Ryder Paves the Way for Adoption of Commercial Electric Vehicles with the Largest Electric Truck Order & Service Footprint in...
November 20 2018 - 6:55AM
Business Wire
Ryder’s Order for 1,000 Chanje Commercial
Electric Vehicles, to be Deployed by FedEx, Enables Broader
Adoption of EVs in the U.S. Market
Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated transportation, and supply chain solutions,
announces today the largest commercial electric vehicle (EV)
purchase in the United States, which enables broader adoption of
commercial EV technology on a large scale.
Together with an order of 1,000 medium-duty electric panel vans
by Chanje Energy Inc., Ryder and FedEx Corp. have now executed a
truck leasing and preventive maintenance agreement primarily for
Ryder’s ChoiceLease fleet. The purpose-built electric vehicles will
be operated by FedEx Express for commercial and residential pick-up
and delivery services in the U.S. The fleet is expected to be
deployed throughout California over the next two years.
“With our focus on innovation and technology, combined with our
entry into the EV market more than a year ago, we’ve made it easy
for customers such as FedEx to adopt sustainable, advanced vehicle
technologies,” says Dennis Cooke, President - Global Fleet
Management Solutions for Ryder. “We continue to see broadening
interest in EVs from businesses of various sizes and industries
looking to outsource – especially in the final mile delivery space
where a smaller, more environmentally-friendly vehicle is
required.”
FedEx will have access to Ryder’s network of 800 facilities
across North America to support its Chanje electric vehicle fleet,
which will help maximize uptime, lower costs, and keep the FedEx
fleet moving. Ryder is the exclusive sales channel, service, and
warranty partner for Chanje and its medium-duty EVs, also providing
truck leasing and preventive maintenance solutions to
customers.
The Chanje all-electric large delivery style van is equipped to
haul up to 6,000 pounds and up to 675 cubic feet of cargo, all with
zero vehicle exhaust emissions and up to 150-mile range on a single
charge. The Chanje EVs are configured to match the current
shelving, specifications, and workflow that FedEx Express delivery
drivers use today, without the emissions, noise, or maintenance
associated with gas or diesel vehicles.
“Ryder is intently focused on emerging fleet technologies and
works closely with new equipment manufacturers and technology
providers,” says Chris Nordh, Ryder Senior Director of Advanced
Vehicle Technology. “These actions enable the new equipment
manufacturers and technology providers to springboard into the
North American market and with Ryder there to ensure safe, high
quality, and cost effective service, maintenance, and warranty for
advanced vehicle technology solutions.”
To learn more about Ryder’s Advanced Vehicle Technology
solutions, visit
https://ryder.com/solutions/fleet-leasing/advanced-vehicle-technology.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and
the S&P MidCap 400® index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. Inbound Logistics
magazine has included Ryder in its “Green Partners” listing for 10
years in a row. Ryder was also recognized by the U.S. Environmental
Protection Agency (EPA) with a 2014 SmartWay Affiliate Challenge
award and SmartWay Excellence Awards in 2017, 2014, and 2013. 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. A member of the
American Red Cross Disaster Responder 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 our Online Newsroom and social media pages: Facebook, LinkedIn,
Twitter, and YouTube.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181120005161/en/
Jonathan Mayor(305) 500-3161Jonathan_C_Mayor@ryder.com
Amy Federman(305) 500-4989Afederman@ryder.com
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