MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE:R), a leader in commercial transportation and supply chain management solutions, will participate in “Transforming Trucking with Natural Gas,” a free educational event focused on promoting opportunities for increasing the use of natural gas trucks in commercial transportation. Vice President of Sales for Ryder’s Western Region, Alex Madrinkian, will be a featured speaker and will discuss the cost saving and environmental benefits of natural gas for commercial trucking applications. The event, co-hosted by the Coalition for Clean Air and the Southern California Gas Company and supported by the Port of Long Beach, will be held on Tuesday, May 15, 2012 from 9:00 a.m. to 11:30 a.m. at the Center at Cathedral Plaza in Los Angeles, Calif.
Mr. Madrinkian will highlight Ryder’s leadership in natural gas, specifically the company’s successful commercial natural gas truck project in Southern California. Ryder became the first outsourced fleet provider to offer heavy duty natural gas vehicles for the leasing and rental industry through a groundbreaking natural gas vehicle project with the San Bernardino Associated Governments (SANBAG) in Southern California. Ryder’s partnership with SANBAG and the Southern California Association of Governments (SCAG) Clean Cities Coalition includes the deployment of 202 heavy duty natural gas-powered vehicles, made available to customers for rent or lease or through Ryder’s dedicated logistics services. As part of the project, Ryder is building two natural gas refueling stations and has equipped three maintenance facilities for the indoor servicing of natural gas vehicles in Fontana, Orange, and Rancho Dominguez, Calif. The $38.7 million project is being funded as part of a joint public/private industry partnership between the U.S. Department of Energy, the California Energy Commission, and Ryder.
Ryder’s natural gas fleet includes both compressed and liquid natural gas vehicles that are currently deployed in customer operations in California, Arizona and Michigan.
To register for the event, visit http://goodsmovementfortomorrow.eventbrite.com/.
Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management 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 recognized Ryder as a top third party logistics provider and included Ryder in its 2011 and 2010 “Green Partners” listing. Ryder has also been ranked two years in a row as one of the top 250 U.S. companies in the Newsweek Green Rankings. In addition, Security Magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com and follow us on Facebook, YouTube, and Twitter.
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.