Ryder Opens Just one-Million-Square-Foot Distribution Center for Technological innovation Manufacturer Lexmark

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Consolidates and streamlines functions, speeds shipping times, and will save expenditures

MIAMI — Ryder Procedure, Inc. (NYSE: R), a chief in offer chain, devoted transportation, and fleet administration remedies, announces the opening of a a person-million-sq.-foot North American distribution center for Lexmark, a international imaging and IoT answers leader. The new, reason-created facility consolidates two Lexmark operations into one particular, streamlining the acquiring and delivery of printers and copiers, toner cartridges, and spare elements for a additional productive client get success approach.

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Strategically found in Jeffersonville, Indiana – just across the river from Louisville, Kentucky, a crossroads of river, highway, rail, and runway – Lexmark’s new centralized facility allows 99% same-working day shipping and delivery and 99% midnight parcel pick-up with future-working day air support. It also streamlines the customization, configuration, return, refurbishment, and recertification of equipment, while preserving charges.

“Lexmark’s small business is time critical, so equipment dealing with and transit time is a principal problem, as is holding charges aggressive,” suggests Norm Brouillette, senior vice president of provide chain for Ryder. “With that in mind, we done a community evaluation contemplating marketplaces served, delivery volumes and times, transportation expenses, close by ports, real estate price ranges, and the labor marketplace. It pointed to one particular best spot that would supply Lexmark with both a reduction in full outbound delivery charge and an enhancement in two-working day transit – not to point out the additional capability to offer same-day delivery and future-working day air.”

Also crucial to the custom made remedy is the implementation of RyderShareTM, a electronic system that allows anyone concerned in going goods by offer chains – together with shippers, receivers, carriers, and assistance providers – to see across the offer chain in true time and operate alongside one another to reduce expensive delays and discover efficiency gains. It also incorporates best-in-class organization intelligence applications mixed with a proprietary analytics resolution to tell long run conclusions, prepare supply chains for unforeseen situations, and velocity recovery from disruptions.

“Ryder provides the technological know-how, methods, and expertise we require to remain forward of the curve in this fast shifting offer chain surroundings,” suggests Billy Spears, senior vice president and main product or service delivery officer for Lexmark. “We’ve loved a 14-12 months relationship with Ryder’s transportation administration group, so when we started off hunting for a new offer chain companion that could maintain us on the route of constant improvement and innovation, it was a normal evolution to broaden our romance with Ryder to include things like their offer chain alternatives.”

Ryder supplies distribution management returns handling products restoration and redistribution, which include fixing returned components, recertifying it, and returning it to stock bundling hardware and provides and customization, these as including choices, computer software updates, and client-environment configurations.

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Considering the fact that 2009, Ryder has furnished Lexmark with extensive transportation management remedies, such as network structure with built-in steady advancement, carrier procurement and management, shipment arranging and execution, and cross-border operations amongst the United States, Canada, and Mexico – resulting in $1 million in annual savings and higher than 98% sustained on-time general performance with Ryder’s qualified carriers.

About Ryder Program, Inc.

Ryder Technique, Inc. (NYSE: R) is a foremost logistics and transportation firm. It presents source chain, devoted transportation, and fleet administration answers, including warehousing and distribution, e-commerce achievement, past-mile delivery, managed transportation, specialist drivers, freight brokerage, entire-service leasing, upkeep, professional truck rental, and made use of automobile sales to some of the world’s most-acknowledged models. Ryder provides products and services in the course of the United States, Mexico, and Canada. In addition, Ryder manages approximately 260,000 business automobiles and operates close to 300 warehouses encompassing extra than 95 million sq. toes. Ryder is on a regular basis acknowledged for its business-leading techniques in 3rd-get together logistics, technology-driven improvements, industrial motor vehicle maintenance, environmental stewardship, company social responsibility, planet-course basic safety and security plans, army veteran recruitment initiatives, and the selecting of a diverse workforce. www.ryder.com

Observe Regarding Ahead-Looking Statements: Specific statements and information included in this information release are “forward-looking statements” inside the this means of the Federal Personal Securities Litigation Reform Act of 1995. These ahead-hunting statements are centered on our existing options and expectations and are subject to pitfalls, uncertainties and assumptions. Appropriately, these ahead-wanting statements should be evaluated with thought offered to the several dangers and uncertainties that could induce precise outcomes and functions to vary materially from all those in the ahead-wanting statements like these pitfalls established forth in our periodic filings with the Securities and Trade Commission. New threats emerge from time to time. It is not achievable for management to predict all these types of threat elements or to assess the affect of such hazards on our enterprise. Accordingly, we undertake no obligation to publicly update or revise any ahead-searching statements, no matter whether as a result of new data, long run occasions, or usually.

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View supply variation on businesswire.com: https://www.businesswire.com/news/house/20240109133094/en/

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Contacts

Anne Hendricks, amhendricks@ryder.com

Amy Federman, afederman@ryder.com

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