Wednesday, May 15, 2024 8:00 AM

Ryder CEO takes Main Stage at ACT Expo with Keynote on Economic Impacts of Converting Diesel to Electric Vehicles

Ryder to exhibit during Expo, providing insights on electrifying commercial fleets

Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, returns to the Advanced Clean Transportation (ACT) Expo in Las Vegas on May 20-23 with opportunities to engage the Ryder team and where Chairman and CEO Robert Sanchez will take the main stage to deliver a keynote on “Fleet Electrification in the Real World” on May 22.

Ryder returns to ACT Expo in Las Vegas on May 20-23 with opportunities to engage the Ryder team and where Chairman and CEO Robert Sanchez will take the main stage to deliver a keynote on “Fleet Electrification in the Real World” on May 22. (Graphic: Business Wire)

Ryder returns to ACT Expo in Las Vegas on May 20-23 with opportunities to engage the Ryder team and where Chairman and CEO Robert Sanchez will take the main stage to deliver a keynote on “Fleet Electrification in the Real World” on May 22. (Graphic: Business Wire)

During his keynote address, Sanchez will explore the transport costs and infrastructure challenges associated with converting commercial diesel vehicles to electric vehicles (EVs) in today’s market. This follows a recent analysis published by Ryder, titled “Charged Logistics: The Cost of Electric Vehicle Conversion for U.S. Commercial Fleets,” examining the estimated total cost to transport (TCT) goods by diesel versus electric in the light-, medium-, and heavy-duty commercial vehicle classes and potential broader inflationary impacts.

“At Ryder, we understand complexities of the commercial EV landscape – both the challenges and the opportunities it presents,” says Sanchez. “While we recognize the long-term potential of leveraging zero-emission vehicle technology, our EV TCT analysis quantifies the costs of fleet electrification and highlights other realities for businesses and consumers to consider.”

According to the analysis, light-duty vehicles emerge as the most cost-effective entry point for EV adoption in today’s market, whereas medium- and heavy-duty vehicles could pose a significant increase in the TCT. For a complete copy of the analysis and further insights from Ryder on the road to electrification, download a copy of “Charged Logistics: The Cost of Electric Vehicle Conversion for U.S. Commercial Fleets” via ryder.com/evtct.

Ryder joins other industry leaders during ACT Expo to discuss the trends, infrastructure solutions, and technologies in commercial transportation. This includes a breakout session called “Developing the Alternative Fuels Workforce” on May 20 moderated by Arun Chickmenahalli, director of maintenance at Ryder. Also during ACT Expo, conference attendees are invited to visit Ryder’s interactive exhibit (booth #1944) to engage with Ryder’s team and discover more about RyderElectric+, the company’s turnkey EV solution. Previously unveiled at the 2023 ACT Expo, RyderElectric+ provides electrification advisors, EVs, chargers, telematics, and maintenance all for one price and from one point of contact. The Ryder exhibit will feature presentations and an interactive putt-putt golf challenge designed with elements of the current EV landscape and Ryder’s EV solutions.

Schedule Interviews: For media interested in scheduling onsite interviews with Ryder executives, including Ryder CEO Robert Sanchez, contact Jonathan Mayor at Jonathan_C_Mayor@Ryder.com.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 250,000 commercial vehicles, services fleets at 760 maintenance locations, and operates nearly 300 warehouses encompassing more than 100 million square feet. Ryder is regularly recognized for its industry-leading practices; technology-driven innovations; corporate responsibility; environmental management; safety, health and security programs; military veteran recruitment initiatives; and the hiring of a diverse workforce. 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, including our customers’ operations and demands, our expectations with respect to electric vehicles and the related costs of maintenance, charging infrastructure, labor and insurance, as well as our expectations related to the impacts of converting diesel fleets to electric on supply chains and inflation, 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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Jonathan Mayor, jonathan_c_mayor@ryder.com

Amy Federman, afederman@ryder.com

Source: Ryder System, Inc.

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Ryder returns to ACT Expo in Las Vegas on May 20-23 with opportunities to engage the Ryder team and where Chairman and CEO Robert Sanchez will take the main stage to deliver a keynote on “Fleet Electrification in the Real World” on May 22. (Graphic: Business Wire) 2500 x 1309 jpg 1.45 MB