MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE:R), a leader commercial
fleet management, dedicated
transportation, and supply
chain solutions, announced today that the Greater
Houston Retailers Cooperative Association, Inc. (GHRA) — which
provides sustainable value to independent convenience store members and
supplier partners in the Greater Houston area — has outsourced its truck
fleet to Ryder with a Full
Service Lease (FSL) agreement for 25 box trucks, set to be delivered
in November. Under a FSL, Ryder acquires vehicles according to the
customer’s specifications, provides financing, maintenance, and fleet
support services, and then manages vehicle disposal to protect customers
from residual risk. This is the first time GHRA has outsourced its fleet.
TWEET THIS: @GHRATweets Outsources Truck Fleet to @RyderPR
“We wanted to understand the true cost of running our fleet, which is
why we turned to Ryder,” said Nick Gibbons, General Manager, GHRA. “We
opted to outsource because managing fleet maintenance entails a great
deal of time and resources. GHRA is confident that the maintenance
experts at Ryder will help us keep our vehicles safe and on the road,
which will give us the ability to focus more on what we do best—serving
our customers.”
Members of GHRA include convenience stores and gas stations in the
Greater Houston, Bryan, Beaumont, Huntsville, and Galveston area, which,
through their membership, gain access to benefits such as bulk buying
power, product discounts, and rebate programs, along with educational
and training seminars. In business for the past 15 years, GHRA has
witnessed continued growth and is now currently building a new grocery
warehouse and distribution center. This new warehouse and distribution
center will be able to manage all of its members’ grocery needs.
“We are eager to begin our new partnership with GHRA and to provide them
with access to some of the best technicians and vehicle technology in
the industry,” said Dennis Cooke, President of Global Fleet Management
Solutions for Ryder. “As they continue to grow, we are confident that
Ryder will meet their needs every step of the way.”
GHRA helps its members achieve better rates and discounts on goods and
services they purchase, through negotiations with various vendors,
including FORTUNE 500® companies. Almost one third of all C-Stores in
the Greater Houston area are members of the GHRA. GHRA has a membership
of 1,800 convenience stores and is one of the most innovative and
developed convenience store cooperatives in the country.
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. Ryder 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. The Company 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150803005076/en/
Source: Ryder System, Inc.