30.01.2008 IVECO HONOURS RYDER AS A TOP SUPPLIER IN LATIN AMERICA

IVECO EUROCARGO

Ryder System, Inc., a leader in supply chain, warehousing and transportation management solutions has been honoured as a top supplier for international transportation management by Iveco.

Ryder System, Inc., a global leader in supply chain, warehousing and transportation management solutions, today announced it has been honoured as a top supplier for international transportation management services by Fiat's truck division Iveco, a leading international manufacturer and supplier of commercial trucks, parts and diesel engines. This award recognizes Ryder for excellence in international transportation management supporting Iveco's supply chain in Argentina and Brazil.

"This is the first time this award has been given to a logistics service provider," said Marcelino Acensio, Logistics Manager for Iveco Argentina S.A. "We are recognizing the Ryder team in Argentina and Brazil for its dedication and flexibility supporting Iveco during a period of rapid growth and increased demand for critical parts."

Ryder provides 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. Ryder ranks 362nd on the Fortune 500 and 1,458th on the Forbes Global 2000.

In 2007, Iveco relied on Ryder's logistics flexibility and capacity to support an 80% increase in production levels at the Córdoba plant. The Ryder fleet supporting Iveco in Argentina and Brazil travelled more than four million miles making 2,100 deliveries.

Since 2006, Ryder has been providing Iveco with international transportation management solutions to supply its manufacturing and service parts operations. Services provided by Ryder include the inbound transportation of engines and service parts from Iveco manufacturing facilities in Sete Lagoas, Brazil to the final assembly facility in Córdoba, Argentina. In addition, Ryder manages outbound linehauls from Argentina delivering assembled truck cabs and service parts to Iveco facilities in Brazil. Ryder's transportation management services include inventory tracking and visibility technology, routing instructions, preparing shipments for export, and managing supply flows from predetermined suppliers with regularly scheduled pick-up times and frequency.

"Ryder is honoured to receive this award and to contribute to Iveco's quality, success and growth initiatives," said Antonio Wrobleski, Managing Director of Brazil for Ryder. "This confirms our commitment to providing reliable, flexible transportation solutions. We look forward to supporting Iveco as they continue to grow and deliver industry-leading vehicles."
 

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