Ryder Named a Food Logistics Top 3PL
Ryder Named for Fourth Consecutive Year to List of Best Third Party Logistics and Cold Storage Providers for Food Industry
Public Company Information:
MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in supply chain, warehousing, and transportation management solutions, today announced it has been included in Food Logistics’ sixth annual listing of the Top 100 3PLs, the leading third-party logistics providers and cold storage providers for the food industry. Selected for the fourth consecutive year, Ryder’s inclusion in the list reflects the company’s expertise in helping food companies achieve best-in-class execution of their supply chains.
“Food distribution is a very complex business, and 3PLs play a crucial role in the supply chain,” explains Katherine Doherty, editor-in-chief of Food Logistics magazine. “While most 3PLs have felt the effects of the economic downturn, the Top 100 continue to respond to their customers’ needs and rise to the logistical challenges that today’s food organizations face.”
This year, Food Logistics added 15 new companies to the list, for a total of 100 service providers. The magazine’s editorial team reviewed nominations from end users and solution providers for the final list.
Ryder’s Supply Chain Solutions (SCS) business segment provides comprehensive supply chain management services that include network design, distribution management, transportation management, dedicated contract carriage, and reverse logistics. In 2010, Ryder significantly enhanced its capabilities in the food and beverage sector with the acquisition of Total Logistic Control (TLC), a Michigan-based third-party logistics provider. Through the acquisition of TLC, Ryder gained 34 facilities representing 10.6 million square feet of dry and temperature-controlled warehousing space, and extensive packaging capabilities. Now doing business as Ryder’s CPG industry group, TLC has also consistently placed in Food Logistics magazine’s Top 3PL ranking.
Commenting on the recognition from Food Logistics, Ryder’s Vice President and General Manager of Consumer Packaged Goods for Supply Chain Solutions, Darin Cooprider, said, “Logistics networks in the food and packaged goods sector have a unique set of requirements – from FDA regulations to packaging specifications and point-of-sale promotions. Ryder is honored to be recognized in this industry leading ranking for helping our clients navigate through these requirements and ultimately achieve peak performance in their supply chain.”
The Top 100 3PLs will be featured in the cover story of the July/August issue of Food Logistics, as well as online at www.foodlogistics.com.
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 the top third party logistics provider and included Ryder in its 2010 and 2011 “Green Supply Chain Partners” listing. Ryder also ranked 114 out of the top 500 U.S. companies and sixth in its industry sector in the 2010 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 on Ryder System, Inc., visit www.ryder.com.
About Food Logistics
Food Logistics is published by Cygnus Business Media, a leading diversified business-to-business media company. The magazine serves the information needs of food, beverage and consumer packaged goods executives involved in warehousing, transportation and information technology, as well as third-party and refrigerated service providers. Through our print and online products, we provide news, trends and best practices that help more than 25,000 grocery and foodservice suppliers, distributors and retailers make better business decisions. On the web at www.foodlogistics.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.