com, both of Ryder System
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