ryder system inc (R) Key Developments
Ryder System, Inc. Signs a Ryder Full Service Lease Agreement for 142 Vehicles with Slay Transportation Company
Dec 2 14
Ryder System, Inc. signed a Ryder Full Service Lease agreement for 142 vehicles. Slay has been a Ryder lease and maintenance customer since 2012. This agreement represents a significant expansion of Slay's relationship with Ryder. Through a Full Service Lease, Ryder acquires vehicles according to the customer's specifications and provides financing, maintenance, and fleet support services. It also manages vehicle disposal to protect customers from residual risk.
Ryder System, Inc. Alliance with Mansfield Clean Energy Partners to Provide Natural Gas Vehicle Solutions to Bulk Fuel Haulers
Nov 12 14
Ryder System, Inc. announced that it has signed a strategic alliance agreement with Mansfield Clean Energy Partners. With the alliance, Ryder and Mansfield will partner to offer a compressed natural gas (CNG) vehicle and fuel solution to bulk fuel haulers. The solution includes truck leasing and maintenance services for natural gas vehicles from Ryder, and CNG fueling from Mansfield. The companies have worked collaboratively with tractor and engine manufacturers to develop an optimized CNG vehicle design specifically for bulk fuel hauling applications.
Northeast Foods, Inc. Signs Full-Service Lease Agreement with Ryder System, Inc. for 25 CNG Tractors
Nov 10 14
Northeast Foods Inc. has signed a full-service lease agreement with Ryder System Inc. for 25 compressed natural gas, or CNG, tractors. Northeast Foods will use the trucks to support its distribution and delivery operations that exclusively service McDonald's Corporation. This will be Ryder's first natural gas lease customer in Maryland. Ryder will provide maintenance for the 25 CNG vehicles from Northeast Foods will begin to take delivery of the NGVs in 2015 and expects to have all 25 CNG vehicles fully operational by midyear. Northeast Foods will begin to take delivery of the NGVs in 2015 and expects to have all 25 CNG vehicles fully operational by midyear.
Ryder Leases 25 Compressed Natural Gas Tractors to Baltimore-Based Food Distributor
Nov 4 14
Ryder System Inc. announced that Northeast Foods signed a full-service lease agreement for 25 compressed natural gas tractors. Northeast Foods will use the trucks to support its distribution and delivery operations that exclusively service McDonald's Corp. Ryder will provide maintenance for the 25 compressed natural gas vehicles from its Baltimore service facility.
Newgistics Renews Ryder Dedicated Contract
Oct 28 14
Ryder System, Inc. announced that Newgistics is renewing and expanding its Ryder Dedicated contract. As part of the renewal, Ryder will add eight new transportation lanes in support of Newgistics' growing business that will cover new geographies throughout the country, including a new Southeast lane from Atlanta to Orlando. As Newgistics' supply chain partner, Ryder offers time-sensitive transportation service throughout their network and will continue to provide the business with vehicles, maintenance, drivers, and additional value-added services. Ryder has provided its dedicated service to Newgistics since 2011, primarily providing parcel delivery and returns management support. The e-commerce solutions provider made the decision to transition from a common carrier environment to Ryder Dedicated as a result of continuous growth. With Ryder Dedicated, Newgistics' fleet can adapt to changing demand, staffing, and service needs by utilizing highly-skilled, safe drivers who are managed by Ryder. In addition, Ryder expertly maintains its fleet through a network of more than 5,000 Ryder technicians.