- Ryder Expands its Leadership Position in Advanced Vehicle Technology by Supporting the Unique Needs of Workhorse’s Range-Extended Electric Vehicles -
Ryder System, Inc. (NYSE:R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, announced today that the Company will be the
strategic service partner for Workhorse
Group Inc. (NASDAQ:WKHS), an Ohio-based battery-electric truck and
drone manufacturer. Ryder will be the exclusive maintenance provider for
Workhorse’s entire light- and medium-duty range-extended electric
vehicle fleet in North America and will provide a combination of
warranty and maintenance services as part of Ryder’s SelectCare
fleet maintenance portfolio. Ryder will also serve as the primary
distributor in North America for Workhorse’s E-100® and E-GEN®
range-extended medium-duty vehicles, as well as the W-15 electric pickup
truck being unveiled later today during the Advanced Clean
Transportation (ACT) Expo.
Tweet This: @RyderSystemInc
to be strategic service partner for @Workhorse_Group
electric vehicles, unlocking the full potential of their innovative
range-extended fleet.
Through its partnership with Workhorse, Ryder expands its leadership in
advanced vehicle technology, strengthening the Company’s ability to
provide customers with the most flexibility, choice, and control in
fleet management, as well as innovative solutions to help them reach
their sustainability goals. The new partnership will provide Workhorse
with access to a superior level of maintenance solutions at hundreds of
Ryder service locations throughout North America. Through Ryder
SelectCare maintenance, Workhorse will be able to maximize uptime, lower
costs, and keep their customers’ businesses moving. Through this
strategic partnership, Ryder and Workhorse will work together in
promoting energy efficiency and innovation in the industry.
“Ryder is pleased to partner with Workhorse,” said Dennis Cooke,
President, Global Fleet Management Solutions for Ryder. “We commend them
for their leadership and decision to partner exclusively with Ryder for
their range-extended electric commercial vehicle maintenance needs. This
relationship will help make electric commercial vehicles more affordable
and reliable, so more businesses can take advantage of their
environmental and efficiency benefits.”
Workhorse, an American technology company focused on providing
sustainable and cost-effective solutions to the commercial
transportation industry, manufactures and sells the E-100
battery-electric and E-GEN range-extended electric vehicles. The
Workhorse E-100 and E-GEN medium-duty vehicles are currently available
to customers in North America and the W-15 electric pickup truck is
expected to be in production in late 2018. The company also manufactures
fully integrated truck-launched, FAA-compliant unmanned aerial systems
(UAS) delivery drones.
“With Ryder, we can bring our leading-edge range-extended electric
vehicle technology to a larger base of businesses that are looking to
improve efficiencies, save on fueling costs, and get better performance
from their fleets,” said Stephen Burns, Workhorse founder and CEO.
“Ryder is the global leader in commercial fleet management, yet they’re
incredibly agile and forward thinking, especially in their approach to
transportation innovations and advanced vehicle technologies. We are
proud to rely on Ryder to meet the unique service requirements of our
electric vehicle fleet, including our newest W-15 model, the first
plug-in, battery-electric range-extended pickup truck built from the
ground up by a U.S. original equipment manufacturer.”
About Ryder
Ryder is a FORTUNE 500® commercial fleet management,
dedicated transportation, and supply chain solutions company. The
Company offers nationwide access to state-of-the-art service facilities,
5,900 certified technicians, and a dedication to superior repair
quality, safety, speed, and full visibility. Ryder offers a wide range
of maintenance products for all vehicle types, delivering flexibility
around the level of maintenance that companies require in order to keep
their fleet running properly throughout its life span.
In 2016, Ryder further expanded its advanced vehicle technology
portfolio and continued its leadership in the market with the
announcement that the Company would be the sole maintenance and
distribution partner in North America for the hydrogen fuel cell Nikola
One semi-truck. Nikola’s hydrogen fuel cell semi-truck is expected to
have a range of 800-1,200 miles and achieve approximately 15-20 mpg with
zero emissions. This partnership with Nikola aligns with Ryder’s
strategic priorities to provide customers with the most flexibility,
choice, and control in fleet management. Ryder’s market leadership in
operating advanced vehicle technologies in commercial truck applications
also includes the Company’s natural gas vehicle (NGV) and maintenance
solutions offering. Ryder currently has more than 100 million miles of
NGV operations, 22 NGV maintenance facilities, and more than 6,200 NGV
trained maintenance and support personnel across the Company’s North
American service network.
Ryder is continually monitoring emerging fleet technologies and works
closely with the technology providers and equipment manufacturers
building innovative features to provide feedback around functionality,
usability, and adaptability. The Company offers state-of-the-art service
facilities, 5,900 certified technicians, and a dedication to superior
repair quality, safety, speed, and full visibility.
Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation
Average and the Standard & Poor’s 500 Index. The Company has been named
among FORTUNE’s World’s Most Admired Companies, and has been recognized
for its industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. Inbound Logistics magazine has
included Ryder in its “Green Partners” listing for eight years in a row.
Ryder was also recognized by the U.S. Environmental Protection Agency
(EPA) with a 2014 SmartWay Affiliate Challenge award and SmartWay
Excellence Awards in 2014 and 2013. 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 our Online
Newsroom and social media pages: Facebook,
LinkedIn,
Twitter,
Instagram,
and YouTube.
About Workhorse Group Inc.
Workhorse is a technology company focused on providing sustainable and
cost-effective solutions to the commercial transportation sector. As an
American original equipment manufacturer, we design and build
high-performance battery-electric vehicles including trucks and
aircraft. We also develop cloud-based, real-time telematics performance
monitoring systems that are fully integrated with our vehicles and
enable fleet operators to optimize energy and route efficiency. All
Workhorse vehicles are designed to make the movement of people and goods
more efficient and less harmful to the environment.
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.
Ryder
Jonathan Mayor, 305-500-3161
Jonathan_C_Mayor@ryder.com
or
David Bruce, 305-500-4999
David_Bruce@ryder.com
or
Workhorse
Margeaux Appel, 703-722-8930
appel@pinkstongroup.com