Ryder Ranks Among Top 100 Companies on the InformationWeek 500 List
Market Wire, September, 2008
Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today announced it ranked 81st on the 2008 InformationWeek 500. The ranking was revealed recently at a gala awards ceremony, part of the exclusive InformationWeek 500 conference in Tucson, Arizona.
"Ryder is pleased to be recognized by InformationWeek for the tenth consecutive year," said Dr. Kevin Bott, Senior Vice President and Chief Information Officer, Ryder System. "Because of the importance of visibility of information in our industry, we constantly work to improve processes, with the aim of staying competitive as a company and providing value to our customers. This recognition reflects our ongoing commitment to continuous improvement."
As part of the survey for the ranking, InformationWeek evaluated two Ryder technology innovations. The first was the implementation of dashboards for Dedicated Contract Carriage (DCC) customers. The DCC Dashboards greatly boosted worker productivity by transforming disparate processes into a consolidated, automated process. The DCC Dashboards now centralize data from a number of different sources and display it using standardized business rules. In addition, Ryder worked on centralizing and consolidating IT hardware, such as servers, storage and backup/restore. The Company developed a virtualization strategy to consolidate servers and achieve power and space savings, and moved 256 physical servers onto virtual machines on 23 physical servers. Virtualization has reduced the number of physical servers needed in Ryder's data centers, as well as lowered power consumption.
"For 20 years, the InformationWeek 500 has honored the most innovative users of business technology," said InformationWeek Editor-in-Chief Rob Preston. "Year after year, InformationWeek 500 companies harness technology to improve efficiency, boost productivity, drive revenue, and establish a competitive advantage. We applaud this year's winners, and the CIOs and other executives whose ingenuity and risk-taking are at the center of business technology innovation."
InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing, now in its 20th year, and has tracked the technology, strategies, investments and administrative practices of America's best-known companies. The list is unique among corporate rankings because it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders. Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/ .
About Ryder ( www.ryder.com )
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 .
About InformationWeek Business Technology Network
( http://www.informationweek.com/ )
The InformationWeek Business Technology Network provides business technology executives with unique perspective, market leading research and innovative tools that work in lock step with their work flow -- from defining and framing business technology objectives through to the evaluation and recommendation of specific solutions. The InformationWeek Business Technology Network delivers the entire market, from SMBs with bMighty.com to large-scale global companies with InformationWeek. It scales across the most critical technology categories in the market -- security with DarkReading.com, storage with ByteandSwitch.com, application architecture with IntelligentEnterprise.com, network architecture with NetworkComputing.com and communications with NoJitter.com. Through its multi-media platform and unique content-in-context information distribution system, the InformationWeek Business Technology Network provides trusted information developed both by editors and real world CIO/IT professionals delivered how and when business technology executives want it, 24/7.
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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