Ryder Receives Supplier of the Year Award from Toyota

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 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 for37 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.

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Source: Ryder System, Inc.

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