Acklands-Grainger Selects Ryder for Transportation Management.Business Editors MIAMI--(BUSINESS WIRE)--Nov. 13, 2000 Canada's largest distributor of industrial safety supplies awards transportation, carrier and logistics business to Ryder - Ryder System, Inc. (NYSE NYSE See: New York Stock Exchange :R), a global leader in logistics and transportation management solutions, today announced it has been selected by Acklands-Grainger, Inc., Canada's largest distributor of industrial safety supplies, as its provider of transportation and carrier management. Acklands-Grainger has $12 million in freight under management with a variety of carriers, which will now be managed by Ryder. Acklands-Grainger, Inc., a subsidiary of W.W. Grainger, Inc., North America's leading business-to-business distributor of maintenance, repair and operating supplies, services and related information, provides more than 220,000 products through a network of 188 branches throughout Canada. Under the contract, Ryder will establish a well-defined transportation, carrier and procurement system to support Acklands-Grainger's inbound transportation of finished products from suppliers to its five distribution centers (DCs), the outbound transportation from those DCs to more than 280 store locations and the "last mile" delivery to the end-customers' doors. The services Ryder will provide include the procurement of transportation, which leverages the Company's buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. in the industry to negotiate the best rates and service possible for Acklands-Grainger. Ryder will provide carrier selection and negotiation, routing instructions, compliance management, carrier insurance management and management reporting. Ryder will also provide Acklands-Grainger with freight bill, auditing and payment. Using ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified processes, Ryder will continually seek cost and process improvement opportunities using logistics information gathered and complementing Acklands-Grainger's logistics strategies for continued business growth. Ryder's unique capabilities in the market will provide Acklands-Grainger with the ongoing monitoring, reporting and analysis of carrier selection to effectively allocate transportation utilizing a progressive software application developed by Ryder that favors rapid integration with Acklands-Grainger's technology architecture. "The integration of Ryder's transportation management offerings will standardize Acklands-Graingers' processes and procedures, reduce its costs, provide better access to resources and allow for sharing of best practices," said Richard Tremblay, director of Transportation Management for Ryder Canada. "This process will foster continuous improvement, thus reducing the overall logistics cost across the supply chain for the company." "One of our biggest challenges in transportation is to find ways to further reduce costs, optimize lanes and leverage services with a select group of qualified carriers," said J. Stuart Penman, vice president of Logistics for Acklands-Grainger. "Ryder has developed a well-established and extensive carrier management information system that allows us to evaluate and leverage the best transportation buys to create maximum value." The system will provide a strategic support application designed to efficiently allocate transportation requirements to a set of transportation carriers. Ryder will utilize the system to analyze, forecast and format transportation needs into a well-defined scope. W.W. Grainger, Inc. (NYSE: GWW GWW Gallery Worldwide (website) GWW Get Well Wishes ), with 1998 sales of $4.3 billion, is the leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. provider of maintenance, repair and operation (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) supplies and related information to businesses and institutions. GWW shares are traded on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Chicago stock exchanges Chicago Stock Exchange (CHX) A major exchange trading only stocks, with 90% of trades taking place on an automated execution system, called MAX. . For more information, visit Grainger on-line at http://www.grainger.com. Ryder provides a continuum of leading-edge logistics, supply chain and transportation management solutions worldwide. Ryder's product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. such as dedicated contract carriage and carrier management. Additionally, Ryder offers comprehensive supply chain solutions, lead logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet services and e-Commerce solutions that support customers' entire supply chains, from sourcing of inbound raw materials through distribution and delivery of finished goods. Ryder serves customer needs throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Europe and Asia. Fortune magazine ranked Ryder as the most admired company in the highway transportation industry in 1997 and 1998 and second-most admired in 1999. In 2000, Ryder received a higher overall rating than its competitors in the Fortune survey. For the third consecutive year, Inbound Logistics magazine recognized Ryder in 2000 as the top third-party logistics provider. Ryder's stock is a component of the Dow Jones Transportation Average The Dow Jones Transportation Average (also called the "Dow Jones Transports;" DJTA) is the oldest U.S. stock market index. Components Today, the index consists of the following 20 companies (weighted to adjust for stock splits and other factors): |
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