Ryder Awarded 3rd Party Logistics Contract With Lear Corporation

"Ryder looks forward to implementing best practices and processes throughout Lear's transportation operations to help Lear continue to build on its reputation for high quality in the automotive industry," said Ryder Senior Vice President of Supply Chain Solutions, Automotive, Aerospace and Transportation Management Tom Jones. Under the multi-year contract, Ryder will provide logistics engineering and network design for product into Lear's 75 plant locations. Ryder will also provide procurement of transportation, thereby leveraging its buying power in the industry to provide Lear with the best negotiated rates and service, routing instructions and compliance management. Combining leading technology, a dedicated account team and a clear understanding of Lear's requirements, both parties are moving towards developing a footprint for a world-class integrated logistics network. "Our decision to outsource supply chain management was taken after reviewing market tendencies and total supply chain functionality. After an extensive review and tender process, we selected Ryder based on their integrated network optimization solutions and vast experience in the automotive industry. They have a proven track record in leveraging and combining synergies in their managed network that will engineer cost containment and reductions for Lear, while, at the same time bring us greater end-to-end supply chain visibility," said John Lacny, Director Global Logistics & Transportation, Lear Corporation. Source: Press Release