Sherwood Food Distributors Renews and Expands Transportation Contract With Ryder
- Ryder to Provide More Than 250 Full Service Lease Units and Additional On-site Maintenance Services for Refrigerated Trailers -
MIAMI, June 5 -- Ryder System, Inc. , a global leader in transportation and supply chain management solutions, today announced that Sherwood Food Distributors, a privately held national distributor of fresh and frozen meat, poultry and deli products, has renewed its contract and expanded its fleet through Ryder's Full Service Lease (FSL) product offering.
"We have counted on Ryder since 1982 and they continue to be a solid partner that is a true extension of Sherwood," said Sherwood's Vice President of Transportation, Phil Walega. "They service our customers every day by providing quality, reliable equipment that ensures our ability to deliver goods to our customers where they want it, on time and at competitive prices. Ryder's uncompromising, longstanding commitment to provide quality proactive fleet management services translates into our promise of customer service. That's what a true partnership is all about."
Under the multi-year contract, Ryder supports Sherwood's transportation operations with a full service lease solution providing a combined fleet of more than 250 power units and refrigerated trailers. Ryder also provides contract maintenance services for refrigerated trailers owned by Sherwood. Ryder performs maintenance services for the leased fleet and for Sherwood's trailers on site at Sherwood's locations in Detroit, Michigan, and Maple Heights, Ohio.
Ryder's FSL and maintenance service 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 specifications; administrative support; and driver safety services.
"Ryder's extensive experience in the food and beverage industry, coupled with the continuous support of Sherwood Food Distributors' management, allows us to quickly assess each location's specific transportation and maintenance needs and work accordingly to help meet key business objectives," said Tony Tegnelia, President of U.S. Fleet Management Solutions for Ryder. "We are confident that our solution will enable Sherwood to run a more efficient business with excellent customer service."
About Sherwood Food Distributors
Founded in 1987, Sherwood Food Distributors is a privately held national distributor of fresh and frozen meat, poultry and deli products serving nearly half the United States with a vast network of offices and distribution sites stretching from Dallas to Buffalo. Sherwood's huge inventory of more than 800,000 cases in stock, logistical management expertise and technology ensure that their customers' facilities and buying programs are successful. Sherwood delivers 12 million pounds of products a week to nearly 5,000 customers while maintaining a tradition of service, quality and innovation. Additional information about Sherwood Food Distributors is available at www.Sherwoodfoods.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 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.