- Flexible Lease Offering Allows Customers to Convert from
Diesel to Natural Gas-Powered Vehicles –
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial transportation and
supply chain management solutions, today announced it has signed a new Flex-to-Green
Lease agreement for 10 diesel-powered refrigerated straight trucks
with Pennsylvania
Macaroni Company, Inc. With a Flex-to-Green lease, Pennsylvania
Macaroni receives all the maintenance and service benefits of a Ryder Full
Service Lease with the added option to convert their vehicles to
natural gas after one year. Pennsylvania Macaroni is a family-owned and
operated Italian speciality food retailer that distributes produce and
grocery products in the city of Pittsburgh, Pa. and has been in business
since 1902. With an existing fleet of eight Ryder lease and six
company-owned vehicles, Pennsylvania Macaroni will begin to take
delivery of the new leased vehicles in the fall, to replace four of
their company owned and six current Ryder leased vehicles.
“Working everyday with fresh Italian cheese, meats, and produce means
delivery and service needs to be on time and reliable,” said Chief
Financial Officer and Co-Owner of Pennsylvania Macaroni,
Rob Sunseri
.
“We also feel a responsibility to the community to make our fleet as
efficient and sustainable as possible. With the Flex-to-Green lease, we
now have that flexibility to convert our fleet to natural gas, so our
customers will be able to receive their grocery deliveries on more
efficient vehicles that produce fewer greenhouse gas emissions.”
Pennsylvania Macaroni has been leasing trucks from Ryder during the past
12 years to supplement its existing private fleet of more than 14
vehicles. When the company decided to replace vehicles in its fleet, it
chose to lease the vehicles from Ryder. Ryder services Pennsylvania
Macaroni’s fleet from its maintenance facility in Pittsburgh.
“We are excited to see interest in our natural gas vehicle offering in
the state of Pennsylvania and will continue to deliver on our promise of
innovation and sustainability,’’ said Ryder President of Fleet
Management Solutions,
Dennis Cooke
. “With more than 80 years of
experience in the transportation industry, Ryder takes pride helping a
111-year old, family-owned business make progress toward reducing their
carbon output and meet their environmental objectives.”
Pennsylvania Macaroni was founded in 1902 by Augustino, Salvatore and
Michael Sunseri
as a family-owned and locally operated company. The
company distributes Italian pastas, deli meats, bread, cheese, spices,
sauces, olive oils, and cooking tools in the states of Pennsylvania,
West Virginia, Ohio, Maryland, and New York. The company also has a
retail storefront located in the historic Strip District of Pittsburgh,
Pa. and has their products accessible for ordering online.
Ryder has deployed more than 300 Compressed Natural Gas (CNG) and
Liquefied Natural Gas (LNG) vehicles with approximately 40 Ryder
customers in California, New York, Michigan, Arizona, and Louisiana. The
company recently opened its first Liquefied to Compressed Natural Gas
fuel stations in Orange and Fontana, Ca. For more information about how
Ryder innovates for the environment, read Ryder’s Corporate
Sustainability Report.
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.