- New offerings only available from Ryder -
MIAMI--(BUSINESS WIRE)--
Ryder
System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, today announced the launch of two new commercial
vehicle lease products, designed to offer customers the most
flexibility, choice, and control in fleet management.
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With today's announcement, customers interested in leasing can choose from three different, flexible "Ryder ChoiceLease" maintenance options: Full Service, Preventive, and On-Demand. (Photo: Business Wire)
Ryder’s pioneering work in truck leasing has helped set the industry
standard for more than 80 years. Until now, Ryder’s traditional Full
Service Lease has offered only one option for maintenance. With today’s
announcement, customers interested in leasing can choose from three
different, flexible “Ryder ChoiceLease” maintenance options: Full
Service, Preventive, and On-Demand. This scalable model enables
customers to decide the terms of their lease alongside the level of
maintenance they prefer, from total bumper-to-bumper coverage to
pay-as-you-go maintenance, accessed only when and where they need it.
“Our Full Service Lease customers recognize the value that comes from
our fully comprehensive leasing and maintenance offering,” said Ryder
Chairman and CEO Robert Sanchez. “However, recent market research and
conversations with private fleet owners and other prospects that are new
to outsourcing have shown that there is strong interest in having
options. The new Ryder ChoiceLease products provide agility and
customization for businesses that want more control when it comes to
their fleets. We’re listening to the marketplace, and offering customers
the unique opportunity to do business with Ryder on their terms.
“These new products also help address some of the barriers that in the
past, have prevented private fleets from outsourcing their
transportation functions,” Sanchez continued. “By offering greater
flexibility in our leasing portfolio, we are making it easier for more
companies to do business with Ryder.”
Ryder ChoiceLease Full Service is the Company’s traditional full service
lease with all maintenance included. Ryder ChoiceLease Preventive allows
customers to enjoy the financial benefits of a Ryder lease with
preventive maintenance on new and used vehicles, enabling them to choose
how and where to handle their other repairs or maintenance outside of
preventive checks. Ryder ChoiceLease On-Demand provides customers with
the financial benefits of leasing, combined with access to Ryder’s
national maintenance network on a pay-as-you-go basis. The offering is
only available on new and used trailers, as well as used power equipment.
A first in the transportation industry, the Ryder ChoiceLease is a
breakthrough strategic advantage for businesses, helping to save time,
control costs, and streamline fleet management. Ryder’s new product
portfolio offers flexibility that no other leasing and maintenance
provider can. Customers now get:
-
The most flexible maintenance choices – Full Service, Preventive, or
On-Demand
-
The most flexible equipment options – the widest selection of new or
used tractors, trailers and trucks from a variety of manufacturers
-
The most flexible terms – short-, medium-, or long-term
-
The most flexible financing – choose from a number of Ryder financing
options that help businesses take advantage of tax benefits
-
The most variety of value added services – from fuel and insurance, to
safety services
For more information about what Ryder ChoiceLease solution is right for
your business, visit ryder.com.
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/20160523005190/en/
Source: Ryder System, Inc.