Ryder Receives Supplier-of-the-Year Award from Toyota

Rhea-AI Summary

Ryder System (NYSE: R) has been awarded Toyota North America's 'Cross Dock Supplier of the Year' for operational excellence at its San Luis Potosi, Mexico facility. The recognition was based on key performance indicators including safety, quality, productivity, and cost savings. Ryder, which has partnered with Toyota for 37 years, supports Toyota's North American manufacturing with cross-border transportation services between the U.S., Mexico, and Canada. The company recently expanded its presence with new facilities in Laredo and El Paso, Texas, performing over 320,000 cross-border freight movements annually.

Positive

• Recognition as Toyota's Cross Dock Supplier of the Year demonstrates operational excellence
• 37-year long partnership with Toyota indicates strong business relationship
• Strategic expansion with new facilities in key U.S.-Mexico border locations
• High volume of cross-border operations with 320,000 annual freight movements

Negative

• None.

Insights

Market Research Analyst

This award recognition, while positive for Ryder's reputation, has minimal direct financial impact. However, the broader context reveals significant strategic positioning in the U.S.-Mexico cross-border logistics market. The company's expansion in key trade hubs like Laredo and El Paso, handling 320,000 annual cross-border freight movements, indicates strong positioning to capitalize on nearshoring trends.

The 37-year relationship with Toyota demonstrates Ryder's stability in automotive logistics. Their recent facility expansions in strategic locations suggest proactive investment in growing cross-border trade opportunities. This positions Ryder to benefit from increasing nearshoring activities across automotive, technology and CPG sectors, potentially driving future revenue growth.

• Toyota North America names Ryder “Cross Dock Supplier of the Year”
  
  
  
  
• Award based on key indicators for safety, quality, productivity, cost savings, and continuous improvement at Ryder cross dock in San Luis Potosi, Mexico
  
  
  
  
• Ryder supports Toyota’s North American manufacturing locations with over-the-road transportation in U.S.; cross-border transportation between U.S., Mexico, and Canada

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R) is Toyota North America’s “Cross Dock Supplier of the Year.” During Toyota’s 2024 Annual Supplier Conference in Plano, Texas, Toyota honored Ryder for operational excellence at Ryder’s cross dock in San Luis Potosi, Mexico.

Toyota North America honored Ryder with the “Cross Dock Supplier of the Year” award for operational excellence at Ryder’s cross dock in San Luis Potosi, Mexico, during Toyota’s 2024 Annual Supplier Conference in Plano, Texas. Pictured left to right: Andria Anderson, general manager accessories, logistics and packaging, Toyota; Frank Bateman, vice president, Ryder; Karina Amposta, director of operations, Ryder Mexico; Steve Brown, vice president parts supply chain, Toyota; Jenny Dyer, senior manager purchasing supplier development, Toyota. (Photo: Business Wire)

Toyota selected Ryder based on a combination of key indicators for safety, quality, productivity, and cost savings. Another critical component is Ryder’s commitment to Toyota’s management philosophy, which is focused on continuous improvement and respect for people.

“We’ve been working with Toyota for 37 years, so we’re really one team,” says Frank Bateman, vice president of automotive supply chain solutions for Ryder. “We share very similar cultures focused on continuous improvement to drive efficiencies in the supply chain. We treat our people with respect to ensure we have the best talent in the industry. In turn, we keep service levels high. This recognition is a testament to that.”

Over the years, Ryder has won multiple awards for meeting Toyota’s highest standards for innovation, quality, delivery, performance, cost savings, value improvement, strategic management, quality engineering and safety leadership.

Ryder supports Toyota manufacturing locations across North America with over-the-road transportation in the U.S. and cross-border transportation between the U.S., Mexico, and Canada; border-crossing administration; free trade zone consolidation; Mexico cross docking; plant yard management and shunting; and in-plant third-party logistics and engineering.

Earlier this year, Ryder announced the opening of a new multiclient warehouse and cross dock in Laredo, Texas and the expansion of a drayage yard in Nuevo Laredo, Mexico. Laredo is the United States’ top inland port, and the Ryder facilities there support growth in nearshoring activity for its automotive customers, as well as the technology, industrial, and consumer packaged goods (CPG) industries.

Additionally, Ryder opened a second multiclient logistics facility at another top U.S.-Mexico port in El Paso, Texas, a critical trade corridor for northbound goods out of Juarez, Mexico.

Ryder makes more than 320,000 cross-border freight movements annually between the U.S., Canada, and Mexico for customers. And, for more than 55 years, Ryder has served the automotive industry, implementing the first large-scale just-in-time supply delivery system in North America.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, 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 250,000 commercial vehicles, services fleets at 760 maintenance locations, and operates nearly 300 warehouses encompassing more than 100 million square feet. Ryder is regularly recognized for its industry-leading practices; technology-driven innovations; corporate responsibility; environmental management; safety, health 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 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.

ryder-ar

View source version on businesswire.com: https://www.businesswire.com/news/home/20241031126605/en/

Anne Hendricks, amhendricks@ryder.com

Amy Federman, afederman@ryder.com

Source: Ryder System, Inc.

FAQ

What award did Ryder (NYSE: R) receive from Toyota in 2024?

Ryder received Toyota North America's 'Cross Dock Supplier of the Year' award during Toyota's 2024 Annual Supplier Conference in Plano, Texas.

Where is Ryder's (NYSE: R) award-winning cross dock facility located?

Ryder's award-winning cross dock facility is located in San Luis Potosi, Mexico.

How many cross-border freight movements does Ryder (NYSE: R) make annually?

Ryder makes more than 320,000 cross-border freight movements annually between the U.S., Canada, and Mexico.

What new facilities did Ryder (NYSE: R) open to support U.S.-Mexico trade?

Ryder opened a new multiclient warehouse and cross dock in Laredo, Texas, expanded a drayage yard in Nuevo Laredo, Mexico, and opened a second multiclient logistics facility in El Paso, Texas.