Ryder Selected to Implement Transportation Management Program for Select Northrop Grumman Locations.Business Editors MIAMI--(BUSINESS WIRE)--Feb. 5, 2001 Ryder System, Inc. (NYSE NYSE See: New York Stock Exchange :R), a global leader in logistics and transportation management solutions, has been selected by Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Corporation (NYSE:NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, ), to implement a transportation management program for its Electronic Sensors and Systems Sector (ES3) and Integrated Systems Sector (ISS ISS See Institutional Shareholder Services (ISS). ). Ryder will provide shipment and carrier management functions through its Transportation Management Center (TMC TMC Technology Marketing Corporation (Norwalk, Connecticut) TMC Texas Medical Center (Houston, TX) TMC Traffic Message Channel TMC The Movie Channel TMC Traffic Management Center ) in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. , for several of Northrop Grumman's business locations, including Baltimore, Md.; El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.; Rolling Meadows Rolling Meadows, city (1990 pop. 22,591), Cook co., NE Ill., a suburb of Chicago; inc. 1955. There is research and development and the manufacture of office supplies and electronic components. , Ill.; and Melbourne, Fla. ES3, headquartered in Baltimore, Md., is a world leader in the design, development and manufacture of advanced electronics for government and commercial use. It manufactures a wide variety of defense electronics and systems, airspace management The coordination, integration, and regulation of the use of airspace of defined dimensions. systems, precision weapons, marine systems, space systems, logistics systems and automation and information systems. ISS, headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , is a premier aerospace systems integration enterprise. ISS has the capabilities to design, develop, integrate, produce and support complete systems, as well as airframe subsystems, for airborne surveillance and battle management aircraft, early warning aircraft, airborne electronic warfare Noun 1. electronic warfare - military action involving the use of electromagnetic energy to determine or exploit or reduce or prevent hostile use of the electromagnetic spectrum EW military action, action - a military engagement; "he saw action in Korea" aircraft and air combat aircraft. "Ryder is eager to develop a more efficient supply chain for Northrop Grumman that begins with connectivity and ends in superior reliability and customer service," said Miles Raper, senior vice president of Global Transportation Management Services for Ryder. "Our contract with Northrop Grumman is a strong validation of Ryder's transportation and logistics expertise. Working with Northrop Grumman provides Ryder a tremendous, high-visibility opportunity to provide a major defense contractor excellence and profitability throughout its supply chain." Northrop Grumman will use Ryder's Supply Chain Active Tracking System (SCATS) to track supplier shipments from time of pickup through final delivery to the Northrop Grumman location. Northrop Grumman users will be able to access shipping data through its website. Under the transportation management contract, Ryder will provide end-to-end supply chain visibility, order management, negotiation of carrier pricing/service agreement, shipment planning and execution, freight bill, audit and payment and management reporting services for Northrop Grumman. Ryder will provide these services for both inbound and outbound transportation of air, small package, truckload, less-than-truckload and classified shipments. Through the TMC, Ryder will optimize shipments, develop the transportation schedule with carriers and orchestrate the pick-up and delivery of loads. Ryder will enhance the ES3/ISS supply chain by providing web visibility through Ryder's SCATS, accessible seven days a week, 24 hours a day, in order to capture and validate critical shipping data being provided by ES3/ISS' suppliers. Ryder will also provide the functionality for suppliers to obtain bar-coded labels through SCATS to ensure authorized shipping. The Ryder TMC houses Ryder's transportation management functions - shipment planning and execution - in one centralized facility. The Center facilitates the management of customers' planning, routing and execution of shipments via truck, air, ocean and rail, as well as leverages the matching of shipments with Ryder's dedicated contract carriage and lease fleet customers. About Ryder System, Inc. 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 such as dedicated contract carriage and carrier management. Additionally, Ryder offers comprehensive supply chain solutions, lead logistics management 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, in Latin America, 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): For more information on Ryder System, Inc., visit www.ryder.com. |
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