Ryder Named 2022 Top Green Supply Chain Partner by Inbound Logistics

Rhea-AI Summary

Ryder System, Inc. (NYSE: R) has been recognized as a "Green Supply Chain Partner" for the 14th consecutive year by Inbound Logistics. This award highlights Ryder's commitment to sustainability and efficiency in its logistics services. The company has made significant investments in technologies like RyderShare™ to enhance supply chain visibility and reduce environmental impact. Strategies employed include utilizing solar energy in warehouses and recycling automotive waste. Ryder aims for continuous improvement while maintaining strong recognition in environmental practices.

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• Recognized as a "Green Supply Chain Partner" for 14 years, showcasing commitment to sustainability.
• Invested in RyderShare™ technology for enhanced supply chain efficiency and waste reduction.
• Utilizes solar energy, LED lighting, and electric forklifts to minimize energy consumption in warehouses.
• Piloting advanced technologies like autonomous mobile robots to improve productivity.

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• None.

Recognized for 14 consecutive years, the distinction underscores Ryder’s commitment to efficiency and sustainability

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces it has been named as a “Green Supply Chain Partner” in the annual Inbound Logistics “G75” special section for the 14th consecutive year. This award recognizes the 75 leading third-party logistics providers that demonstrate a deep commitment to efficiency and sustainability.

Ryder named a “Green Supply Chain Partner” in the annual Inbound Logistics “G75” special section for the 14th consecutive year. (Photo: Business Wire)

“As a leader in transportation and logistics, Ryder is uniquely positioned to reduce the environmental impacts of our own operations as well as those of our customers,” says Steve Sensing, president of global supply chain solutions for Ryder. “One way we do that is by investing in technologies that find efficiencies and drive waste out of the supply chain. Our RyderShare™ technology, for example, enables real-time visibility and collaboration across the end-to-end supply chain, resulting in reduced out-of-route miles.”

In the warehouses Ryder manages, the company utilizes solar-sourced power, LED lighting, and electric forklifts where possible, to help reduce power consumption. Ryder also continues to pilot technologies such as autonomous mobile robots, robotic trailer unloading, automated storage and retrieval systems (ASRS), and other goods-to-person solutions to optimize productivity. Additionally, ASRS maximize warehouse space by storing inventory in a dense cubic layout and eliminating the need for aisles traditionally required for material handling equipment and operators.

“We focus on continuous improvement across all functions, analyzing process flows to identify waste and eliminate anything that doesn’t create value,” adds Sensing.

For automotive waste, Ryder contracts vendors who recycle or refine and reuse most of its wastes, including nearly three million gallons of used oil from maintenance and fueling locations. Ryder invests in alternative fuel technology and other emerging technologies that improve fuel economy and reduce emissions.

Ryder has received significant awards and recognition from customers, industry associations, and regulatory communities, such as the U.S. Environmental Protection Agency SmartWay High Achiever Award (2020) and the SmartWay Excellence Award (2013-2014, 2017, 2021).

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 239,000 commercial vehicles and operates more than 330 warehouses, encompassing more than 80 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. 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, including our expectations of RyderShare’s capabilities and our sustainability and technology initiatives, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220720005114/en/

Anne Hendricks

(305) 500-4547

amhendricks@ryder.com

Amy Federman

(305) 500-4989

afederman@ryder.com

Source: Ryder System, Inc.

FAQ

What recent recognition did Ryder System, Inc. receive?

Ryder System, Inc. was named a 'Green Supply Chain Partner' for the 14th consecutive year by Inbound Logistics.

What technologies is Ryder investing in for sustainability?

Ryder is investing in technologies like RyderShare™ for supply chain efficiency and alternatives like solar energy and electric forklifts.

How does Ryder contribute to environmental sustainability?

Ryder reduces environmental impact through solar power, electric forklifts, and recycling initiatives.

What is Ryder's business focus regarding logistics?

Ryder focuses on supply chain solutions, dedicated transportation, and fleet management.

How many years has Ryder been recognized for its environmental efforts?

Ryder has been recognized for its environmental efforts for 14 consecutive years.