The Roanoke Times Renews Transportation Contract With Ryder
Market Wire, June, 2008
Ryder System, Inc. (NYSE: R), a global leader in supply chain, warehousing and transportation management solutions, today announced that The Roanoke (Va.) Times, a Landmark Communications newspaper with a daily circulation of more than 100,000, has renewed a five-year Dedicated Contract Carriage (DCC) transportation contract with Ryder. Under the DCC contract, Ryder will manage delivery of The Roanoke Times from its printing plant to its circulation distribution centers, providing a turnkey package that includes customized vehicles, drivers, fleet management, dock operations management and preventive and programmed maintenance for the equipment.
"We have had a strong partnership with Ryder for nearly a decade," said Chip Harris, Production Director for The Roanoke Times. "Ryder has helped us achieve substantial improvements in transportation efficiency and the cost-effectiveness of our operations year over year. They are innovative and thought leaders in finding new ways to drive costs out of out operations."
Ryder's DCC service is a customized suite of transportation management services for the delivery of a customer's products that optimizes its fleet operations and allows its management to be more focused on core business issues.
"Ryder has been serving the newspaper and publishing industry for more than 60 years and we are honored with the partnership and trust The Roanoke Times has placed in us," said Rosario Rizzo, Ryder's Senior Vice President and General Manager for Dedicated Contract Carriage Operations. "We look forward to a long and successful relationship that continues to exceed their expectations in delivering higher levels of operational excellence and customer satisfaction."
Ryder has business relationships with 75 newspapers nationally, including the Chicago Tribune, The Los Angeles Times, The Miami Herald and The Dallas Morning News.
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 371st on the FORTUNE 500® and 1,631st on the Forbes Global 2000. 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.
For Information Contact: Lisa Brumfield Hagen (305) 500-3668 Email Contact Edward Rifenburg (305) 500-4161 Email Contact
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