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Ryder Receives 2022 Overdrive Award from General Motors
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Ryder System, Inc. (NYSE: R) has been awarded the prestigious Overdrive award by General Motors (NYSE: GM) during GM’s 31st annual Supplier of the Year awards, held in San Antonio, Texas on March 22, 2023. Ryder was recognized among 16 companies for outstanding achievements in areas including sustainability, innovation, relationships, and supply chain efficiency. This marks the 11th time Ryder has received such recognition since the award's inception in 2012. With a partnership dating back to 1986, Ryder supports over 40 GM sites across North America, showcasing their long-term commitment and expertise in supply chain solutions.
The Overdrive award highlights Ryder's role in enhancing GM's supply chain resilience and efficiency, especially in a challenging automotive industry environment.
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Awarded Overdrive award by GM, recognizing achievement in sustainability and supply chain efficiency.
11-time recipient of GM Supplier of the Year award since the program began in 2012.
Long-standing partnership with GM since 1986, supporting 40+ GM sites in North America.
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Honored for outstanding achievements in sustainability, innovation, relationships, total enterprise cost, launch excellence, and safety
MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces that General Motors (GM) recognizes Ryder as an Overdrive award winner as part of GM’s 31st annual Supplier of the Year awards. Ryder was one of 16 companies to receive an Overdrive award for 2022 during a recent event in San Antonio, Texas.
General Motors honors Ryder with 2022 Overdrive Award during its 31st Annual Supplier of the Year event in San Antonio, Texas on March 22, 2023. Left to right: Sham Kunjur, GM executive director EV critical minerals CoE; Jeff Kosloski, Ryder VP supply chain; Tom Regan, Ryder SVP supply chain; Anirvan Coomer, GM executive director global purchasing and supply chain. (Photo: Business Wire)
First presented in 2012, the Overdrive award is a distinction reserved for suppliers who display outstanding achievement across the key priorities for GM’s global purchasing and supply chain organization. These include sustainability, innovation, relationships, total enterprise cost, launch excellence, and safety.
“We are thrilled to recognize these outstanding suppliers after yet another challenging year in the automotive industry,” said Jeff Morrison, vice president of global purchasing and supply chain for GM. “They overcame countless obstacles and exemplified what it means to be resilient, resourceful and determined. Beyond that, these suppliers demonstrated their commitment to sustainable innovation and to driving advanced solutions in collaboration with the GM team.”
Since the inception of the awards program, Ryder has been named a GM Supplier of the Year 11 times. And, with a relationship dating back to 1986, Ryder now provides supply chain services supporting more than 40 different GM sites across North America.
“We’re exceptionally proud of our 38-year relationship with GM and the level of expertise, continuous improvement, and innovation we provide that enable a more efficient and resilient supply chain,” says Steve Sensing, president of global supply chain solutions for Ryder. “We are honored to once again be named among GM’s top suppliers.”
Each year, the Supplier of the Year and Overdrive award recipients are selected by a global, cross-functional GM team for their performance in criteria such as product purchasing, global purchasing and manufacturing services, customer care and aftersales, and logistics.
Ryder has served the automotive industry for more than 55 years, implementing North America’s first large scale just-in-time supply delivery system; and, for more than 35 years, Ryder has provided solutions that reduce transit time and total landed cost on behalf of its customers.
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 warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmental stewardship, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com
About General Motors
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet,Buick,GMC,Cadillac, Baojun, Holden, and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.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.
What is the significance of the Overdrive award for Ryder System, Inc.?
The Overdrive award signifies Ryder's outstanding achievements in key supply chain areas, including sustainability and innovation, as recognized by General Motors.
When did Ryder System, Inc. receive the Overdrive award from GM?
Ryder received the Overdrive award from General Motors during the 31st annual Supplier of the Year awards held on March 22, 2023.
How many times has Ryder been recognized as GM's Supplier of the Year?
Ryder has been recognized as GM's Supplier of the Year 11 times since the inception of the award program in 2012.
What kind of support does Ryder provide to General Motors?
Ryder provides supply chain services supporting over 40 GM sites across North America, enhancing efficiency and resilience.
What criteria are used to select the Overdrive award winners by GM?
The Overdrive award winners are selected based on performance in sustainability, innovation, relationships, total enterprise cost, launch excellence, and safety.
