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Ryder Offers Beverage Industry Fleets Long-Term Lease

[ November 10, 2015   //   ]

Ryder System, Inc. has announced that it will provide beverage fleets with a Long-Term Full Service Lease (Long-Term FSL) of up to 10 years — a solution that addresses an identified industry need. This is an increase from Ryder’s standard FSL term of 5 to 7 years.
According to a 2013 survey conducted by Beverage World, beverage fleets run fewer miles than the industry average, with 75% of route delivery fleets running less than 40,000 miles a year. Beverage companies have a longer fleet lifecycle as a result, with 49% of beverage vehicles being 5 to 9 years old and 47% being 10 or more years old. These statistics support the need for greater flexibility among beverage industry fleets.
A Ryder Long-Term FSL enables beverage companies to free up time, resources, and capital in order to focus on their core business. In addition to being cost effective, the offering helps customers to minimize fleet downtime and maintain a consistent level of fleet maintenance and repair with access to Ryder’s maintenance programs for the life of the lease. With a Long-Term FSL, Ryder acquires vehicles according to the customer’s specifications, provides financing, maintenance, and fleet support services, and then manages vehicle disposal to protect customers from residual risk.
“We introduced the Long-Term FSL in response to feedback provided by members of Ryder’s Food & Beverage Customer Advisory Board,” said Dennis Cooke, President of Global Fleet Management Solutions. “The Board, which brings together an exclusive group of thought leaders from a cross-section of the sector, provides us with invaluable feedback. Their thoughts and contributions enable us to address the future needs of the food and beverage industry and to make continuous improvements for fleets in an industry that we have been serving for nearly 80 years.”

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