The Dallas Morning News Renews Transportation Operations With Ryder; Services Provided As Part Of Ryder's Dedicated Contract Carriage Offering

    MIAMI--May 20, 2002--The Dallas Morning News, an A.H. Belo Corporation newspaper with an average daily circulation of more than 600,000, has renewed a multi-year, multi-million dollar contract with Ryder System, Inc. , a global leader in transportation and supply chain management solutions. Under the Dedicated Contract Carriage (DCC) services contract, Ryder manages the delivery of The Dallas Morning News from its printing plants to 15 circulation distribution centers in the Dallas/Fort Worth Metroplex and throughout Texas, Okla., Ark., and La. The contract provides a turnkey package that includes 46 drivers, 14 straight trucks, 15 tractors, 29 trailers, fleet management and preventive maintenance services, as well as management for 44 independent contractors. The Dallas Morning News has been a Ryder customer since 1995.
    Ryder's DCC service is a customized bundle of transportation management services for the delivery of a customer's products that optimizes its private fleet operations and allows its management to be more focused on core business issues. A combination of specially designed trucks and equipment and a strategic design of transportation procedures will continue to allow The Dallas Morning News distribution system to operate more efficiently.
    "Since outsourcing our transportation operations to Ryder, we have experienced a substantial improvement in transportation and logistics efficiencies. In addition to the daily delivery of the newspaper, Ryder handles the transportation of all newspaper sections and supplies, as well as manages the delivery of all product sample inserts to the newspaper's Distribution Centers," said Jeff Beckley, Vice President of Circulation of The Dallas Morning News. "This enables us to concentrate on offering the highest standard of service possible to our readers and advertising customers."
    "Ryder's extensive experience in the newspaper industry, coupled with the continuous support of The Dallas Morning News' management, allows us to quickly assess the newspaper's transportation needs and help meet its key business objectives. We continuously evaluate and upgrade operating models for delivering increased efficiencies," said Cliff Sorrell, Vice President of Operations for Ryder's Southwest Region. "We are proud of the operational excellence we have achieved in partnership with The Dallas Morning News throughout the years and the renewal of our DCC contract is a strong validation of Ryder's capabilities and presence as a major logistics provider to the newspaper industry."
    Ryder has been serving the newspaper and publishing industry for more than 50 years and currently has business relationships with 70 newspapers nationally, including the Chicago Tribune, Houston Chronicle, The Kansas City Star, Los Angeles Times and The Miami Herald.

    About Belo

    Belo is one of the nation's largest media companies with a diversified group of market-leading television, newspaper, cable and interactive media assets. A Fortune 1000 company with approximately 7,800 employees and $1.4 billion in annual revenues, Belo operates news and information franchises in some of America's most dynamic markets and regions, including Texas, the Northwest, the Southwest, Rhode Island, and the Mid-Atlantic region. Belo owns 19 television stations (six in the top 16 markets) reaching 13.9 percent of U.S. television households; owns or operates six cable news channels; and manages one television station through a local marketing agreement. Belo publishes four daily newspapers: The Dallas Morning News, The Providence Journal, The Press-Enterprise (Riverside, Calif.) and the Denton Record-Chronicle (Denton, Texas). Belo Interactive's new media businesses include 34 Web sites, several interactive alliances, and a broad range of Internet-based products.
    For more information on Belo Corporation, visit http://www.belo.com.

    About Ryder

    Ryder provides leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management. Additionally, Ryder offers comprehensive supply chain solutions, consulting, lead logistics management services and e-Business solutions that support customers' entire supply chains, from inbound raw materials and parts through distribution and delivery of finished goods. Ryder serves customer needs throughout North America, in Latin America, Europe and Asia.
    For the sixth consecutive year, Ryder was featured in the 2002 Fortune Most Admired Companies survey of corporate reputations. Forbes named Ryder to its "Magnetic 40" as "Best in Transportation and Logistics" for creating a "network of partnerships that can spur growth, innovation and most important, serve customers better." InternetWeek named Ryder as one of the top 100 U.S. companies for effectiveness in using the Internet to achieve tangible business benefits. For the fourth consecutive year, Inbound Logistics recognized Ryder in 2001 as the top third-party logistics provider. The National Safety Council selected Ryder to receive the 2002 Green Cross for Safety Medal - its highest honor - for exemplary commitment to workplace safety and corporate citizenship.
    Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. With 2001 revenue of $5.01 billion, Ryder ranks 341st on the Fortune 500 and 326th on the Barron's 500.
    For more information on Ryder System, Inc., visit http://www.ryder.com.