The new vehicles, which represent multiple classes of tractors, trailers, refrigerated equipment, box trucks and light-duty vans, will expand Ryder's commercial rental fleet to about 30,000 vehicles and replace older models that are being retired, the Miami-based company said in a statement Tuesday.
The new trucks join another 4,900 new vehicles introduced to the fleet in 2010. 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.
'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, Ryder's vice president of rental.
To determine the types of vehicles to order, Ryder examined use and market trends across its customer base. 'Last year we identified increasing demand across all classes of vehicles — light-duty vans and trucks, medium-duty trucks, heavy-duty day cabs and sleeper tractors and dry, refrigerated, and flatbed trailers. This year, we're seeing even more of an uptick in demand,' Cicchini continued.
In the past two years, Ryder has added more refrigerated equipment to help its customers comply with recent U.S. Food and Drug Administration Food Safety Modernization legislation and new emissions standards in certain regions.
All of the model-year-2010 or newer vehicles comply with the latest Environmental Protection Agency 2010 emissions standards, the company said.
Ryder has already started to integrate the new equipment into its fleet and will continue to roll out new vehicles through April. As vehicles are retired from Ryder's rental fleet, they will become part of the company's used vehicle inventory.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now