MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE:R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, today announced that Ryder, through its Ryder Fuel
Services division, has been selected as a preferred fuel services
partner for Hydrotex, a manufacturer of high-performance lubricants,
fuel improvers, and advanced filtration solutions. Under this
arrangement, Ryder will be the preferred provider of comprehensive tank
monitoring and management services for Hydrotex’s Precision Fuel
Management and Clean Diesel Fuel Management programs within its customer
network.
“We’re very excited to become Hydrotex’s preferred provider,” said Peter
J. Cochefski, Director of Ryder Fuel Services. “This is a great
opportunity to team up with a respected and prominent name in the fuel
improvement market. We’re really looking forward to working with them as
they provide their customers with a better solution for improving
diesel-fuel quality.”
Ryder provides fuel management programs for fuel inventory, compliance,
alarm/service, and customized project management solutions, as well as
environmental best practices. These programs help Ryder’s customers
improve operating efficiencies, reduce costs, and minimize negative
environmental impacts. Under this agreement, Ryder will provide Hydrotex
a menu of services that include:
-
Enhanced filtration system installation services;
-
Tank inspection services;
-
Tank cleaning services;
-
Dosing system installation services; and
-
Inventory management system installation services.
The Hydrotex Precision Fuel Management and Clean Diesel Fuel Management
programs provide a fuel improvement strategy and tactical processes
through a national network of fuel jobbers and direct field
representatives.
“This technology-enabled approach to managing the challenges presented
by ultra-low-sulfur diesel (ULSD) and various biodiesel blends provides
the shortest route to dramatic fuel-quality improvement,” said John
Beasley, President and CEO of Hydrotex. “This new partnership with
Ryder, a respected fuel-management solutions provider with a nationwide
footprint, will help us drive our message that improving the cleanliness
level of your diesel fuel, no matter the formulation, is the best way to
reduce annual operating costs and improve customer satisfaction.”
For more information about Ryder Fuel Services, visit http://www.ryder.com/solutions/fleet-leasing/fuel-services.
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
S&P MidCap 400® 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/20170803005260/en/
Source: Ryder System, Inc.