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Ryder System, Inc.: Ryder Announces Cross-Border Transportation Management Contract With Procter & Gamble

^{Published on 2009-08-13 04:57:33, Last Modified on 2009-08-13 04:57:45 - Market Wire}
 

MIAMI, FL--(Marketwire - August 13, 2009) - Ryder System, Inc. (NYSE: [ R ]), a leader in supply chain, warehousing and transportation management solutions, today announced that The Procter & Gamble Company (NYSE: [ PG ]) has selected Ryder to manage a component of its U.S./Mexico Logistics Network, including cross-border transportation operations.

Ryder's North America Logistics Network provides a seamless, end-to-end solution to manage material and product flows. Utilizing innovative technology, highly trained logistics professionals, and proven processes, Ryder's North America Logistics Network solution provides complete supply chain visibility and transportation optimization resulting in freight consolidation, reduced transit time, and exceptional safety and security processes to the cross-border operations.

Commenting on the P&G relationship, Ryder President of Supply Chain Solutions, John Williford, said, "We have developed an exciting Control Tower service where we take advantage of our technology and execution skills to put in place a solution with significantly less inventory and cycle times. We are pleased to work with a company of such high standards and look forward to using our expertise to drive value and service throughout the P&G logistics network."

 About Ryder 

Ryder provides 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. Ryder ranks 399th on the Fortune 500. 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.