MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, today announced that Mueller,
Inc. – a leading manufacturer of pre-engineered metal buildings and
metal roofing products – has selected Ryder as its full service lease
provider for a total of 26 vehicles. In its 85-year history, this is the
first time Mueller elects to outsource its fleet management. With Ryder
ChoiceLease Full Service, Ryder acquires vehicles according to the
customer’s specifications, provides financing, bumper-to-bumper
maintenance, and fleet support services, and then manages vehicle
disposal to protect customers from residual risk.
“Ryder is happy to partner with an industry leader like Mueller that has
more than 80 years of expertise in metals manufacturing,” said Dennis
Cooke. “We are eager to bring them best-in-class leasing and maintenance
services, equipped with the best technicians in the industry and a
network of more than 800 owned and operated service locations.”
With 33 branch locations in Texas, New Mexico, Louisiana, and Oklahoma,
as well as four owned and operated manufacturing facilities, Mueller
needed to bring the full focus back to their business. The company is
able to achieve just that by shifting its fleet management
responsibilities to a trusted third party provider like Ryder. Up until
Mueller made the decision to outsource, it had been up to its branch
locations’ individual managers to ensure that each vehicle was getting
serviced. This resulted in varying, sometimes outrageous, maintenance
rates across states, as well as inconsistencies around the maintenance
of the vehicles.
“Internally, it was difficult to track which trucks were getting
maintained when,” said Mueller CFO Phillip Arp. “With safety regulations
growing more and more stringent, we look to Ryder as a one-stop shop for
managing our maintenance records, ensuring preventive maintenance gets
done, advising us as to which trucks are costing us more money, and
handling our vehicle trade-ins.”
Mr. Arp acknowledges that by outsourcing, Mueller will be able to assess
their transportation needs, while saving time and energy. By leasing
with Ryder, he said that the company will now have access to data that
it did not have before. This data will enable them to identify the total
cost of ownership of their fleet’s remaining vehicles, which they plan
to transition incrementally.
To learn more about Ryder’s fleet leasing solutions, visit http://ryder.com/solutions/fleet-leasing.
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/20160831005123/en/
Source: Ryder System, Inc.