MIAMI — Ryder System, Inc. (NYSE:R), a leader in transportation and supply chain management solutions, today announced that it was named a 2011 General Motors Supplier of the Year for providing world-class supply chain and logistics services to GM. This is Ryder’s seventh time winning the award, which was given recently during a ceremony at the Detroit Institute of the Arts.
Commenting on the award, John Williford, President of Global Supply Chain Solutions for Ryder, said, “Ryder is once again honored to be recognized as a Supplier of the Year by GM and proud to contribute to their global success and quality reputation. We look forward to continuing our 27-year relationship and to reaching new levels of service excellence. I would also like to congratulate the members of our Ryder team who are committed to driving superior quality, support and value for GM.”
The award recognizes the significant contributions of GM’s suppliers in 2011 as part of the company’s global product and performance achievement. The winners represent GM’s view of the best the automotive industry has to offer in innovative technology, superior quality, outstanding launch support, crisis management and competitive total enterprise cost solutions.
“The Supplier of the Year award winners’ partnership, dedication and commitment to consistently perform above expectation played an important role in GM’s success in 2011,” said Bob Socia, Vice President, Global Purchasing and Supply Chain. “In 2012, we will continue to improve supplier relations to achieve a world class supply chain focused on quality, capacity management and total cost.”
The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 82 out of thousands of suppliers representing 13 countries for their outstanding performance throughout 2011.
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 recognized Ryder as a top third party logistics provider and included Ryder in its 2011 and 2010 “Green Partners” listing. Ryder has also been ranked two years in a row as one of the top 250 U.S. companies in the Newsweek Green Rankings. In addition, 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, visit www.ryder.com and follow us on Facebook, YouTube, and Twitter.
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.
Source: Ryder System, Inc.