Consolidates and streamlines operations, speeds
shipping times, and saves costs
Ryder System, Inc. (NYSE: R), a leader in supply chain,
dedicated transportation, and fleet management solutions, announces
the opening of a one-million-square-foot North American
distribution center for Lexmark, a global imaging and IoT solutions
leader. The new, purpose-built facility consolidates two Lexmark
operations into one, streamlining the receiving and shipping of
printers and copiers, toner cartridges, and spare parts for a more
efficient customer order fulfillment process.
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Ryder opens new, one-million-square foot
North American distribution center for Lexmark, a global imaging
and IoT solutions leader, in Jeffersonville, Indiana. The facility
consolidates two operations into one, streamlining receiving and
shipping for a more efficient customer order fulfillment process.
(Photo: Business Wire)
Strategically located in Jeffersonville, Indiana – just across
the river from Louisville, Kentucky, a crossroads of river, road,
rail, and runway – Lexmark’s new centralized facility enables 99%
same-day shipping and 99% midnight parcel pick-up with next-day air
service. It also streamlines the customization, configuration,
return, refurbishment, and recertification of equipment, while
saving costs.
“Lexmark’s business is time critical, so equipment handling and
transit time is a primary concern, as is keeping costs
competitive,” says Norm Brouillette, senior vice president of
supply chain for Ryder. “With that in mind, we conducted a network
analysis considering markets served, shipping volumes and times,
transport costs, nearby ports, real estate prices, and the labor
market. It pointed to one ideal location that would provide Lexmark
with both a reduction in total outbound shipping cost and an
improvement in two-day transit – not to mention the added ability
to provide same-day shipping and next-day air.”
Also key to the customized solution is the implementation of
RyderShareTM, a digital platform that enables everyone involved in
moving goods through supply chains – including shippers, receivers,
carriers, and service providers – to see across the supply chain in
real time and work together to prevent costly delays and find
efficiency gains. It also incorporates best-in-class business
intelligence tools combined with a proprietary analytics solution
to inform future decisions, prepare supply chains for unexpected
events, and speed recovery from disruptions.
“Ryder brings the technology, solutions, and expertise we need
to stay ahead of the curve in this rapidly changing supply chain
environment,” says Billy Spears, senior vice president and chief
product delivery officer for Lexmark. “We’ve enjoyed a 14-year
relationship with Ryder’s transportation management team, so when
we started looking for a new supply chain partner that could keep
us on the path of continuous improvement and innovation, it was a
natural evolution to expand our relationship with Ryder to include
their supply chain solutions.”
Ryder provides distribution management; returns handling;
equipment restoration and redistribution, including repairing
returned hardware, recertifying it, and returning it to stock;
bundling hardware and supplies; and customization, such as adding
options, software updates, and customer-setting configurations.
Since 2009, Ryder has provided Lexmark with comprehensive
transportation management solutions, including network design with
built-in continuous improvement, carrier procurement and
management, shipment planning and execution, and cross-border
operations between the United States, Canada, and Mexico –
resulting in $1 million in annual savings and greater than 98%
sustained on-time performance with Ryder’s qualified carriers.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and
transportation company. It provides supply chain, dedicated
transportation, and fleet management solutions, including
warehousing and distribution, e-commerce fulfillment, last-mile
delivery, managed transportation, professional drivers, freight
brokerage, 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 260,000 commercial vehicles and operates approximately 300
warehouses encompassing more than 95 million square feet. Ryder is
regularly recognized for its industry-leading practices in
third-party logistics, technology-driven innovations, commercial
vehicle maintenance, environmental stewardship, corporate social
responsibility, world-class safety 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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version on businesswire.com: https://www.businesswire.com/news/home/20240109133094/en/
Anne Hendricks, amhendricks@ryder.com
Amy Federman, afederman@ryder.com
Ryder System (NYSE:R)
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