New Flexible Leasing Program Makes It Easier for Customers to Incorporate Green Vehicles into Their Fleets
MIAMI--(BUSINESS WIRE)--Ryder
System, Inc. (NYSE: R), a leader in commercial transportation and
supply chain management solutions, today announced the launch of its new “Flex-to-Green”
lease offering, making it easier for private fleet operators to jump
start their sustainability programs by providing the option of
incorporating alternative fuel vehicles into their fleets in support of
their business objectives. Ryder’s alternative fuel fleet includes
compressed and liquid natural gas vehicles, which are offered in select
markets as well as hybrid vehicles, which are available in most U.S.
markets. Ryder currently supports natural gas vehicles in southern
California and Arizona. As Ryder’s capabilities and infrastructure to
support natural gas vehicles are expanded, the Flex-to-Green lease
option will be offered to customers in those new markets.
“Ryder is committed to making it as easy as possible for customers to
implement sustainable transportation solutions,” said Robert Sanchez,
President of Global Fleet Management Solutions for Ryder. “The new
‘Flex-to-Green’ offering makes sustainable efficiency simple by
providing a flexible product that enables customers to incorporate
alternative fuel vehicles into their fleet when they are ready.”
As a leader in commercial truck leasing, Ryder has the unique ability to
influence and reach a broad, diverse customer base to improve access to
alternative fuels and vehicle technologies on a national level.
Recognizing the company’s leadership in natural gas, in April 2010, the
San Bernardino Associated Governments (SANBAG) Board collaborated with
Ryder as its fleet partner in a groundbreaking ceremony for its
heavy-duty natural gas truck rental and leasing project. As part of the
project, which aims to improve air quality in Southern California, 202
heavy-duty natural gas powered trucks are being deployed into Ryder’s
Southern California operations network. Ryder customers can access these
natural gas-powered vehicles through short-term rentals, long-term
leases or Ryder’s dedicated logistics services. In addition, Ryder has
constructed new natural gas refueling stations and will maintain
vehicles at three maintenance shops in Fontana, Orange, and Rancho
Dominguez. Each maintenance facility is being equipped for the indoor
repair of natural gas vehicles.
According to Deborah Barmack, SANBAG executive director, “It’s important
that companies like Ryder are developing product offerings to help
customers make the transition to natural gas vehicles as easy as
possible so they can tap into the predictability, cost-efficiency, and
environmental benefits of alternative fuels.”
Ryder’s “Flex-to-Green” offering is available immediately. For
additional information, visit www.ryder.com/flextogreen
or call your local Ryder representative.
About Ryder
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 2010
and 2011 “Green Partners” listing. Ryder also ranked 114 out of the top
500 U.S. companies and sixth in its industry sector in the 2010 Newsweek
Green Rankings. 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 proud member of the American Red Cross
Annual Disaster Giving Program, supporting national and local disaster
preparedness and response efforts. For more information on Ryder System,
Inc., visit www.ryder.com.
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.
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Ryder System, Inc.
Lisa Hagen, 305-500-3668
Lisa_Hagen@Ryder.com
or
Cindy Haas, 305-500-4526
Cindy_Haas@Ryder.com