New York Based Full-Service Grocery Retailer Leases 55 Compressed
Natural Gas Vehicles
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial
fleet management and supply
chain solutions, announced today that Tops
Friendly Markets has signed a full service lease agreement for 55
compressed natural gas (CNG) tractors. Tops, a leading full-service
grocery retailer in upstate New York, northern Pennsylvania, and western
Vermont, will use the trucks to support its distribution and delivery
operations. This natural gas vehicle project is expected to reduce
greenhouse gas emissions by 3,138 tons annually and expected to save
Tops more than 50 percent of its fuel costs annually through a reduction
of 1,200,000 gallons of diesel fuel consumption. Headquartered in
Williamsville, New York, Tops operates 162 full-service supermarkets in
the northeast of the United States. This is Ryder’s first project with
Tops.
“Ryder is leveraging its leadership in natural gas to make it as easy as
possible for customers to implement sustainable transportation solutions
that also enable them to realize meaningful cost-savings and
efficiencies,” said Ryder President of Global Fleet Management
Solutions, Dennis Cooke. “When companies like Tops Friendly Markets
choose Ryder to manage their fleets, they can focus on driving what
matters to them – managing their core business and servicing their
customers.”
Tops will take delivery of the 55 natural gas vehicles in mid-2015 to
replace its entire fleet of 55 diesel-powered vehicles. Ryder will also
provide maintenance for the CNG vehicles from Ryder’s Buffalo, NY
service facility, which is being upgraded for compliance with natural
gas standards.
“At Tops Friendly Markets, our priorities are to have a reliable fleet
of well-maintained vehicles to ensure our stores receive deliveries on
time,” said Ron Ferri, Senior Vice President of Distribution and
Logistics at Tops Friendly Markets. “With Ryder’s natural gas vehicles,
we have the confidence that we can get the service and performance we
need from our new natural gas fleet, while operating more
cost-efficiently and environmentally friendly.”
Ryder 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 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,
Maryland, 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
and follow us on Facebook,
YouTube,
and Twitter.
About Tops Friendly Markets
Tops Markets, LLC, is headquartered in Williamsville, NY and operates
162 full-service supermarkets – 157 company-owned and five franchise
locations. With more than 16,000 associates, Tops is a leading
full-service grocery retailer in upstate New York, northern Pennsylvania
and western Vermont. For more information about Tops Markets, visit the
company's website at www.topsmarkets.com.
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.