Ryder Earns Anti-Terrorism Certification for Third Party Logistics Operations in U.S., Canada, and Mexico
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MIAMI, FL, Jun 24 (MARKET WIRE) --
Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain
management solutions, announced its certification as a Third Party
Logistics Provider (3PL) in the Customs-Trade Partnership Against
Terrorism (C-TPAT) for logistics operations in the U.S., Canada, and
Mexico. The 3PL certification enhances Ryder's existing C-TPAT
certification as a Highway Carrier received in 2003, enabling the Company
to incorporate its more complex supply chain operations in North America
into the program.
C-TPAT is a joint government-business initiative supported by the
Department of Homeland Security and U.S. Customs and Border Protection.
Since its inception, C-TPAT has sought to build voluntary cooperative
relationships with importers, carriers, brokers, warehouse operators and
manufacturers that promote global supply chain security and reduce border
vulnerabilities. The creation of the new Third Party Logistics Provider
enrollment category in 2008 is part of a continuing evolution of the
C-TPAT program and its efforts to include those supply chain sectors that
add value to U.S. Customs and Border Protection's efforts to protect the
supply chain.
"Implementation of the Third Party Logistics Provider category for C-TPAT
reinforces the extensive impact that outsourced logistics providers have
on international supply chain security," said Ryder President of Global
Supply Chain Solutions, John Williford. "C-TPAT has become the benchmark
for doing business with importers and large manufacturers in the U.S. and
Ryder's participation in the program reflects its commitment to improving
supply chain and cargo security."
Businesses are required to apply for participation in C-TPAT and must
conduct a comprehensive assessment of their supply chain security using
the C-TPAT security guidelines developed by U.S. Customs and Border
Protection and the trade community.
Ryder has supply chain operations throughout the U.S., Canada and Mexico,
and in Asia. For customers who rely on Ryder to safely and securely
transport their products throughout North America, the C-TPAT
certification helps to ensure that border crossings are faster and
smoother. Ryder currently supports several C-TPAT importers and foreign
manufacturers from hundreds of locations across North America.
About Ryder
Ryder provides leading-edge transportation, logistics and supply chain
management solutions. Ryder's stock (NYSE: R) is a component of the Dow
Jones Transportation Average and the Standard & Poor's 500 Index. Ryder
ranks 399th on the FORTUNE 500(R). For more information on Ryder System,
Inc., visit www.ryder.com.
Note Regarding Forward-Looking Statements: Certain statements and
information included in this news release are "forward-looking statements"
within the meaning of the Federal Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on our current plans
and expectations and are subject to risks, uncertainties and assumptions.
Accordingly, these forward-looking statements should be evaluated with
consideration given to the many risks and uncertainties that could cause
actual results and events to differ materially from those in the
forward-looking statements including those risks set forth in our periodic
filings with the Securities and Exchange Commission. New risks emerge from
time to time. 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.
For Information Contact:
Cindy Haas
(305) 500-4526
Email Contact
Lisa Hagen
(305) 500-3668
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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