MIAMI, May 8 /PRNewswire-FirstCall/ -- Ryder System, Inc. , a global leader in supply chain, warehousing and transportation management solutions, today announced it was named as a General Motors Supplier of the Year for its overall business performance in providing GM with world-class parts and services. The award was given during ceremonies Saturday, April 29, at GM's Vehicle Engineering Center at the General Motors Technical Center in Warren, Mich.
"We consider Ryder to be a role model for all suppliers. They are recognized as a GM Supplier of the Year because they exceeded our expectations in 2005," said Bo Andersson, Vice President of Global Purchasing and Supply Chain. "Ryder is one of the best in the world and we thank them for their hard work and commitment to helping make GM vehicles the best in the world."
"Ryder is honored to once again be recognized as a Supplier of the Year by GM," said Vicki O'Meara, President of U.S. Supply Chain Solutions for Ryder. "Ryder is proud to be a part of GM's quality reputation and success globally, and we look forward to continuing our long-standing relationship."
The GM Supplier of the Year award began as a global program in 1992. Winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price. This year, General Motors honored 85 suppliers for their outstanding performance throughout 2005.
About Ryder
Ryder is a Fortune 500 company providing leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. For more information about Ryder System, Inc., visit http://www.ryder.com/ .
Note Regarding Forward-Looking Statements: Certain statements and information included in this press release 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 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, labor strikes or work stoppages affecting our or our customers' business operations, adequacy of accounting estimates and accruals, 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.
