MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE:R), a leader in commercial fleet management and supply chain solutions, has achieved a significant milestone with its fleet of natural gas vehicles surpassing 30 million miles. The fleet consists of liquefied natural gas and compressed natural gas tractors serving customers in California, New York, Michigan, Texas, Arizona, Utah, Maryland, Georgia and Louisiana, as well as in Canada. Since deploying its natural gas vehicle program in 2011, Ryder has replaced approximately 4.6 million gallons of diesel fuel with lower emission domestically produced natural gas.
“We continue to see demand for natural gas vehicles from businesses looking to reduce costs and advance the environmental sustainability of their fleets,” said Ryder President of Global Fleet Management Solutions, Dennis Cooke. “When companies outsource to Ryder, they get the benefits of our extensive experience operating and maintaining natural gas fleets, so they can reduce risk, maximize performance and speed return on investment.”
Customers can tap into Ryder's extensive knowledge of natural gas and rapidly evolving alternative fuels maintenance network, along with its highly trained and experienced technicians, to ensure the safe operation, maintenance, and fueling of natural gas vehicles. Ryder’s alternative fuels sales team can also help businesses determine which vehicle configurations work best for their specific applications.
As an industry leader in natural gas vehicle solutions for the commercial transportation market, Ryder is able to leverage its buying power knowledge of emerging fleet technologies and government rebates and tax incentive programs to help reduce natural gas vehicle costs for customers and offer more competitive lease and rental rates. Ryder actively monitors public and private incentive programs throughout the U.S. and Canada to leverage those areas that offer incentives.
In addition to making natural gas vehicles available for rent or lease, Ryder’s “Flex-to-Green Lease” solution is designed to ease the transition to a greener fleet. Businesses that opt for Ryder’s Flex-to-Green Lease start out with a diesel-powered vehicle and then have the option to convert to a natural gas vehicle at any time following the first full year of the lease. Flex-to-Green customers enjoy all the maintenance and service benefits of a standard Ryder Full Service Lease, which may include substitute vehicles during unexpected downtime.
Ryder currently operates Liquefied to Compressed Natural Gas (LCNG) fuel stations at its Fontana and Orange, Calif., service locations. Ryder also offers LNG fueling at its Fulton, Ga. maintenance facility.
For more information on Ryder’s available leasing options, please call 1-800-RYDER-OK.
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 included Ryder in its “Green Partners” listing for five years in a row. Ryder is a charter member of the NGV Fleet Forum and a member of the Department of Energy’s National Clean Fleets partnership. Ryder is also a recipient of the 2011 NGV Achievement Award. A member of the American Red Cross Disaster Responder Program, Ryder is proud to support national and local disaster preparedness and response efforts. For more information, visit www.ryder.com and follow us on Facebook, YouTube, Twitter, and on our Online Newsroom. Access Ryder’s Corporate Sustainability Report here.
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.