- Ryder to Provide Dedicated Contract Carriage for Gibraltar's Appleton, Southeastern Metals/SEMCO and DOT Metal Products Subsidiaries -MIAMI, July 25, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Ryder System, Inc. (NYSE: R), a
global leader in supply chain, warehousing and transportation management
solutions, today announced that Gibraltar Industries, Inc. (Nasdaq: ROCK), a
leading manufacturer, processor and distributor of metals for the building,
vehicular and industrial markets, has expanded its transportation contract
with Ryder and has added Dedicated Contract Carriage (DCC) services for three
Gibraltar subsidiaries -- Appleton Supply Co., Inc., Southeastern Metals
Company/SEMCO and DOT Metal Products, Inc.
"We needed a national transportation provider that could leverage our
network of multiple divisions and drive efficiencies throughout our supply
chain," said John E. Wagner, Vice President of Supply Chain Management for
Gibraltar Industries. "Our decision to outsource additional transportation
functions to Ryder is a direct result of the quality service and total cost
benefits this partnership has been able to deliver to our customers and
Gibraltar. We have confidence in Ryder's transportation and logistics
capabilities."
Since 2004, Ryder has provided Full Service Lease services for Gibraltar.
Ryder's transportation services are being expanded to include Dedicated
Contract Carriage services for three of Gibraltar's subsidiaries.
Additionally, Ryder will be co-located at Appleton Supply Co., Inc.'s
manufacturing facility in Appleton, Wis., and Southeastern Metals Company's
manufacturing facility in Jacksonville, Fla., to manage and consolidate less-
than-truckload (LTL) shipments into multi-stop truckloads and fill backhaul
lanes through Ryder's Transportation Management Center.
"Ryder is proud to expand its role with Gibraltar and help contribute to
its reputation of providing excellent customer service," said Vicki O'Meara,
Ryder President of U.S. Supply Chain Solutions. "We are confident that our
solution will add value throughout their distribution channel, helping
Gibraltar lower their transportation costs while supporting their growth
objectives."
About Gibraltar Industries
Gibraltar Industries is a leading manufacturer, processor and distributor
of metals and other engineered material for the building products, vehicular
and other industrial markets. The Company serves a large number of customers
in a variety of industries in all 50 states, Canada, Mexico, Europe, Asia and
Central and South America. It has approximately 3,400 employees and operates
74 facilities in 26 states, Canada and China. Further information on
Gibraltar Industries is available on the Internet at: www.Gibraltar1.com .
About Ryder
Ryder is a Fortune 500 company providing 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. For more information about Ryder System, Inc.,
visit www.ryder.com .
Note Regarding Forward-Looking Statements: Certain statements and
information included in this presentation are "forward-looking statements"
under the Federal Private Securities Litigation Reform Act of 1995.
Accordingly, these forward-looking statements should be evaluated with
consideration given to the many risks and uncertainties inherent in our
business that could cause actual results and events to differ materially from
those in the forward-looking statements. Important factors that could cause
such differences include, among others, our ability to obtain adequate profit
margins for our services, our inability to maintain current pricing levels due
to customer acceptance or competition, customer retention levels, unexpected
volume declines, loss of key customers in the Supply Chain Solutions (SCS)
business segment, our failure to successfully implement new sales growth
initiatives in our FMS business segment, unexpected reserves or write-offs due
to the deterioration of the credit worthiness or bankruptcy of certain
customers in our SCS business segment, changes in financial, tax or regulatory
requirements or changes in customers' business environments that will limit
their ability to commit to long-term vehicle leases, changes in market
conditions affecting the commercial rental market or the sale of used
vehicles, the effect of severe weather events, labor strikes or work stoppages
affecting our or our customers' business operations, adequacy of accounting
estimates and accruals particularly with respect to pension, taxes and
revenue, changes in general economic conditions, sudden changes in fuel
prices, availability of qualified drivers, our ability to manage our cost
structure, changes in government regulations including regulations regarding
vehicle emissions and the risks described in our filings with the Securities
and Exchange Commission. The risks included here are not exhaustive. New
risks emerge from time to time and 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.
Lisa Brumfield, +1-305-500-3668, or Lisa_Brumfield@Ryder.com, or Edward Rifenburg,
+1-305-500-4161, or Edward_Rifenburg@Ryder.com, both of Ryder System
http://www.prnewswire.com