Ryder Helps Maxon Expand Across North America with Warehousing and Transportation Management Solutions

Leading Manufacturer of Truck and Trailer Liftgates Opens Five Ryder-Operated Warehouses Across the Nation

MIAMI--()--Ryder System, Inc. (NYSE:R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced its new partnership with Maxon Lift Corporation (Maxon), the leading manufacturer of truck and trailer liftgates in North America. This is the first time Maxon made the decision to outsource its warehousing function, recently tapping into five Ryder-operated warehouse facilities in California, Texas, Indiana, Georgia, and Pennsylvania, to span the country. Additionally, the family-owned business relies on Ryder to handle their transportation management, using Ryder’s Freight Management Group to plan and execute outbound shipping from their warehouses to their distributors.

“Ryder is a process-driven organization with a huge footprint,” said Anton Griessner, VP of Marketing and Business Development, Maxon. “Maxon has been able to tap into Ryder’s process stability and quality control, and we’ve learned a lot in the process.”

For many years, Maxon – which recently celebrated its 60th anniversary – was solely focused on producing made-to-order heavy duty liftgates for large fleets. A few years ago, that all changed when the company realized that there was an untapped market for light duty products. Understanding that this would require a different business model and significantly reduced lead time, Maxon knew it would need a third party logistics provider like Ryder to help make it possible.

“We needed to take the four-week lead time that we were so familiar with, and shorten it to two days for this product line,” said Mr. Griessner. “It’s impossible to accomplish a task like that on your own, especially from an economic standpoint. The expectation from the end-user and our distributors is that our lift gates will be available today and shipped out by tomorrow. Thanks to having the five Ryder regional warehouses located where they are, in the market regions we need, and having our lift gates available for delivery within 24 hours, we’ve been able to grow across all five regions. Without Ryder’s overwhelming support and streamlined communications, our light-duty liftgate line would not be experiencing month over month growth like it is.”

Ryder provides a seamless service level for Maxon that not only covers warehousing, but also outbound shipments. Ryder plans and executes loads for Maxon on a day-to-day basis and secures the most cost effective and time sensitive transportation solution for them.

“We are proud to be working with Maxon, which truly provides one of the best quality liftgates in North America,” said Steve Sensing, President of Global Supply Chain Solutions, Ryder. “At Ryder, we use their liftgates on many of our vehicles, so we can certainly attest to that. We are pleased to provide Maxon with a flexible solution that meets the growing demands of business-to-business fulfillment and transportation requirements. It’s quite an honor to be a part of their growth story.”

About Ryder

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.

About Maxon

Maxon Lift Corp. was founded in 1957. That same year, owner Max Lugash invented the Tuk-A-Way® liftgate, which remains the largest selling style of liftgate in North America. For more than fifty years, Maxon Lift Corp. has initiated and developed a variety of innovative products that have become truck equipment industry benchmarks. More company information can be obtained from Maxon and local Maxon sales representatives at 800-227-4116 or www.maxonlift.com.

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.

Contacts

Ryder System, Inc.
Jennifer Hanlon, 305-500-4547
jennifer_a_hanlon@ryder.com
or
David Bruce, 305-500-4999
dbruce@ryder.com

Release Summary

Ryder today announced its new partnership with Maxon Lift Corporation, the leading manufacturer of truck and trailer liftgates in North America.

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Contacts

Ryder System, Inc.
Jennifer Hanlon, 305-500-4547
jennifer_a_hanlon@ryder.com
or
David Bruce, 305-500-4999
dbruce@ryder.com