Ryder's Natural Gas Fleet Surpasses 6 Million Miles
MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYS: R) , a leader in commercial transportation and supply chain management solutions, has achieved a significant milestone with its fleet of 250 natural gas vehicles surpassing six million miles. The fleet consists of 35 liquefied natural gas and 215 compressed natural gas tractors, currently running in 32 customer operations in California, Arizona, and Michigan. Since deploying its natural gas truck program in 2011, the vehicles have replaced approximately 923,000 gallons of diesel fuel with domestically produced natural gas and reduced emissions by more than 2,300 MTCO2e (metric tons of carbon dioxide equivalent emissions).
"Ryder is uniquely positioned to help the alternative fuel vehicle industry reach critical mass," said Greg Swienton, Chairman and CEO of Ryder. "Our commercial rental and leasing model enables businesses to take advantage of these new technologies with less downtime and other risks associated with ownership. We will continue to help businesses jump-start their alternative fuel programs with innovative solutions that drive both environmental and cost-saving benefits."
"We are also leveraging the scale of our natural gas vehicle program to improve our understanding of the technology and to provide input about our experiences to manufacturers and other stakeholders," continued Mr. Swienton. "As a leader in alternative fuel solutions for the commercial transportation industry, we are committed to sharing these insights so the market can continue to make investments that ultimately bring down cost and improve performance of new technologies like natural gas vehicles."
Customers can tap into Ryder's extensive North American infrastructure, along with its trained technicians, and experience to ensure the safe operation, maintenance, and fueling of natural gas vehicles. Ryder's alternative fuels sales team can also help advise businesses determine which vehicle configurations work best for their specific applications.
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 today and then have the option to convert to a natural gas vehicle after one year. Flex-to-Green customers enjoy all the maintenance and service benefits of a standard Ryder Full Service Lease.
Ryder became the first outsourced fleet provider to offer heavy duty natural gas vehicles for the leasing and rental industry through a groundbreaking natural gas vehicle project with the San Bernardino Associated Governments (SANBAG) in Southern California. Ryder's partnership with SANBAG and the Southern California Association of Governments (SCAG) Clean Cities Coalition includes the deployment of 202 heavy duty natural gas-powered vehicles, made available to customers for rent or lease or through Ryder's dedicated logistics services. As part of the project, Ryder is building two natural gas fueling stations and has equipped three maintenance facilities for the indoor servicing of natural gas vehicles in Fontana, Orange, and Rancho Dominguez, Calif. The $38.7 million project is being funded as part of a joint public/private industry partnership between the U.S. Department of Energy, the California Energy Commission, and Ryder.
Ryder's natural gas fleet includes both compressed and liquefied natural gas vehicles that are currently deployed in customer operations in California, Arizona, and Michigan. For additional information about Ryder's natural gas vehicle program, visit www.ryder.com/alternativefuels. To learn how Ryder makes commerce flow more efficiently and sustainably for everyone, download the Company's latest Corporate Sustainability Report at http://www.ryder.com/aboutus_home.shtml.
Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder's stock (NYS: 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, and Newsweek has included Ryder for three years in a row in its ranking of the top 500 green U.S. companies. 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 and has been recognized by the Carbon Disclosure Project (CDP) in the Carbon Disclosure Leadership Index. A member of the American Red Cross Annual Disaster Giving 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, 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.
KEYWORDS: United States North America Florida
The article Ryder's Natural Gas Fleet Surpasses 6 Million Miles originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.