Ryder signs two strategic agreements and expands its NGV leasing operations

“Saddle Creek’s environmentally friendly CNG program has enabled us to be extremely successful in supporting our customers’ sustainability efforts. We are excited to expand our CNG capabilities to the Dallas/Ft. Worth market with the help of leased tractors and maintenance from Ryder,” said Saddle Creek President, Mike DelBovo. These NGVs, which will be delivered during the first quarter of 2014, are being made available through Ryder’s participation in the Texas Natural Gas Vehicle Grant Program (TNGVGP). Saddle Creek already has more than 100 CNG tractors in its fleet of 430 vehicles.

On the other hand, Ryder has signed a Full Service Lease agreement with Blu. for 30 LNG tractors in Salt Lake City and 25 LNG tractors in Atlanta, Ryder’s first NGV projects in Utah and Georgia. Blu. began to take delivery of vehicles in September for its Salt Lake City fleet and will take delivery of vehicles for its Atlanta fleet in January. The NGVs will be available to companies that are interested in testing the LNG trucks in their fleets for a first-hand opportunity to measure the results and savings that come from adopting a lower-cost fuel.

Ryder is making investments to upgrade its existing maintenance facilities, one in Salt Lake City and one at its Fulton Industrial Center location outside of Atlanta, to meet the unique specifications required to service natural gas vehicles. Ryder and Blu. have also entered into an agreement to jointly provide LNG fueling infrastructure at key Ryder facilities. The Fulton Industrial Center location will be the first of these co-located stations.

Source: Ryder