Truckload Carrier will Replace 100 Heavy Duty Vehicles with
Compressed Natural Gas
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial
fleet management and supply
chain solutions, announced today that C.A.T.
Inc. (formally Canadian American Transportation, Inc.) has signed a
full-service lease agreement for 100 compressed natural gas (CNG)
sleeper tractors. This is Ryder’s first natural gas lease customer in
Canada and its largest single natural gas vehicle customer to date.
C.A.T., a truckload carrier based in Coteau-du-Lac, Quebec, Canada, will
use the trucks in its delivery fleet that travels from Montreal, Canada
to Laredo, Texas. C.A.T. has served the shipping public between Canada
and the United States since 1978 and provides transportation services to
major corporations within the automotive, food, beverage, consumer
packaged goods (CPG), and electronic industries. Ryder will also provide
maintenance for the 100 CNG vehicles from Ryder’s Montreal, Canada
service facility, which is being upgraded for compliance with natural
gas standards.
“Ryder’s investment in natural gas vehicles and maintenance
infrastructure began with a pilot project in Southern California, and
has grown to be one of the largest commercial natural gas vehicle
programs in North America,” said Ryder President of Global Fleet
Management Solutions, Dennis Cooke. “As we continue to expand our
natural gas vehicle footprint, we are able to help more businesses
convert their fleets to this cost-effective and environmentally-friendly
advanced fuel solution.”
C.A.T. has been leasing trucks from Ryder for the past eight years.
Ryder will replace almost one-third of C.A.T.’s fleet of 325 vehicles
with 100 CNG sleeper tractors. The natural gas fleet is expected to have
a carbon emissions reduction of 2,564 metric tons.
“C.A.T.’s natural gas fleet program will enable us to be extremely
successful in supporting our customers’ sustainability efforts. We are
excited to work with Ryder to transfer our diesel fleet to a CNG fleet
in Canada,” said C.A.T. President, Daniel Goyette. “With Ryder’s natural
gas vehicle and maintenance expertise, 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.”
Ryder is an industry leader in natural gas vehicle solutions for the
commercial transportation market with more than 27 million miles of
natural gas operating experience. Businesses can tap into Ryder's
extensive knowledge of natural gas vehicle operations, expanding
maintenance network, and its highly trained and experienced technicians,
to ensure the safe operation, maintenance, and fueling of natural gas
vehicles. Ryder’s leasing and rental business model enables businesses
to “test” the new technology with less risk of downtime, as well as
insulate themselves from the unknown residual risk. The Company has
deployed Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG)
vehicles into the fleets for Ryder customers in California, New York,
Michigan, Texas, Arizona, Utah, Georgia and Louisiana. The Company
operates two Liquefied to Compressed Natural Gas (LCNG) fuel stations at
its maintenance facilities in Orange and Fontana, Calif. Ryder also
operates an LNG fuel station at its Fulton, Ga. maintenance facility.
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
and follow us on Facebook,
YouTube,
and Twitter.
About C.A.T.
Founded in 1978, C.A.T. INC. aimed to provide quality transport services
between Canada and the USA. Thanks to the dedication and competence of
its staff, the company expanded its network by increasing its activities
beyond the US-Mexico border. Over the years, numerous large companies
have helped C.A.T. INC. maintain a constant evolution. Today C.A.T. INC.
has several terminals in Canada and the United States to accommodate its
customers: Coteau-du-Lac, QC; Vaudreuil, QC; Napanee, ON; Mississauga,
ON; Toronto, ON; Kitchener, ON; Memphis, TN; Laredo, TX; Charlotte, NC.
For over 15 years C.A.T. INC. has been diligently involved in research
and development to improve its performance in terms of energy and level
of road safety (changing to automatic transmission, installation of
skirts to their trailers, etc.). Proudly certified 'Smartway' since
2007, one and the same with excellence in energy efficiency to reduce
greenhouse gas emissions, C.A.T. continues to pose actions to ensure its
place as a leader in terms of improving the quality of the environment
with its equipments, as well as with its infrastructures. To learn more
about C.A.T. INC., visit us on www.cat.ca
and follow us on Facebook.
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.