Ryder Provides Customized Solutions That Drive Efficiencies and
System, Inc. (NYSE: R), a leader in transportation and supply chain
management solutions, today announced that it is introducing new
transportation and logistics solutions for the oil and gas industry,
including customized Dedicated
Management, and fleet Leasing
services. Through these specialized services, Ryder is providing better
ways for customers to transport equipment to job sites, improve
visibility throughout the supply chain, and maximize up-time and
transportation solutions that safely move oilfield and offshore
shipments from one location to another.
Key benefits to customers, such as producers, suppliers, drillers, and
service providers include: millions of dollars in premium shipments cost
avoidance (per year), up to a 30 percent reduction in fleet equipment,
up to 50 percent fewer pickup and delivery delays, and up to a 20
percent increase in load efficiency.
Ryder Dedicated is a turnkey solution that provides new ways to be
nimble, run lean and stay safe by combining company drivers, vehicles,
maintenance, routing, scheduling, management, and administrative
support. It is especially optimal for companies in the oil and gas
industry, which have specialized equipment and product handling needs.
To complement the Dedicated solution, Ryder also offers a transactional
Flatbed Carrier Service for oil and gas companies. This specialized
service operates in major oil and gas lanes throughout Texas, Louisiana
and Oklahoma and helps ensure that customer materials can be moved into
position quickly and without incident. Both Ryder Dedicated and Flatbed
Carrier Services enable customers to access Ryder's fleet of
well-maintained vehicles and 24-hour roadside assistance to improve
uptime and keep shipments on schedule. Customers also benefit from
Ryder's outstanding driver safety and compliance expertise.
Oil and gas companies that take advantage of Ryder's Transportation
Management solution leverage the company's $4 billion a year in common
carrier spend to reduce transportation costs while obtaining the highest
quality service. On-site Ryder management and logistic engineers work
with our customers to continuously improve the solution as well as
engage key stakeholders in the process. Transportation Management takes
care of the planning, procurement, execution, and management of
transportation networks. As part of this offering, Ryder arranges
multi-modal, domestic and international transportation, including rate
and service negotiation and contract management. Ryder also handles the
auditing, processing and payment of carrier freight bills.
Additionally, Ryder provides Fleet
Management Solutions for the oil and gas business that include:
rugged vehicles available for lease or rent with customized
specifications designed for the harsh environments of oil and gas
trucking; standardized preventive maintenance services performed at more
than 800 service locations throughout the U.S. and Canada, and mobile
maintenance services including 24-hour roadside assistance; the ability
to relocate equipment around the company's national network of service
facilities; short-term vehicle rental to handle peak volumes and special
projects; fleet and driver safety and compliance services; and insurance
coverage and financing options.
"Companies that drill for oil and gas are facing significant
transportation challenges due to the increase in road transportation
requirements with the expanding natural gas industry in the U.S.," said
Senior Vice President of Ryder Dedicated, John Sonia. "We can put our
industry-leading safety and maintenance practices, skilled professional
drivers, logistics engineering expertise, and unmatched transportation
buying power to work for oil and gas businesses looking to increase
efficiencies, reduce costs and improve safety and service in their
Ryder has deep expertise in providing transportation and logistics
solutions for the oil and gas industry. For example, the company manages
all port deliveries to support 18 offshore rigs in the Gulf of Mexico
for a major oil company, with 61 dedicated drivers and a network of
transportation partners. Its Control
Tower solution for an equipment and supplies provider includes
on-site staff in Houston, Oklahoma and Louisiana executing more than
75,000 truckloads per year.
To learn more about Ryder's supply chain solutions for the oil and gas
industry, visit http://www.ryder.com/supply-chain/solutions-by-industry/energy-and-utilities/oil-and-gas.aspx.
Ryder is a FORTUNE 500® commercial transportation, logistics and supply
chain management solutions company. Ryder's stock (NYSE:R) is a
component of the Dow Jones Transportation Average and the Standard &
Poor's 500 Index. Inbound Logistics magazine has recognized Ryder
as a top third party logistics provider and green supply chain partner.
Ryder has also been ranked three years in a row as one of the top 250
U.S. companies in the Newsweek Green Rankings. In addition, Security
Magazine has named Ryder one of the top companies for security practices
in the transportation, logistics, supply chain, and warehousing sector.
Ryder is a proud member of the American Red Cross Annual Disaster Giving
Program, supporting national and local disaster preparedness and
response efforts. For more information, visit www.ryder.com
and follow us on Facebook,
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 System, Inc.
Cindy Haas, 305-500-4526