Ryder Brings Sustainable Delivery Fleet to M&B Products
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial
fleet management, dedicated
transportation, and supply
chain solutions, announced today that it has signed a natural gas
vehicle (NGV) lease contract with its new customer in Florida, M&B
Products, a state-of-the-art eco-friendly dairy farm. M&B has signed
a full
service lease agreement with Ryder for three compressed natural gas
(CNG) heavy duty vehicles. The new CNG trucks will be maintained by
Ryder at its Tampa, Fla. service facility located at 4015 N 40th
Street, which is already engineered to meet the unique maintenance
compliance requirements for natural gas.
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M&B produces, manufactures, and packages fruit juices, milk, yogurt, and
water in a variety of packages including cartons, cups, and pouches
under an assortment of brand names. The company will use the new CNG
vehicles to support its distribution fleet that services distributors in
the South Florida region from Tampa to Miami.
“Adding natural gas heavy duty trucks to our delivery fleet aligns with
our efforts to raise the bar on eco-friendly farming,” said M&B Products
Transportation Consultant, Mike McGucken. “We are proud to work with
Ryder to bring this cleaner technology into our business, so we can not
only run an efficient and environmentally-sound dairy, but also be a
good neighbor and corporate citizen. M&B continuously looks for ways to
reduce their carbon footprint.”
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.
“By leasing natural gas vehicles from Ryder, companies like M&B Products
can realize the cost-saving and environmental benefits of the new
technology, with less risk and capital outlay,” said Ryder President of
Global Fleet Management Solutions, Dennis Cooke. “Ryder’s natural gas
vehicle operating experience and maintenance expertise gives M&B the
confidence they need to keep their fleet up and running, and reinforces
their reputation as a company that is always striving to improve.”
The natural gas vehicles are being made available through M&B Product’s
participation in the Natural Gas Fuel Fleet Vehicle Rebate Program,
funded by the Florida Department of Agriculture and Consumer Services.
The Natural Gas Fuel Fleet Vehicle Rebate provides eligible applicants a
rebate worth up to $25,000 on each vehicle for the cost of conversion or
the incremental cost incurred by an applicant in connection with the
conversion, purchase, or lease for a minimum term of five years.
Ryder is the leader in natural
gas vehicles solutions for the commercial transportation industry,
with more than 30 million miles of experience, 17 NGV maintenance
facilities, and more than 2,200 NGV trained technicians. Ryder has
initiated deployment of natural gas vehicles into the fleets of Ryder
customers in Arizona, Arkansas, California, Georgia, Louisiana,
Maryland, Michigan, New York, Texas, Utah, and Quebec, Canada. The
Company operates Liquefied to Compressed Natural Gas (LCNG) fuel
stations at its Fontana and Orange, Calif., service locations. Ryder
partners with several premier natural gas fuel providers to help
customers identify convenient fueling locations that support their
delivery routes.
Ryder offers a full
menu of transportation and logistics solutions for thousands of
companies in the food and beverage industry. The Company serves the top
10 food & beverage companies in the country, with source to shelf
solutions, including contract packing and labeling, distribution and
inventory management, safety, sustainability, and dedicated
transportation. With Ryder as a trusted partner, companies can access
Ryder’s vast network of vehicles, maintenance facilities with expert
refrigeration technicians, and temperature-controlled 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, dedicated
transportation, 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. The Company has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. 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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Access Ryder’s Corporate Sustainability Report here.
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.
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Source: Ryder System, Inc.