MIAMI, FL -- (MARKET WIRE) -- 11/16/10 --
Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, will soon be offering Diesel Exhaust Fluid (DEF) at every full service Ryder location in North America. This offering will support contractual full service lease and maintenance customers operating vehicles that use Selective Catalytic Reduction (SCR) technology to meet 2010 emission standards set by the Environmental Protection Agency. DEF is the non-toxic solution that is required to maintain proper operating compliance in vehicles using SCR to convert nitrogen oxide in the exhaust stream to harmless nitrogen and water vapor. The majority of all 2010 diesel truck and tractor manufacturers are using SCR to meet the latest emission standards. DEF is already available at over 550 Ryder service locations in the U.S.
Ryder's full service lease and maintenance customers will be able to purchase DEF in 2.5 gallon portable containers at a price that is competitive with current retail offerings. Ryder will establish an initial inventory of DEF at each of its 600-plus service locations in North America and will increase that inventory as demand for DEF grows. A limited inventory of DEF will also be available at non-fueling locations for emergency roadside service needs, as well as to support EPA 2010 compliant vehicles that are part of Ryder's commercial rental fleet.
"As more EPA 2010 compliant vehicles are introduced into our customers' fleets, we are prepared to ensure that customers will have DEF availability across Ryder's network," stated Robert Sanchez, President, Global Fleet Management Solutions for Ryder. "Over the long-term, we will continue to evolve our DEF storage and dispensing infrastructure to meet the needs of the marketplace."
In anticipation of increasing DEF demand, Ryder will add bulk storage and DEF pumps at its largest shop facilities throughout North America in 2011.
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 the top third-party logistics provider and Security magazine has named Ryder the number-one company for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. 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. 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.
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