SOURCE: Ryder System, Inc.

 

MIAMI, FL--(Marketwire - January 6, 2009) - Ryder System, Inc. (NYSE: R), a leader in supply chain, warehousing and transportation management solutions, announced the appointment of Paul Tay as Vice President and Managing Director of Asia Pacific. In his new role, Mr. Tay will be responsible for the continuing development and operation of Ryder's supply chain solutions offering throughout the Asia-Pacific region. He will report directly to Ryder's President of Supply Chain Solutions, John Williford.

Mr. Tay brings to Ryder more than 15 years of experience in both the contract and international supply chain management industry. He was most recently Vice President of Consolidation for APL Logistics, where he was responsible for managing all of APL Logistics' International Logistics portfolio. Prior to that role, Mr. Tay served as Vice President of Greater China for APL Logistics. Earlier, he served in a number of positions of increasing responsibility in operations, sales, marketing, business development and other strategic leadership positions for APL, APL Logistics and the parent company, Neptune Orient Lines, which is Singapore's largest container shipping company. In these roles, he has served global brands in consumer electronics, fast moving consumer goods, retail, automotive, and others.

"Paul's in-depth knowledge of key Asian markets, his background in the container transportation business and global logistics operations in the region, and his aggressive business development skills make him an excellent asset for the strategic direction Ryder is pursuing in Asia," said Mr. Williford.

Mr. Tay was born and raised in Singapore and is fluent in English and Mandarin. Before entering the shipping and logistics industries, he served for three years in the Singapore Police Force. He received a bachelor's degree in philosophy from the National University of Singapore.

                                  About Ryder

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 371st on the FORTUNE 500® and 1,631st on the Forbes Global 2000. For more information on Ryder System, Inc., visit www.ryder.com.

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, including, without limitation, statements concerning the terms and timing of the acquisition and statements concerning integration, customers and services. 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.