– Ranks Top 5 in the Transportation & Logistics Sector –
MIAMI–(BUSINESS WIRE)– Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, has been named one of the top green companies in the U.S. by Newsweek magazine for the second year in a row.
“Ryder remains committed to implementing industry-leading environmental practices that reduce risk, drive operational efficiency, and deliver value to our customers,” said Chairman and Chief Executive Officer Greg Swienton. “Our approach to operating our business and delivering solutions to our customers is based on the foundation that business objectives and environmental goals are not mutually exclusive.”
For example, the solutions Ryder implements for customers such as preventive maintenance, vehicle technologies to optimize routes and reduce idling, as well as alternative fuel options and logistics engineering strategies that optimize distribution networks to reduce miles, are all part of an overall strategy to improve transportation efficiencies. These very same activities also reduce emissions and result in real-world environmental benefits.
In the 2011 Newsweek Green Rankings, Ryder improved its rank in the Transportation & Logistics sector, moving up from 6th to 5th place among all companies ranked in the sector. Ryder also improved its overall position to No. 111 out of 500, up from No. 114 in 2010.
The Newsweek Green Rankings comprehensively assess the environmental performance of the largest publicly traded companies in America and around the world. Newsweek collaborated with leading environmental research providers, Trucost, and Sustainalytics to assess each company’s environmental footprint, management of that footprint, and transparency. Published annually since 2009, this project is billed as the first effort by a major media organization to rank companies based on their actual environmental footprint, management of that footprint, and sustainability communications. For more information about the 2011 Newsweek Green Rankings, visit www.newsweek.com/green.
Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index. Inbound Logistics magazine has included Ryder in its 2011 and 2010 “Green Partners” listing, and Newsweek has included Ryder for two years in a row in its ranking of the top 250 green U.S. companies. Ryder is a charter member of the NGV Fleet Forum and a member of the Department of Energy’s National Clean Fleets partnership. Ryder is also a recipient of the 2011 NGV Achievement Award and has been recognized by the Carbon Disclosure Project (CDP) in the Carbon Disclosure Leadership Index. A member of the American Red Cross Annual Disaster Giving Program, Ryder is proud to support national and local disaster preparedness and response efforts. For more information, visit www.ryder.com.