MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE:R), a leader in commercial transportation and
supply chain management solutions, has achieved a significant milestone
with its fleet of 250 natural gas vehicles surpassing six million miles.
The fleet consists of 35 liquefied natural gas and 215 compressed
natural gas tractors, currently running in 32 customer operations in
California, Arizona, and Michigan. Since deploying its natural gas truck
program in 2011, the vehicles have replaced approximately 923,000
gallons of diesel fuel with domestically produced natural gas and
reduced emissions by more than 2,300 MTCO2e (metric tons of carbon
dioxide equivalent emissions).
“Ryder is uniquely positioned to help the alternative fuel vehicle
industry reach critical mass,” said
Greg Swienton
, Chairman and CEO of
Ryder. “Our commercial rental and leasing model enables businesses to
take advantage of these new technologies with less downtime and other
risks associated with ownership. We will continue to help businesses
jump-start their alternative fuel programs with innovative solutions
that drive both environmental and cost-saving benefits.”
“We are also leveraging the scale of our natural gas vehicle program to
improve our understanding of the technology and to provide input about
our experiences to manufacturers and other stakeholders,” continued Mr.
Swienton. “As a leader in alternative fuel solutions for the commercial
transportation industry, we are committed to sharing these insights so
the market can continue to make investments that ultimately bring down
cost and improve performance of new technologies like natural gas
vehicles.”
Customers can tap into Ryder’s extensive North American infrastructure,
along with its trained technicians, and experience to ensure the safe
operation, maintenance, and fueling of natural gas vehicles. Ryder’s
alternative fuels sales team can also help advise businesses determine
which vehicle configurations work best for their specific applications.
In addition to making natural gas vehicles available for rent or lease,
Ryder’s “Flex-to-Green Lease” solution is designed to ease the
transition to a greener fleet. Businesses that opt for Ryder’s
Flex-to-Green Lease start out with a diesel-powered vehicle today and
then have the option to convert to a natural gas vehicle after one year.
Flex-to-Green customers enjoy all the maintenance and service benefits
of a standard
Ryder Full Service Lease
.
Ryder became the first outsourced fleet provider to offer heavy duty
natural gas vehicles for the leasing and rental industry through a
groundbreaking natural gas vehicle project with the San Bernardino
Associated Governments (SANBAG) in Southern California. Ryder’s
partnership with SANBAG and the Southern California Association of
Governments (SCAG) Clean Cities Coalition includes the deployment of 202
heavy duty natural gas-powered vehicles, made available to customers for
rent or lease or through Ryder’s dedicated logistics services. As part
of the project, Ryder is building two natural gas fueling stations and
has equipped three maintenance facilities for the indoor servicing of
natural gas vehicles in Fontana, Orange, and Rancho Dominguez, Calif.
The $38.7 million project is being funded as part of a joint
public/private industry partnership between the U.S. Department of
Energy, the California Energy Commission, and Ryder.
Ryder’s natural gas fleet includes both compressed and liquefied natural
gas vehicles that are currently deployed in customer operations in
California, Arizona, and Michigan. For additional information about
Ryder’s natural gas vehicle program, visit www.ryder.com/alternativefuels.
To learn how Ryder makes commerce flow more efficiently and sustainably
for everyone, download the Company’s latest Corporate Sustainability
Report at http://www.ryder.com/aboutus_home.shtml.
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 included Ryder
in its “Green Partners” listing for five years in a row, and Newsweek has
included Ryder for three years in a row in its ranking of the top 500
green U.S. companies. 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 recipient of the 2011 NGV Achievement Award
and has been recognized by the Carbon Disclosure Project (CDP) in the
Carbon Disclosure Leadership Index. A member of the American Red Cross
Annual Disaster Giving Program, Ryder is proud to support national and
local disaster preparedness and response efforts. For more information,
visit www.ryder.com
and follow us on Facebook, YouTube,
and Twitter.
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.
Source: Ryder System, Inc.