Ryder’s Maintenance Expertise and Nationwide Network Helps Slay
Improve Customer Service
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial
fleet management and supply
chain solutions, announced that liquid and dry bulk carrier Slay
Transportation Company, Inc. (Slay) signed a Ryder Full Service
Lease agreement for 142 vehicles. Slay has been a Ryder lease and
maintenance customer since 2012. This agreement represents a significant
expansion of Slay’s relationship with Ryder. Through a Full
Service Lease, Ryder acquires vehicles according to the customer’s
specifications and provides financing, maintenance, and fleet support
services. It also manages vehicle disposal to protect customers from
residual risk.
According to Slay Transportation’s CEO, Gary E. Slay, leasing vehicles
from Ryder was a strategic decision that helped the company focus on its
core bulk trucking business and eliminated the challenges that come from
fleet ownership, including maintenance, vehicle disposal, and compliance
with safety and emission regulations.
“It has become increasingly difficult and costly to maintain our own
equipment and find qualified technicians that can keep up with the
changing vehicle technology,” said Gary E. Slay, CEO of Slay
Transportation. “Ryder helped us develop custom vehicle specs to meet
the various needs of our business. Ryder also has the nationwide service
network to provide the service coverage required for our business. As a
result, we have experienced better fuel economy, fewer breakdowns,
improved CSA scores, and the ability to recruit and retain professional
drivers who appreciate operating the newest equipment available. All of
these factors improve the service Slay provides to our customers.”
Slay Transportation operates its liquid and dry bulk transportation
company within the continental 48 states, including service to Canada
and Mexico, with an emphasis on in-house transportation and logistics
solutions for the chemical industry. The company places the highest
priority on maintaining a highly specialized trailer fleet and well
trained driving force thus ensuring safe, on-time deliveries. Slay
Transportation is an American Chemistry Council Responsible Care Partner
and a Partner Member of SmartWay.
“Ryder’s network of fuel and service locations, along with our expert
technicians, continues to be a huge differentiator, especially for large
fleets that operate across the U.S. and beyond,” said Dennis Cooke,
President, Fleet Management Solutions, Ryder. “We are excited to do
business with Slay and help make their business ever better.”
About Ryder
Ryder is a FORTUNE 500® commercial fleet management and supply chain
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 green supply chain partner. In addition, Security
Magazine has named Ryder one of the top companies for security practices
in the transportation, logistics, supply chain, and warehousing sector.
Ryder is a proud member of the American Red Cross Disaster Responder
Program, supporting national and local disaster preparedness and
response efforts. For more information, visit www.ryder.com
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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.