Baked Foods Distributor will Add 25 Natural Gas Vehicles to its
Delivery Fleet that Services McDonald’s Corporation
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial
fleet management and supply
chain solutions, announced today that Northeast Foods has signed a
full-service lease agreement for 25 compressed natural gas (CNG)
tractors. Northeast Foods, a baking company and food distributor based
in Baltimore, Md., will use the trucks to support its distribution and
delivery operations that exclusively service McDonald’s Corporation.
Northeast Foods has been a key supplier to the McDonald's fast food
chain since 1965 and is now the largest supplier of buns in the United
States. This will be Ryder’s first natural gas lease customer in
Maryland. Ryder will provide maintenance for the 25 CNG vehicles from
Ryder’s Baltimore service facility, which is being upgraded for
compliance with natural gas standards.
“With several years of experience operating and maintaining natural gas
vehicles, we are in a unique position to help businesses leverage our
expertise by making advanced fuel vehicles available through our lease
and rental arrangements,” said Ryder President of Global Fleet
Management Solutions, Dennis Cooke. “When companies like Northeast Foods
choose Ryder to manage their fleets, they can focus on driving what
matters to them – managing their core business and servicing their
customers.”
Northeast Foods is a family-owned business that has been in operation
since 1943. The large baked goods distributor is owned and operated by
four brothers; Steve, Bill, John Jr., and Chuck Paterakis, who took over
the company from their father, John Paterakis Sr. Northeast Foods
distributes baked goods to 15,000 direct delivery customers every day,
including up to 90 percent of all Maryland public schools, as well as to
hundreds of super markets, including private labels, restaurants and
even world-renowned fast food chain restaurants. Northeast Foods will
begin to take delivery of the NGVs in 2015 and expects to have all 25
CNG vehicles fully operational by midyear.
“In the fresh food business, our top priority is to have a reliable
fleet of well-maintained vehicles to ensure our customers get their
deliveries when and where they need them,” said Chuck Paterakis, Vice
President of Transportation and Logistics for Northeast Foods. “With
Ryder’s natural gas vehicles, we have the confidence that we can get the
service and performance we need from our fleet today, while operating
more cost-efficiently and environmentally-friendly.”
Advanced fuel solutions are one area where Ryder’s impact is evident.
The Company is the leader in natural gas vehicle solutions for the
commercial transportation industry, with more than 27 million miles of
experience, 14 natural gas vehicle maintenance facilities, and 260
natural gas vehicle trained technicians. Ryder has also deployed
Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) vehicles
into the fleets of Ryder customers in California, New York, Michigan,
Texas, Arizona, Utah, Georgia and Louisiana as well as in Canada. The
Company also operates Liquefied to Compressed Natural Gas (LCNG) fuel
stations at its Fontana and Orange, Calif., service locations. Ryder
also operates an LNG fuel station at its Fulton, Ga. maintenance
facility.
Ryder’s food and beverage industry expertise extends beyond
transportation, to a full range of supply chain solutions that thousands
of companies rely on in order to deliver great customer service, compete
more effectively, and focus on their core business. With Ryder as a
trusted partner, businesses can tap into Ryder’s industry expertise,
national network of maintenance facilities with expert refrigeration
technicians, and warehousing space, along with the latest in tracking
technologies and best-in-class safety processes.
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 included Ryder in its “Green Partners”
listing for five years in a row. 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. A member of the American Red Cross Disaster Responder
Program, Ryder is proud to support 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.