Press release from Business Wire
Hunter Fan Selects Ryder to Manage Multi-Client Distribution Center in Memphis
<p class='bwalignc'> <i>Ryder to manage Hunter Fan warehouse operations and oversee multi-client distribution facility in Memphis, Tenn.</i> </p>
Thursday, January 23, 2014
Hunter Fan Selects Ryder to Manage Multi-Client Distribution Center in Memphis07:55 EST Thursday, January 23, 2014
MIAMI (Business Wire) -- Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, today announced it has been selected by Hunter Fan, the world's original ceiling fan manufacturer, to manage the company's one million square foot distribution center in Memphis, Tenn. The operation is staffed by Ryder employees responsible for shipping and receiving, inventory management, order consolidation, and value-added services supporting the delivery of Hunter Fan branded products to retailers nationwide.
Hunter Fan will occupy approximately 400,000 square feet of the facility. The remaining space is open to other businesses that require warehousing and distribution capabilities, but don't have the need for a dedicated facility.
“With this arrangement, Hunter Fan will benefit from Ryder's lean logistics expertise to optimize productivity and drive continuous improvement,” said Steve Sensing, Vice President, Hi-Tech, Consumer & Commercial Electronics, Ryder Supply Chain Solutions. “At the same time, Ryder will help Hunter Fan offset the costs of their facility by filling the remaining space with products of other businesses that have smaller distribution needs.”
Ryder's lean logistics solutions enable customers to operate with an optimal labor base, eliminate waste by empowering and rewarding employees at all levels, build quality into supply chain processes, and lower costs. Leveraging Ryder's lean supply chain culture, Hunter Fan also looks to realize increased efficiency, improved inventory accuracy, reduced cycle times, order-to-cash cycles, obsolescence, and carrying costs.
“We are delighted to announce our partnership with Ryder,” said Brian Hatfield, Vice President of Supply Chain for Hunter Fan. “As we have enhanced our supply chain, we are shipping directly from our manufacturing plants to our large customers and distributors, opening space in our domestic distribution center. Ryder was selected due to their expertise in warehouse management, which will help lower operational costs, fill our open space, and overall off-set our fixed expenses.”
The Hunter Fan facility features a 40-door cross dock, 36 foot high ceilings, very narrow aisle racking, card access security, and closed circuit television systems.
Multi-client distribution operations enable businesses to realize significant savings, with all fixed costs being shared across companies and according to their respective volumes. Ryder operates a vast network of multi-client distribution facilities throughout North America to help customers meet their changing needs. For more information, visit http://www.ryder.com/supply-chain/contact-us.aspx.
Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder's stock (NYSE: R) is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. Inbound Logistics magazine has recognized Ryder as a top third party logistics provider and green supply chain partner. Ryder has also been ranked three years in a row as one of the top 250 U.S. companies in the Newsweek Green Rankings. In addition, Security Magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Disaster Responder Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com and follow us on Facebook, YouTube, and Twitter.
About Hunter Fan Company
Founded in 1886 and headquartered in Memphis, Tenn., Hunter Fan Co. is the world's original ceiling fan manufacturer. For over 125 years, Hunter Fan Co. has led the industry in innovative design and quality craftsmanship to deliver maximum air movement and unmatched performance consumers can count on for generations to come. Hunter ceiling fans are available at lighting showrooms, home centers and online retailers nationwide. For more information, visit www.HunterFan.com, or call 1-888-830-1326.
Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Ryder System, Inc.
Cindy Haas, 305-500-4526
Jonathan Mayor, 305-500-3161