ZF Batavia Selects Ryder as Lead Logistics Manager; Ryder to Provide Inbound Supplier Management, Global Transportation Management, Warehousing and Consolidation, and Just-In-Time Deliveries

    MIAMI--Aug. 19, 2002--ZF Batavia, a joint venture of the Ford Motor Company and ZF Friedrichshafen, a leader in manufacturing transmissions and steering systems based in Germany, announced today it has awarded a multi-year, lead logistics manager contract to Ryder System, Inc. , a global leader in supply chain and transportation management solutions.
    "We are proud that our automotive industry leadership, supply chain innovations and operational excellence has been recognized by ZF Batavia. Ryder looks forward to an ongoing relationship that will further strengthen the supply chain efficiencies that contribute to their profitable growth," said Tom Jones, Ryder's senior vice president of Automotive, Aerospace & Industrial.
    "ZF Batavia is a global leader in the design and manufacture of automatic transmissions for the automotive industry," said Kurt Gogolin, ZF Batavia's director of Supplier Management and Procurement Services. "We have partnered with Ryder because of its demonstrated leadership in transportation and freight management services."
    The scope of lead logistics services Ryder provides includes: management and compliance of all inbound materials from 300 suppliers; network design; shipment planning and execution; freight bill audit and payment; global freight management and warehouse management; and just-in-time (JIT) delivery of product to the manufacturing site as required to support transmission production schedules.
    "Ryder is a leader in providing the kinds of complex, integrated logistics demanded in the Automotive Tier One market," said Bob Denehy, Ryder's director of Business Development for Automotive and Industrial. "Batavia's decision underscores Ryder's reputation for designing, implementing and executing a more efficient, high-quality value chain solution for the industry."
    "Batavia's requirements for global and domestic integrated JIT production solution mandated that we conduct an arduous evaluation process of the world's leading 3PLs," said Nader Masadeh, ZF Batavia's Logistics Manager. "I congratulate the ZF Batavia team and their thorough efforts in identifying the best 3PL to support our ongoing global value chain needs."

    About ZF Batavia

    ZF Batavia is a joint venture formed between ZF Friedrichshafen of Germany and Ford Motor Company in January 1999. The operation was previously a Ford transmission manufacturing plant. The joint venture was formed in order to mass-produce a new technology transmission called a Continuously Variable Transmission (CVT).
    Batavia manufactures about 350,000 four-speed automatic transmissions for the Ford Escape, Mercury Cougar, Mazda 626 and European Mondeo.

    About Ryder

    Ryder provides leading-edge logistics, supply chain and transportation 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.
    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. 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 fifth consecutive year, Inbound Logistics recognized Ryder in 2002 as the top third-party logistics provider.
    Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. With 2001 revenue of $5-billion, Ryder ranks 341st on the Fortune 500 and 326th on Barron's 500.
    For more information on Ryder System, Inc., visit www.ryder.com.