Ryder System, Inc. (NYSE: R), a leader in supply chain, warehousing and transportation management solutions, today announced that Alabama Metal Industries Corporation (AMICO), a leader in the manufacturing and distribution of industrial flooring/grating and expanded metal products throughout North America, has selected Ryder to manage its transportation operations in the U.S. and Canada.
"We selected Ryder because of their proven ability to design, manage, and optimize transportation, resulting in reduced transportation costs and improved flexibility and customer service across all AMICO locations," said Joe Smith, President of AMICO. "We are confident that collaborating with Ryder will help us operate more efficiently and cost effectively."
Under the multi-year Transportation Management contract, Ryder will develop and manage a customized transportation solution. Utilizing leading edge technology and standardized processes across the entire AMICO enterprise, Ryder will use common carrier, LTL, truckload or a dedicated fleet for optimal delivery. AMICO will rely on Ryder for shipment planning, execution, optimization and transportation visibility of its inbound supply orders and outbound product delivery through its 18 AMICO hub locations in the U.S. and Canada for final execution. Additionally, Ryder will provide a turnkey Dedicated Contract Carriage solution that includes 25 vehicles, 26 drivers, fleet management, and preventive and programmed maintenance for the equipment to support delivery of their products.
"AMICO is a market leader in metals and their focus on quality, innovation, and deep commitment to customer satisfaction continues to be a success factor to their growth," said Ryder President of Supply Chain Solutions John Williford. "We are grateful for the opportunity to be a collaborative partner and look forward to driving value throughout their supply chain."
About AMICO
Alabama Metal Industries Corporation (AMICO) is a leader in the manufacturing and distribution of Industrial Flooring/Grating and Expanded Metal Products throughout North America. An extensive line of Plastering, Stucco and Drywall Building Products, Concrete Forming Products, Security Barrier Products, Fiberglass Structural Products, Perforated Metals and Access Floor Systems amplify AMICO's entire product repertoire.
Originating in a lumberyard, AMICO began in 1939 as a manufacturer of metal lath and accessories. Today, metal lath is just one of many products manufactured in 14 locations throughout North America and distributed from 17 distribution centers, coast to coast. For more information, visit www.amico-online.com.
About Ryder
Ryder provides leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's stock (NYSE: R) is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. Ryder ranks 371st on the Fortune 500 and 1,631st on the Forbes Global 2000. For more information on Ryder System, Inc., visit 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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