Visteon Corporation Names Ryder as Top Supplier
04 May 2006 - 10:55PM
PR Newswire (US)
MIAMI, May 4 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE:R),
a global leader in transportation and supply chain management
solutions, today announced it was named "Global Visteon Important
Partner of the Year 2005" by Visteon Corporation (NYSE:VC) for
exemplifying "Best in Class" performance and year-over-year
consistent performance. "We rated Ryder as our best-in-class
third-party logistics partner and recognize Ryder for their
year-over-year consistent performance," said Jonathan K. Maples,
Visteon Vice President, Global Purchasing. "With their highly
skilled and motivated team, Ryder has consistently exceeded the
annual savings objectives and implemented creative solutions to
complex logistics issues. Throughout the past five years, Ryder has
demonstrated a very high level of responsibility, consistently
meeting our needs and surpassing expectations." The Visteon
Important Partner (VIP) program is a global program that was first
established in 2001. Winners are selected by Visteon's global
materials management team, with input from Visteon's global product
groups including purchasing, quality, product development and
manufacturing. Selection criteria are focused on supplier
performance in terms of quality, delivery, value, technical
capability and customer service. Award recipients must achieve 100
percent concurrence across all customer functions and operating
regions to confirm that they have demonstrated the high level of
performance that Visteon promotes within its supply base. Supplier
awards were granted for the following areas: metals, non-metals,
non-production goods and services, electronics, transportation and
local supplier of the year. "Ryder is proud to be a part of the
success of a company that is devoted to excellence and committed to
providing quality products and outstanding service to its
customers," said Ryder President of U.S Supply Chain Solutions
Vicki O'Meara. "Ryder is honored to once again receive this
recognition for providing supply chain innovations and operational
excellence in partnership with Visteon throughout the years." About
Visteon Corporation Visteon Corporation is a leading global
automotive supplier that designs, engineers and manufactures
innovative climate, interior, electronic and lighting products for
vehicle manufacturers, and also provides a range of products and
services to aftermarket customers. With corporate offices in Van
Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany;
the company has more than 170 facilities in 24 countries and
employs approximately 50,000 people. For more information about
Visteon Corporation visit http://www.visteon.com/ . About Ryder
Ryder is a Fortune 500 company providing 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. For
more information about Ryder System, Inc., visit
http://www.ryder.com/ . Note Regarding Forward-Looking Statements:
Certain statements and information included in this press release
are "forward-looking statements" under the Federal Private
Securities Litigation Reform Act of 1995. Accordingly, these
forward-looking statements should be evaluated with consideration
given to the many risks and uncertainties inherent in our business
that could cause actual results and events to differ materially
from those in the forward-looking statements. Important factors
that could cause such differences include, among others, our
ability to obtain adequate profit margins for our services, our
inability to maintain current pricing levels due to customer
acceptance or competition, customer retention levels, unexpected
volume declines, loss of key customers in the Supply Chain
Solutions (SCS) business segment, our failure to successfully
implement new growth initiatives in our FMS business segment,
unexpected reserves or write-offs due to the deterioration of the
credit worthiness or bankruptcy of certain customers in our SCS
business segment, changes in financial, tax or regulatory
requirements or changes in customers' business environments that
will limit their ability to commit to long-term vehicle leases,
changes in market conditions affecting the commercial rental market
or the sale of used vehicles, labor strikes or work stoppages
affecting our or our customers' business operations, adequacy of
accounting estimates and accruals, changes in general economic
conditions, sudden changes in fuel prices, availability of
qualified drivers, our ability to manage our cost structure,
changes in government regulations including regulations regarding
vehicle emissions and the risks described in our filings with the
Securities and Exchange Commission. The risks included here are not
exhaustive. New risks emerge from time to time and 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. DATASOURCE: Ryder System, Inc.
CONTACT: Lisa Brumfield, +1-305-500-3668, or , or Edward Rifenburg,
+1-305-500-4161, or , both of Ryder System Web site:
http://www.ryder.com/ http://www.visteon.com/
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