2019 Ryder Annual Review for Shareholders

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Bob Fatovic, Executive Vice President, Chief Legal Officer & Corporate Secretary

CORPORATE RESPONSIBILITY

"We are stewards of our customers' businesses, the environment we all share, and of Ryder's reputation and storied name. Fostering environmental, social and governance (ESG) responsibility and practices throughout the organization is important to our long term success. We have developed strategies and standards to reduce environmental impacts and drive sustainable solutions and investments. Ryder is committed to the highest principles of corporate governance and maintaining our strong culture of ethics which sets us apart as a trusted and responsible enterprise."

BOB FATOVIC

Executive Vice President, Chief Legal Officer & Corporate Secretary

Bob Fatovic, Executive Vice President, Chief Legal Officer & Corporate Secretary

Community Collaboration

WHILE THE COMPANY CELEBRATED THE 35TH ANNIVERSARY of the Ryder Charitable Foundation in 2019, Ryder and its company-funded Ryder Charitable Foundation have a long legacy of building stronger communities where our employees live and work by supporting charitable organizations with our people, dollars, and expertise. Our giving priorities are driven by our employees and align with Ryder’s core values of Safety, Innovation, Expertise, and Community Collaboration. The same ideals that create successful communities. Today we support more than 100 charitable organizations.

Robert Sanchez, Chairman and CEO, at Goodwill Industries

Ryder and Goodwill join forces to provide jobs and training to produce U.S. military uniforms and veteran interment flags

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Diversity and Inclusion

AT RYDER, OUR VISION is to create a work environment that is supportive, collaborative, and values individual contributors. We understand the value diversity brings to our company. The diverse backgrounds and perspectives of our workforce help us to better understand and respond to our customers’ needs, leading to increased profitability and long-term value. Our focus on military and veteran recruiting and women in trucking have been important ways in which we strive to increase our access to the best talent in the industry.

Employees

OUR CUSTOMERS TRUST US to ensure that their products are delivered on time, their fleets are safe and well-maintained, and their logistics operations run safely and efficiently. That requires a workforce that is dedicated to professionalism, operational excellence, and customer service. Ryder employs nearly 40,000 employees, including 9,500 of the safest professional drivers, 6,300 trained vehicle technicians, and more than 10,000 efficient warehouse workers.

As our industry faces talent shortages for drivers and warehouse employees, as well as high demand for technicians, our customers also rely on us to hire, train, and retain top talent. That’s why we are committed to providing our employees with a safe, challenging, and rewarding work environment.

Ryder employees at Susan B. Komen More Than Pink Walk in Miami Ryder employees presenting check to Forgotten Harvest charity

Environmental

We believe it is our duty to ensure that the resources necessary to run our operations and those of our customers are utilized responsibly and with minimal impact to the environment. This includes reducing greenhouse gas (GHG) emissions by utilizing and promoting cleaner burning fuels, working closely with OEMs to incorporate the latest and most effective green solutions into trucks and tractors, and ensuring that our vehicles and our customers’ fleets are well-maintained and operating efficiently. In our warehouses, we operate under LEAN principles to maximize efficiency and minimize waste.
Our customers rely on Ryder for effective fleet management and supply chain solutions. They can take advantage of Ryder’s 86 years of expertise, as well as our position as a leader in our industry to benefit from efficiencies and scalability that they would be unable to achieve on their own, including a level of responsible resource management they can use to profile green solutions to their customers and stakeholders.


Sustainability

Ryder has a long-standing commitment to waste reduction, both internally and for our customers. We work with Ryder-preferred and qualified vendors that prioritize diverting as much waste as possible away from landfills; who focus on waste recycling, reuse, and disposal; and who have significant experience with waste management, especially automotive waste. This allows us to maximize energy and cost efficiencies both internally and for our customers, collectively having a positive impact on the environment.


Governance

Ryder demonstrates a culture of integrity in all aspects of our business. Our employees adhere to strict Principles of Business Conduct that set us apart as a trusted, ethical, and responsible enterprise. Built around our leadership competencies of character, judgement, relationships, and results, these principles help ensure that our employees conduct our business fairly, honestly, and ethically.

The ethical standards laid out in the Principles of Business Conduct are foundational to employee development at Ryder. During the new hire onboarding process, we introduce and train all new employees on our expectations of responsible business conduct and how to report conflicts of interest. We provide online ethics and compliance training to all employees.

To ensure that we maintain a culture of ethics, we also provide targeted in-person training and webinars that include numerous topics reporting concerns and ethical leadership.
From reducing our carbon footprint by providing sustainable and cost-effective solutions to fostering diversity and inclusion at all levels, we’re always striving to do better for our customers, our employees, the environment, and the communities in which we operate.

Recognitions

RYDER IS PROUD to have been recognized by some of the most respected organizations in business with awards for our initiatives supporting the environment, diversity, military, and corporate governance. We are continuously striving for new ways to support our customers, employees, and the communities where we work and live. A few honors in 2019 include:


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For the seventh year in a row, Ryder has been named one of Fortune magazine’s Worlds Most Admired Companies, ranking as one of the top five companies within the Trucking, Transportation, and Logistics industry.


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Coming in at #363, our 25th appearance on the annual FORTUNE 500 list of the 500 largest companies in the United States by total revenues.


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Ryder was recognized as a Top Company for Women to Work For in Transportation in 2019 by Redefining the Road, the official magazine of the Women in Trucking Association (WIT). The magazine created the award to support part of WIT’s mission to promote the accomplishments of companies that are focused on the employment of women in the trucking industry.


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The U.S. Navy Reserve recognized Ryder as one of America’s Outstanding Navy Reserve Employers honoring civilian employers from across the nation for their exceptional support of America's Navy Reserve Sailors. Since Nov. 2011, Ryder has employed more than 8,900 veterans across the U.S. and increased the percentage of veterans among our workforce to more than 10% in 2019.


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In 2019, Ryder was named a 2020 Military Friendly® Employer by VIQTORY, an organization that connects members of the military with employers across the United States. This prestigious list of employers recognizes organizations that demonstrate a commitment, effort and success in creating sustainable and meaningful benefits for members of the military.


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Ryder was named the Mid-Cap Winner for Diversity & Inclusion Commitments by the National Association of Corporate Directors (NACD) for its NACD NXT™ 2019 recognition awards applauding exemplary board-leadership practices that promote greater diversity and inclusion and ultimately foster long-term company value.


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Expansiόn included Ryder in its annual 500 Most Important Companies in Mexico list ranking the country’s most prominent enterprises.


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For the eleventh consecutive year, Ryder was named as a Green Supply Chain Partner in the annual Inbound Logistics “G75” special section, which recognizes the 75 leading companies that demonstrate a deep commitment to efficiency and sustainability.