39 New Compressed Natural Gas Vehicles are First of their Kind
Available for Lease or Rent
MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE:R), a leader in commercial transportation and
supply chain management solutions, announced today that it has begun to
take delivery of 39 light and medium duty compressed natural gas (CNG)
vehicles, the first of their kind in North America available for lease
or rent. The vehicles include 20 Greenkraft cab-over vehicles with
6.0-liter GM natural gas engines and 19 Navistar® International®
TranStar® trucks with Cummins Westport ISL G engines.
Light Duty Natural Gas Vehicle (Photo: Business Wire)
"We are very pleased to work with Ryder to develop these CNG-powered
truck chassis," said Kevin Keene, Sales Director for Navistar. "By
offering CNG-powered trucks in a medium duty configuration, Ryder is
demonstrating its dedication to making natural gas commercial vehicles
available for this important market segment."
The CNG trucks range in gross vehicle weight from 16,000 to 33,000
pounds and are available for lease or rent from Ryder in California. The
new light and medium duty natural gas vehicles are ideal for metro/city
delivery applications. Unlike heavy duty natural gas vehicles, which
require fueling stations designed to accommodate large commercial
tractor-trailers, these lighter vehicles are able to access much of the
existing retail CNG fueling infrastructure, which will increase their
usability to a broader range of commercial fleet customers in
California. These initial 39 vehicles will be maintained at Ryder's
natural gas compliant California maintenance facilities in Orange,
Fontana, Rancho Dominguez and West Sacramento, but these vehicle
configurations are now available as part of Ryder's growing portfolio of
offerings in all markets where Ryder services natural gas vehicles.
"This latest offering reinforces Ryder's leadership in commercial
natural gas vehicle solutions and demonstrates our ongoing commitment to
find innovative ways to meet our customers' transportation needs," said
Robert Sanchez, Chairman and Chief Executive Officer for Ryder. "Ryder's
natural gas vehicle program in California is also a model of
public/private collaboration that is helping to develop a long-term and
sustainable growth trajectory for cleaner, cheaper, and cost-effective
natural gas."
Funding for the incremental cost of the vehicles was provided by the
California Energy Commission and the Mobile Source Air Pollution
Reduction Review Committee (MSRC). These grants enable Ryder to make the
cost of renting or leasing CNG vehicles more comparable to traditional
diesel trucks.
The 39 new light and medium duty vehicles represent an expansion of
Ryder's 300 plus heavy duty natural gas vehicle fleet. 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 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 has built
two natural gas refueling stations and has equipped three maintenance
facilities for the indoor servicing of natural gas vehicles in the
California communities of Fontana, Orange, and Rancho Dominguez. The
$38.7 million project has been 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,
Michigan and Louisiana. To learn more about Ryder's commitment to
alternative fuels visit www.ryder.com/alternativefuels.
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 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
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About Navistar®
Navistar International Corporation (NYSE: NAV) is a holding company
whose subsidiaries and affiliates produce International® brand
commercial and military trucks, MaxxForce® brand diesel engines, and IC
Bus™ brand school and commercial buses. The company also provides truck
and diesel engine service parts. Another affiliate offers financing
services. Additional information is available at www.Navistar.com.
About Greenkraft
Greenkraft — located in Santa Ana, California — is a manufacturer and
distributor of alternative fuel commercial vehicle products. Greenkraft
was created to introduce clean, green, and efficient vehicle products
that bring a price advantage along with superior American performance
and safety qualities. Greenkraft has become an industry leader in the
products it offers as it is a company dedicated to providing innovative
alternative fuel trucks, alternative fuel systems, and alternative fuel
engines for businesses in the US. For more information please visit www.greenkraftinc.com.
About MSRC
The Mobile Source Air Pollution Reduction Review Committee (MSRC) was
formed in 1990 when Assembly Bill AB 2766 was signed into law
authorizing a $4 motor vehicle registration fee. Thirty percent of the
$4 fee or approximately $12 million annually is used for programs
administered by the MSRC. All of the programs eligible for funding must
reduce air pollution from mobile sources. Membership of the MSRC is made
up of representatives from the transportation agencies of Riverside, Los
Angeles, San Bernardino and Orange County, as well as the Southern
California Association of Governments, Southern California Rideshare,
California Air Resources Board and the South Coast Air Quality
Management District.
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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130620005191/en/
Ryder System, Inc.
Cindy Haas, 305-500-4526
Cindy_Haas@Ryder.com
or
Jonathan
Mayor, 305-500-3161
JocMayor@Ryder.com
Source: Ryder System, Inc.
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