Ryder System, Inc. is expanding and refreshing its North American rental fleet with 6,700 new trucks, tractors, trailers, and vans to meet accelerating demand as the economy continues to rebound.
The new vehicles will expand Ryder's commercial rental fleet and replace older model vehicles that are being retired.
The 2011 refresh adds to the recent infusion of 4,900 new vehicles introduced in 2010 to accommodate anticipated economic growth. Together, the nearly 12,000 new vehicles raise the percentage of model-year-2010 or newer vehicles in the fleet to more than 40 percent and the total fleet count to nearly 30,000. The recent fleet expansion makes the Ryder rental fleet one of the largest in the industry, Ryder says.
"This investment represents the second phase of a fleet refresh we launched last year in anticipation of increased demand from both rental and lease customers requiring supplemental capacity in a recovering economy," said Mark Cicchini, Vice President of Rental for Ryder. "With this purchase, we can ensure that we continue to respond to our North American customers' diverse requirements with a positive Ryder experience."
Ryder says it can now provide customers with greater availability of all classes, including Ryder's Light Duty MetroVan. The company has also added more refrigerated equipment to help customers comply with recent FDA Food Safety Modernization legislation and more environmentally-friendly emissions standards in certain regions.
Ryder has already begun integrating the new equipment into its fleet and will continue to roll out new vehicles through April of this year. As vehicles are retired from Ryder's rental fleet, they will become part of the Company's used vehicle inventory.
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