Ryder Named a Leader within Gartner’s Magic Quadrant for North American 3PLs
June 21 2017 - 6:55AM
Business Wire
Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated transportation, and supply chain solutions,
today announced that it was recognized as a leader within the May
2017 Magic Quadrant for Third-Party Logistics, North America by
Gartner, the world's leading information technology research and
advisory company. A leader is the highest possible position within
the quadrant. The Magic Quadrant evaluates 18 “third-party
logistics providers in North America to demonstrate how these 3PLs
compare with each other across a variety of detailed criteria.
These criteria are designed to define ‘what good looks like’ for
logistics providers in the region based on capabilities,
strategies, services, and operating models that customers prefer
when formulating their 3PL portfolio.”
“It’s an honor to be named a leader among other 3PLs in the
industry,” said Steve Sensing, President of Supply Chain Solutions,
Ryder. “Gartner’s Magic Quadrant is a highly respected key resource
for supply chain leaders. We believe it adds further credibility to
Ryder’s longstanding experience as a leading supply chain solutions
provider in the market, working as the secret ingredient to support
some of the best-run supply chains in the world with world-class
execution and innovative solutions across North America.”
Ryder Supply Chain Solutions optimizes logistics networks to
make them more responsive and able to be leveraged as a competitive
advantage. Globally-recognized brands in the automotive, consumer
goods, food and beverage, healthcare, industrial, oil and gas,
technology, and retail industries rely on Ryder’s leading
technologies and world-class logistics engineers to help them
deliver the goods that consumers use every day. Ryder’s LEAN
culture helps businesses achieve peak performance and increase
profitability and efficiency – all while improving quality.
Operating 189 facilities with 44 million square feet of warehouse
space, Ryder offers flexible solutions as well as end-to-end
visibility – no matter how challenging or diverse the storage and
distribution needs may be. Ryder currently provides comprehensive
logistics and supply chain management solutions to companies with
operations in the U.S., Canada, Mexico, the U.K., and Singapore,
and also contracts with more than 2,100 providers of all modes of
transportation in the markets it serves.
According to Gartner, “Leaders rate well on the highly weighted
criteria for both Ability to Execute and Completeness of Vision.
These strong performing and full-service 3PL providers offer a
broader portfolio of logistics functions and typically value-added
services that span the end-to-end supply chain and have specific
industry variations that customers can leverage. They understand
North American logistics market drivers, regional nuances and
customer needs, and translate that understanding into service
offerings that are locally fit for purpose and supported by the use
of leading technologies. Leaders have well-structured strategies
and business models that support the continued expansion of their
regional capabilities and services coverage. Leaders are trusted
and relied on by customers to help them achieve top logistics
performance within the U.S., Canada and Mexico.”
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted
in its research publications, and does not advise technology users
to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions
of Gartner's research organization and should not be construed as
statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and
the S&P MidCap 400® index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company is a proud
member of the American Red Cross Disaster Responder Program,
supporting national and local disaster preparedness and response
efforts. For more information, visit www.ryder.com, and follow us
on our Online Newsroom and social media pages: Facebook, LinkedIn,
Twitter, Instagram, and YouTube.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170621005123/en/
Ryder System, Inc.Jennifer Hanlon,
305-500-4547Jennifer_A_Hanlon@Ryder.comorDavid Bruce,
305-500-4999Dbruce@Ryder.com
Ryder System (NYSE:R)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ryder System (NYSE:R)
Historical Stock Chart
From Apr 2023 to Apr 2024