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Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, 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. 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.
Source: Press Release
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