Customers will benefit from up to a 1.5% improvement in fuel economy
and reduced greenhouse gas emissions
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial fleet
management and supply
chain solutions, announced today that it is the first national
maintenance service provider to convert its entire bulk oil program to
low viscosity, high efficiency engine oil. The 10W-30 grade oil is now
being used to service all Ryder lease, rental, and maintenance customer
vehicles as part of the company’s regular Preventive
Maintenance program.
Using the more efficient oil, Ryder will enable customers to achieve up
to a 1.5 percent improvement in fuel economy. In addition, the move will
translate into a collective reduction of almost 110,000 metric tonnes of
carbon (CO2e) emissions annually.
“As a leader in our industry, we have a unique opportunity and ability
to improve cost efficiencies and reduce the environmental impacts of our
operations, as well as those of the tens of thousands of customers we
serve,” stated Scott Perry, Vice President of Supply Management and
Global Fuel Products for Ryder. “This initiative is the latest example
of proactive steps we take to continually improve the performance and
sustainability of our customers’ fleets.”
Ryder uses approximately three million gallons of engine oil in its
operations each year. Through the company’s automotive waste recycle and
reuse program, Ryder annually recycles approximately 3 million gallons
of used oil, 100,000 million gallons of oily water, 12,000 drums of used
oil filters, 47,000 gallons of solvent, and 100,000 automotive
batteries. This program results in a reduction of more than 22,000
metric tonnes of CO2e. For more information about Ryder’s
sustainability programs, download the company’s Corporate
Sustainability Report.
Ryder’s Preventive
Maintenance service leverages a nationwide network of 800 locations
and 5,000 trained technicians to provide regularly scheduled maintenance
and optionally take care of major repairs when and where they’re needed.
Drawing on industry-leading maintenance expertise, Ryder technicians
keep customers trucks in excellent mechanical condition and
inspection-ready. With national coverage, customers can enjoy the same
high-quality Ryder service anywhere their vehicles travel.
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,
Twitter,
and on our Online
Newsroom. 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.
Tweet This: Ryder converts to high efficiency engine #oil. Helps
customers improve #fuel efficiency and reduce #GHG #emissions.
#smallerfootprints @RyderPR
Source: Ryder System, Inc.