Ryder Receives Innovation Award from Toyota

Honored for driving significant improvements in supply chain capability, efficiency, and cost

MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces Toyota North America has honored Ryder with its “Innovation Award for Over-the-Road Transportation Provider Supporting Manufacturing Operations” during the recent Toyota 2023 Annual Supplier Conference in Grapevine, Texas.

Toyota recognized Ryder for the number of transformational Kaizen initiatives, a Japanese term for continuous improvement, that Ryder proactively pursued on Toyota’s behalf. Among them were increased yard-cost savings, operational enhancements to improve customs compliance, and best practices for process improvement and problem-solving – all of which significantly impacted supply chain capability, efficiency, and cost savings.

“We’ve been working with Toyota for 36 years as one team focused on continuous improvement to drive efficiencies in the supply chain while keeping service levels high,” says Steve Sensing, president of supply chain solutions for Ryder. “This recognition is a testament to the relationship that our teams have built over nearly four decades, and we look forward to many more.”

Over the years, Ryder has won multiple awards for meeting Toyota’s highest standards for innovation, quality, delivery, performance, cost savings, value improvement for parts and materials, performance in distribution and warehousing, strategic management, quality engineering and safety leadership, diversity, and minority sourcing program development.

Ryder supports Toyota manufacturing locations across North America with over-the-road transportation in the United States and cross-border transportation between the U.S., Mexico, and Canada; border-crossing administration; free trade zone consolidation; cross docks in Mexico; plant yard management and shunting; and in-plant third-party logistics and engineering support.

For more than 55 years, Ryder has served the automotive industry, implementing the first large-scale just-in-time supply delivery system in North America.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmental stewardship, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. 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.

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