Ryder Consolidates Its Business Units

In order to offer its customers a single, fully integrated organization to meet customer needs, Ryder System, Inc. will formally align its Supply Chain Solutions (SCS) operations for North America while accelerating off shore growth. All SCS expertise, business resources and management processes will be aligned in the new structure.

The move is consistent with Ryder’s global account management initiative begun last year. The program integrated SCS resources from a variety of reporting segments within four continents. The aim was to create a collaborative network that would deliver consistent customer support throughout the globe.

In its third quarter Ryder’s SCS had revenues of $554.0 million, which is 8% better than 2006’s $513.8 million. The company pointed to growth of new and expanded business, particularly in international markets, for the boost in income. It was enough to offset some losses due to automotive plant closures and lower volumes in SCS’s high-tech and telecommunications customer base.

Vicki O’Meara, who has served as President of Ryder’s US Supply Chain Solutions segment, has chosen to leave the company. Her duties will be assumed by Greg Swienton, Ryder chairman and CEO until a new leader of the global SCS organization is chosen.

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