Technicians Who Meet Performance Targets in Incentive Program Earn Cash Payouts and Prizes
Ryder System, Inc. (NYSE: R), a global leader in transportation and
supply chain management solutions, today announced the winners of its
2007 Ryder Performance Challenge Program. The Ryder Performance
Challenge is an incentive program that rewards maintenance employees who
demonstrate exceptional productivity and customer service performance,
while ensuring safe behavior and quality service delivery. Participants
who meet specific performance targets in these areas earn cash payouts,
as well as raffle tickets that are automatically entered into an annual
Grand Prize drawing.
This year's three regional Grand Prize raffle winners are technicians
Mark Dettmann, from South Bend, Indiana; Allan Sullivan, from Moonachie,
New Jersey; and Matthew Royse from Chillicothe, Missouri. The three
winners were each presented with keys to their own brand new GMC Sierra
1500 pick-up trucks during surprise events at their local branches in
February. The trucks feature a V-8 engine, over 10,000 lbs. of towing
capacity, a 4-speed automatic super duty transmission, dual stage
frontal air bags, and the innovative OnStar security and diagnostics
system.
Regional winners of cash prize raffles in the amount of $3,000, $2,000,
and $1,000 were also awarded.
"Ryder takes great pride in its maintenance organization and the quality
of workmanship provided to our customers over the course of our 75 year
history," said Ryder Vice President of Maintenance Ty Cross. "These
Ryder Performance Challenge winners are representative of a team that is
committed to working in a safe operation and providing excellent
customer service, so Ryder can continue to deliver on its promises to
its customers."
For the 2007 Ryder Performance Challenge program year, over 1,600
maintenance employees earned cash payouts and/or raffle tickets by
meeting their established business goals. The program reinforces the
value Ryder places on its technicians, and the important role they play
in ensuring quality maintenance of the Company's fleet of more than
165,000 vehicles and safely delivering top-notch customer service for
Ryder's 16,000 customers.
"Ryder's talented maintenance employees are the backbone of our
operations and a point of differentiation in the industry," said Mike
Brannigan, Ryder's Senior Vice President and Chief of Operations, Fleet
Management Solutions, U.S. and Canada. "We are committed to continuing
to reward and recognize these outstanding professionals, through
programs such as the Ryder Performance Challenge, for the good work they
do everyday."
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 362nd on the Fortune 500 and 1,458th 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.
Media: Photos Available Upon Request
Ryder System, Inc.
Cindy Haas, 305-500-4526
or
Lisa Brumfield Hagen, 305-500-3668