MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that it was recognized as a leader within the May 2017 Magic Quadrant for Third-Party Logistics, North America by Gartner, the world's leading information technology research and advisory company. A leader is the highest possible position within the quadrant. The Magic Quadrant evaluates 18 “third-party logistics providers in North America to demonstrate how these 3PLs compare with each other across a variety of detailed criteria. These criteria are designed to define ‘what good looks like’ for logistics providers in the region based on capabilities, strategies, services, and operating models that customers prefer when formulating their 3PL portfolio.”
“It’s an honor to be named a leader among other 3PLs in the industry,” said Steve Sensing, President of Supply Chain Solutions, Ryder. “Gartner’s Magic Quadrant is a highly respected key resource for supply chain leaders. We believe it adds further credibility to Ryder’s longstanding experience as a leading supply chain solutions provider in the market, working as the secret ingredient to support some of the best-run supply chains in the world with world-class execution and innovative solutions across North America.”
Ryder Supply Chain Solutions optimizes logistics networks to make them more responsive and able to be leveraged as a competitive advantage. Globally-recognized brands in the automotive, consumer goods, food and beverage, healthcare, industrial, oil and gas, technology, and retail industries rely on Ryder’s leading technologies and world-class logistics engineers to help them deliver the goods that consumers use every day. Ryder’s LEAN culture helps businesses achieve peak performance and increase profitability and efficiency – all while improving quality. Operating 189 facilities with 44 million square feet of warehouse space, Ryder offers flexible solutions as well as end-to-end visibility – no matter how challenging or diverse the storage and distribution needs may be. Ryder currently provides comprehensive logistics and supply chain management solutions to companies with operations in the U.S., Canada, Mexico, the U.K., and Singapore, and also contracts with more than 2,100 providers of all modes of transportation in the markets it serves.
According to Gartner, “Leaders rate well on the highly weighted criteria for both Ability to Execute and Completeness of Vision. These strong performing and full-service 3PL providers offer a broader portfolio of logistics functions and typically value-added services that span the end-to-end supply chain and have specific industry variations that customers can leverage. They understand North American logistics market drivers, regional nuances and customer needs, and translate that understanding into service offerings that are locally fit for purpose and supported by the use of leading technologies. Leaders have well-structured strategies and business models that support the continued expansion of their regional capabilities and services coverage. Leaders are trusted and relied on by customers to help them achieve top logistics performance within the U.S., Canada and Mexico.”
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400® index. Ryder has been named among FORTUNE’s World’s Most Admired Companies, and has been recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, and world-class safety and security programs. The Company is a proud member of the American Red Cross Disaster Responder Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com, and follow us on our Online Newsroom and social media pages: Facebook, LinkedIn, Twitter, Instagram, and YouTube.
Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. 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.