MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in commercial fleet management and supply chain solutions, announced that liquid and dry bulk carrier Slay Transportation Company, Inc. (Slay) signed a Ryder Full Service Lease agreement for 142 vehicles. Slay has been a Ryder lease and maintenance customer since 2012. This agreement represents a significant expansion of Slay’s relationship with Ryder. Through a Full Service Lease, Ryder acquires vehicles according to the customer’s specifications and provides financing, maintenance, and fleet support services. It also manages vehicle disposal to protect customers from residual risk.
According to Slay Transportation’s CEO, Gary E. Slay, leasing vehicles from Ryder was a strategic decision that helped the company focus on its core bulk trucking business and eliminated the challenges that come from fleet ownership, including maintenance, vehicle disposal, and compliance with safety and emission regulations.
“It has become increasingly difficult and costly to maintain our own equipment and find qualified technicians that can keep up with the changing vehicle technology,” said Gary E. Slay, CEO of Slay Transportation. “Ryder helped us develop custom vehicle specs to meet the various needs of our business. Ryder also has the nationwide service network to provide the service coverage required for our business. As a result, we have experienced better fuel economy, fewer breakdowns, improved CSA scores, and the ability to recruit and retain professional drivers who appreciate operating the newest equipment available. All of these factors improve the service Slay provides to our customers.”
Slay Transportation operates its liquid and dry bulk transportation company within the continental 48 states, including service to Canada and Mexico, with an emphasis on in-house transportation and logistics solutions for the chemical industry. The company places the highest priority on maintaining a highly specialized trailer fleet and well trained driving force thus ensuring safe, on-time deliveries. Slay Transportation is an American Chemistry Council Responsible Care Partner and a Partner Member of SmartWay.
“Ryder’s network of fuel and service locations, along with our expert technicians, continues to be a huge differentiator, especially for large fleets that operate across the U.S. and beyond,” said Dennis Cooke, President, Fleet Management Solutions, Ryder. “We are excited to do business with Slay and help make their business ever better.”
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 recognized Ryder as a top third party logistics provider and green supply chain partner. 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 Disaster Responder 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.