MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that it is named as a Green Supply Chain Partner in the annual Inbound Logistics “G75” special section, which recognizes the 75 leading companies that demonstrate a deep commitment to efficiency and sustainability. This marks the eleventh consecutive year that Ryder has been honored by the publication.
As part of its sustainability efforts, the company plans to help pave the way for the adoption of commercial electric vehicles (EV) in the U.S. Together, with an order of 1,000 medium-duty electric panel vans by Chanje Energy Inc., Ryder and FedEx Corp. executed a truck leasing and preventive maintenance agreement, primarily for Ryder’s ChoiceLease fleet. The purpose-built electric vehicles will be operated by FedEx Express for commercial and residential pick-up and delivery services in the U.S. The fleet is expected to be deployed throughout California over the next two years.
Ryder is the exclusive distribution and service provider for Chanje, as well as Workhorse, and is the sole distribution and maintenance provider in N. America for Nikola’s hydrogen fuel cell semi-truck.
“Ryder is in a unique position to help customers meet their sustainability goals by offering innovative and flexible solutions,” said Dennis Cooke, President of Ryder Fleet Management Solutions. “We have the partnerships and maintenance facilities to enable the adoption and integration of alternative fuel technologies, which can reduce environmental impact significantly.”
As part of its commitment to sustainability across the supply chain, Ryder is also recognized for saving 100 million kWh of electricity and 180 million pounds of carbon dioxide equivalents, as well as eliminating 4.5 million empty truck miles and deriving 25 percent of jet fuel from alternative fuels.
Ryder has also been recognized by the U.S. Environmental Protection Agency with a SmartWay Excellence Award for reducing GHG emissions.
Ryder is a Fortune 500® commercial fleet management, dedicated transportation, and supply chain solutions company. The company’s stock (NYSE: R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400® index. Ryder, which provides commercial truck rental, truck leasing, used trucks for sale, and last mile delivery services, has been named among “The World’s Most Admired Companies” by Fortune, as well as one of “America’s Best Employers” and “America’s Best Employers for Women” by Forbes. The company is regularly recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, world-class safety and security programs, and hiring of military veterans. For more information, visit www.ryder.com or our newsroom, and follow us on Facebook, LinkedIn, 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.