MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, today announced it has received the 2010 Carrier of the Year award from Toyota Motor Sales U.S.A., Inc., in the category of “Truck Intermodal Logistics Partner of the Year.” Ryder is one of only four companies that were recognized with Toyota’s 2010 Carrier of the Year awards.
“We pride ourselves on our high level of operational execution and expertise in the automotive sector and other key industries,” said Richard (Dick) J. Jennings, Vice President and General Manager of Automotive, Aerospace and Industrials for Ryder Supply Chain Solutions. “We are grateful to Toyota for this recognition of our efforts and for a relationship that continues to flourish after many years.”
Toyota selects four winners for its Carrier of the Year Awards annually to recognize outstanding transportation service providers who support Toyota’s North American Parts Operations. Selection of the winners is based on each carrier’s performance in areas such as on-time delivery and pickup, safety, problem-solving capabilities, damage prevention, and equipment availability, among others. Toyota also evaluates carriers on their ability to embrace kaizen, or a focus on continuous improvement in their service.
Ryder provides Toyota with logistics support that includes pick-up and delivery of service parts to Toyota’s service parts logistics network throughout the U.S., Canada, and Mexico.
Toyota Motor Sales (TMS), U.S.A., Inc. is the marketing, sales, distribution and customer service arm of Toyota, Lexus and Scion. Established in 1957, TMS markets products and services through a network of nearly 1,500 Toyota, Lexus and Scion dealers which sold more than 1.76 million vehicles in 2010. Toyota directly employs nearly 30,000 people in the U.S. and its investment in the U.S. is currently valued at more than $18 billion.
Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder’s stock is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index. Inbound Logistics magazine has recognized Ryder as the top third party logistics provider and included Ryder in its 2010 “50 Green Partners” listing. Ryder also ranked 114 out of the top 500 U.S. companies and sixth in its industry sector in the 2010 Newsweek Green Rankings. Security Magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information on Ryder System, Inc., visit www.ryder.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.