MIAMI, FL-August 6, 2012-Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, today announced that it has been selected by Freight Exchange of North America (F/X), a premier full truckload carrier, to provide on-site maintenance and trailer leasing. The Ryder On-Site Fleet Maintenance solution brings Ryder’s state-of-the-art maintenance technology and expertise right to a customer’s location. Ryder On-Site gives customers all of the advantages of Ryder’s professionally managed vehicle maintenance with the ease, convenience and reliability of on-site service. As part of the On-Site solution, F/X has agreed to lease 310 new trailers from Ryder.
The On-Site maintenance facility, staffed with professional technicians trained and managed by Ryder, is located at F/X’s El Paso, Texas freight terminal. It is equipped with the latest diagnostic technology and computerized maintenance scheduling and recordkeeping systems. The two-bay, open air facility will provide maintenance services for approximately 550 trailers, including the 310 newly leased trailers from Ryder. With a maintenance facility and staff on-site, Ryder is able to help F/X improve fleet performance and uptime, increase reliability and efficiency, and ensure safety and environmental compliance.
“Providing superior trucking service is F/X’s core competency, not maintenance,” said Todd Bennett, President at F/X. “Our customers rely on us to be responsive and flexible to their needs, and to deliver their products reliably – every load, every time. With Ryder’s leading maintenance expertise supporting our fleet, we can confidently deliver on our promises to customers and maintain our reputation for reliability and service.”
The 310 new trailers, leased from Ryder, will be used to support F/X’s delivery operations across the U.S.
“We were looking to upgrade our fleet of trailers to support growth in our business,” continued Bennett. “Ryder had the best package – from pricing, to availability and maintenance. With a full service lease solution and now maintenance on-site, we can better manage costs, reduce risk, and focus our energy and resources on taking care of our customers.”
Ryder On-Site is ideal for companies of all sizes and industries that need to maintain their fleets in the best possible condition, and need quick turnaround whenever service is required. Ryder currently operates more than 225 On-Site Fleet Maintenance facilities in the United States, Puerto Rico and Canada, as part of our total service network of 800 facilities.
“F/X operates in a demanding industry and understands that having effective maintenance and a reliable fleet is critical to staying competitive,” said Dennis Cooke, President, Global Fleet Management Solutions for Ryder. “We appreciate that they trust us with managing this very important part of their business so they can focus on what matters to them most – servicing their customers.”
About Freight Exchange of North America
Freight Exchange of North America (F/X) is a full truckload carrier serving all 48 states. F/X delivers full truck load services via its terminals in Southern California, El Paso, Dallas and Chicago as well as supporting NAFTA trade in Mexico and Canada. F/X has been recognized by countless shippers as one of the premier full truckload carriers in North America, driven by our flexibility, responsiveness to customer needs, and our focus on safety. F/X is a subsidiary of Chicago-based Transportation Solutions Enterprises LLC. www.fxfreight.com
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 recognized Ryder as a top third party logistics provider and green supply chain partner. Ryder has also been ranked two years in a row as one of the top 250 U.S. companies in the Newsweek
Green Rankings. In addition, Security Magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com and follow us on Facebook, YouTube, and Twitter.
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
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