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Ryder Announces New ‘Flex-to-Green’ Lease Offering

09/21/2011


New Flexible Leasing Program Makes It Easier for Customers to Incorporate Green Vehicles into Their Fleets

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, today announced the launch of its new “Flex-to-Green” lease offering, making it easier for private fleet operators to jump start their sustainability programs by providing the option of incorporating alternative fuel vehicles into their fleets in support of their business objectives. Ryder’s alternative fuel fleet includes compressed and liquid natural gas vehicles, which are offered in select markets as well as hybrid vehicles, which are available in most U.S. markets. Ryder currently supports natural gas vehicles in southern California and Arizona. As Ryder’s capabilities and infrastructure to support natural gas vehicles are expanded, the Flex-to-Green lease option will be offered to customers in those new markets.

A Ryder compressed natural gas-powered truck. (Photo: Business Wire)

A Ryder compressed natural gas-powered truck. (Photo: Business Wire)

“Ryder is committed to making it as easy as possible for customers to implement sustainable transportation solutions,” said Robert Sanchez, President of Global Fleet Management Solutions for Ryder. “The new ‘Flex-to-Green’ offering makes sustainable efficiency simple by providing a flexible product that enables customers to incorporate alternative fuel vehicles into their fleet when they are ready.”

As a leader in commercial truck leasing, Ryder has the unique ability to influence and reach a broad, diverse customer base to improve access to alternative fuels and vehicle technologies on a national level. Recognizing the company’s leadership in natural gas, in April 2010, the San Bernardino Associated Governments (SANBAG) Board collaborated with Ryder as its fleet partner in a groundbreaking ceremony for its heavy-duty natural gas truck rental and leasing project. As part of the project, which aims to improve air quality in Southern California, 202 heavy-duty natural gas powered trucks are being deployed into Ryder’s Southern California operations network. Ryder customers can access these natural gas-powered vehicles through short-term rentals, long-term leases or Ryder’s dedicated logistics services. In addition, Ryder has constructed new natural gas refueling stations and will maintain vehicles at three maintenance shops in Fontana, Orange, and Rancho Dominguez. Each maintenance facility is being equipped for the indoor repair of natural gas vehicles.

According to Deborah Barmack, SANBAG executive director, “It’s important that companies like Ryder are developing product offerings to help customers make the transition to natural gas vehicles as easy as possible so they can tap into the predictability, cost-efficiency, and environmental benefits of alternative fuels.”

Ryder’s “Flex-to-Green” offering is available immediately. For additional information, visit www.ryder.com/flextogreen or call your local Ryder representative.

About Ryder

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 a top third party logistics provider and included Ryder in its 2010 and 2011 “Green Partners” listing. Ryder also ranked 114 out of the top 500 U.S. companies and sixth in its industry sector in the 2010 Newsweek Green Rankings. Ryder is a charter member of the NGV Fleet Forum and a member of the Department of Energy’s National Clean Fleets partnership. Ryder is also 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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6869506&lang=en

Source: Ryder System, Inc.


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