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Ryder Systems's Natural Gas Solution

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Oct 25, 2013 (Menafn - M2 EQUITYBITES via COMTEX) --Ryder System Inc R, a commercial transportation and supply chain management solutions company, disclosed on Thursday that Saddle Creek Logistics Services (Saddle Creek) signed an agreement with the company for a natural gas vehicle solution, in two markets.

 

 

Under the agreement, Saddle Creek will lease 31 heavy duty compressed natural gas (CNG) vehicles from Ryder and thirty vehicles will run in the Dallas/Fort Worth, Texas region and be maintained by Ryder at its Fort Worth service facility, while one vehicle will operate in Saddle Creek's Shreveport, Louisiana delivery fleet and be maintained at Ryder's existing natural gas vehicle maintenance facility in that city.

Saddle Creek is a family-owned, third party logistics provider with comprehensive integrated logistics services.

The natural gas vehicles are available via Ryder's participation in the Texas Natural Gas Vehicle Grant Program (TNGVGP) that is funded by the Texas Emissions Reduction Plan (TERP) initiatives and administered by the Texas Commission on Environmental Quality (TCEQ), the company mentioned.

Ryder in its full service lease acquires vehicles as per a customer's specifications and provides financing, maintenance and fleet support services, thereafter managing vehicle disposal to protect the customer from residual risk. It further offers a "Flex-to-Green" lease that has the same features and benefits of a full service lease, but with the added option to replace diesel powered vehicles with natural gas vehicles after one year.

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