Gibraltar Industries Expands Transportation Operations With Ryder to Include Three Additional Subsidiaries
- Ryder to Provide Dedicated Contract Carriage for Gibraltar's Appleton, Southeastern Metals/SEMCO and DOT Metal Products Subsidiaries -
MIAMI, July 25 -- Ryder System, Inc. , a global leader in supply chain, warehousing and transportation management solutions, today announced that Gibraltar Industries, Inc. , a leading manufacturer, processor and distributor of metals for the building, vehicular and industrial markets, has expanded its transportation contract with Ryder and has added Dedicated Contract Carriage (DCC) services for three Gibraltar subsidiaries -- Appleton Supply Co., Inc., Southeastern Metals Company/SEMCO and DOT Metal Products, Inc.
"We needed a national transportation provider that could leverage our network of multiple divisions and drive efficiencies throughout our supply chain," said John E. Wagner, Vice President of Supply Chain Management for Gibraltar Industries. "Our decision to outsource additional transportation functions to Ryder is a direct result of the quality service and total cost benefits this partnership has been able to deliver to our customers and Gibraltar. We have confidence in Ryder's transportation and logistics capabilities."
Since 2004, Ryder has provided Full Service Lease services for Gibraltar. Ryder's transportation services are being expanded to include Dedicated Contract Carriage services for three of Gibraltar's subsidiaries. Additionally, Ryder will be co-located at Appleton Supply Co., Inc.'s manufacturing facility in Appleton, Wis., and Southeastern Metals Company's manufacturing facility in Jacksonville, Fla., to manage and consolidate less- than-truckload (LTL) shipments into multi-stop truckloads and fill backhaul lanes through Ryder's Transportation Management Center.
"Ryder is proud to expand its role with Gibraltar and help contribute to its reputation of providing excellent customer service," said Vicki O'Meara, Ryder President of U.S. Supply Chain Solutions. "We are confident that our solution will add value throughout their distribution channel, helping Gibraltar lower their transportation costs while supporting their growth objectives."
About Gibraltar Industries
Gibraltar Industries is a leading manufacturer, processor and distributor of metals and other engineered material for the building products, vehicular and other industrial markets. The Company serves a large number of customers in a variety of industries in all 50 states, Canada, Mexico, Europe, Asia and Central and South America. It has approximately 3,400 employees and operates 74 facilities in 26 states, Canada and China. Further information on Gibraltar Industries is available on the Internet at: www.Gibraltar1.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 presentation 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.