MIAMI, Sept. 5 /PRNewswire-FirstCall/ -- Ryder System, Inc. , a global leader in transportation and supply chain management solutions, today announced it has been awarded a multi-year contract to provide Full Service Lease (FSL) and maintenance services for Dunn-Edwards Paints, one of the largest paint manufacturers in the United States.
"Dunn-Edwards needed a transportation solution that would improve customer service, drive safety compliance, and bring added efficiencies to its existing fleet by being able to address any short-term or emergency needs that may arise," said John Faulkner, Director of Operations for Dunn-Edwards. "Ryder has been an industry leader for nearly 75 years and we trust that they will help us service our customers every day by providing quality, reliable equipment that ensures our ability to deliver goods to our customers when they need it."
Under the five-year contract, Ryder will provide Dunn-Edwards' transportation operations with a full service lease solution providing a combined fleet of more than 140 tractors, trailers, stake beds and pick-ups to support outbound transportation of Dunn-Edwards' products from three distribution centers (Tempe, Arizona; Los Angeles, California; and Albuquerque, New Mexico) to more than 80 retail locations throughout Arizona, California, Nevada, New Mexico and Texas. Ryder will also provide maintenance services for more than 50 trailers in Dunn-Edwards' fleet.
Ryder's FSL and maintenance offering is a customized transportation solution that provides customers with vehicles and a variety of support services including emergency roadside assistance, preventive maintenance services, fueling, equipment evaluations and specification, fleet management reporting tools, administrative support, and driver safety programs.
"Ryder is honored to have earned the opportunity to partner with an outstanding, reputable company like Dunn-Edwards. Ryder will help support Dunn-Edwards' growth, dedication to customer service and safety, and future productivity objectives," said Tony Tegnelia, President of U.S. Fleet Management Solutions for Ryder.
About Dunn-Edwards Paints
Dunn-Edwards has produced and sold premium paint products for 80 years throughout the Southwest. Operating more than 80 stores in California, Arizona, Nevada, New Mexico and Texas, Dunn-Edwards is one of the nation's largest independent, employee-owned manufacturers and distributors of interior and exterior paints and painting supplies. Based in Southern California, the company is comprised of approximately 1,500 employees. To learn more about Dunn-Edwards, visit http://www.dunnedwards.com/.
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 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.
