Domino's Pizza rewards Ryder with supply chain award
Ryder System, Inc., a leader in commercial transportation and supply chain management solutions, announced Thursday that it has received the 2010 Domino's Supply Partner Award.
Domino's "ESP" program (Excellence through Supplier Partnerships) is a supply chain management program that develops relationships through a "360-Degree" performance evaluation process that promotes communication and continuous improvement between Domino's and its suppliers. Ryder is one of only seven companies that were recognized with the 2010 Domino's Supply Partner Award.
"We pride ourselves on our commitment to customer service, operational execution, safety, and expertise in the food and beverage sector," Robert Sanchez, Ryder’s President of Global Fleet Management Solutions, said. "We are proud to be recognized by Domino's for our commitment to transportation excellence and appreciate our long-standing partnership which continues to flourish after three decades."
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This is the 20th year Domino's has been recognizing its partners with the Supply Partner Award. This award is given annually to a select group of partners who consistently deliver outstanding results in support of Domino's operations. Selection of the winners is based on each partner's performance in areas such as vehicle uptime, safety, problem-solving capabilities, damage prevention, and equipment availability, among others.
"Ryder is a very important partner of Domino's who helps us to continually improve our business and supports our start-up operations in new markets," John Macksood, Executive Vice President of Supply Chain Services of Domino's Pizza, said. "We appreciate all of their efforts and hard work, and value the successful, long-standing partnership that we have established over the years."
Ryder started doing business with Domino's in 1978 with a lease contract for one refrigerated straight truck. Since that time, the relationship has grown and in 2007, Ryder was awarded all of Domino's leased transportation business, which includes a fleet of 213 tractors, 260 refrigerated trailers, and one refrigerated straight truck that services 18 Domino's supply chain centers in the U.S. and two locations in Canada.
Edited by Kevin Scarpati
UPS Posts Record Second Quarter with Revenues of $23.4bn
Growth across each of its core segments resulted in record results for UPS in the second quarter, with group revenues climbing 14.5% year on year to $23.4bn.
The global logistics outfit achieved consolidated operating profit of $3.3bn, up 47.3% compared to the same period in 2020. It is the second consecutive quarter of record profit, and a significant rise on Q1’s $2.9bn.
UPS Q2 Revenues in Brief
- Consolidated revenues: $23.4bn (+14.5% yoy)
- Domestic: $14.4bn (+10.2%)
- International: $4.82bn (+30%)
- Supply Chain Solutions: $4.2bn (+14.3%)
The US company’s domestic segment performed steadily with 10.2% revenue growth to $14.4bn. But it was its international and supply chain solutions segments where UPS saw the biggest gains. Strong demand in Europe led an increase in international revenues of 30% to $4.82bn. UPS’ supply chain solutions division saw revenue growth of 14.3% to $4.2bn, driven, the company said, “by strong demand in nearly all businesses”.
UPS’ steady growth throughout the pandemic has been led by the overarching vision of its chief executive Carol Tomé to do “better not bigger”, focussing on efficiency and high margin deliveries through its network over pure scale and volume.
“I want to thank all UPSers for executing our strategy and delivering high service levels, which fuelled record financial results in the second quarter,” she said. “Through our better not bigger framework, we are moving our world forward by delivering what matters.”
UPS Completes Sales of UPS Freight
The second quarter also saw UPS complete the divestiture of UPS Freight in a deal worth $800m - with a surprise result for the division, now called TForce Freight, under new owner TFI International.
“The second quarter was historically significant for TFI International, with the closing of our UPS Freight acquisition and record performance across the board,” said Alain Bédard, chairman, President and Chief Executive Officer, TFI International. “Particularly gratifying is the performance of TForce Freight, which has exceeded our operating ratio targets far ahead of schedule, and we have only just begun our work.”
In it first two months of ownership TFI reported that adjusted operating ratio (OR) was 90.1% for TForce Freight, far outperforming its forecasted OR of 96-97%.
“I wish to thank our entire team for their hard work and remarkable efforts, and officially welcome aboard our new TForce Freight colleagues who have seamlessly come under the TFI umbrella and are already making stronger than expected contributions,” Bédard added.