Ryder CEO takes Main Stage at ACT Expo with Keynote on Economic Impacts of Converting Diesel to Electric Vehicles
15 Maio 2024 - 9:00AM
Business Wire
Ryder to exhibit during Expo, providing
insights on electrifying commercial fleets
Ryder System, Inc. (NYSE: R), a leader in supply chain,
dedicated transportation, and fleet management solutions, returns
to the Advanced Clean Transportation (ACT) Expo in Las Vegas on May
20-23 with opportunities to engage the Ryder team and where
Chairman and CEO Robert Sanchez will take the main stage to deliver
a keynote on “Fleet Electrification in the Real World” on May
22.
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the full release here:
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Ryder returns to ACT Expo in Las Vegas on
May 20-23 with opportunities to engage the Ryder team and where
Chairman and CEO Robert Sanchez will take the main stage to deliver
a keynote on “Fleet Electrification in the Real World” on May 22.
(Graphic: Business Wire)
During his keynote address, Sanchez will explore the transport
costs and infrastructure challenges associated with converting
commercial diesel vehicles to electric vehicles (EVs) in today’s
market. This follows a recent analysis published by Ryder, titled
“Charged Logistics: The Cost of Electric Vehicle Conversion for
U.S. Commercial Fleets,” examining the estimated total cost to
transport (TCT) goods by diesel versus electric in the light-,
medium-, and heavy-duty commercial vehicle classes and potential
broader inflationary impacts.
“At Ryder, we understand complexities of the commercial EV
landscape – both the challenges and the opportunities it presents,”
says Sanchez. “While we recognize the long-term potential of
leveraging zero-emission vehicle technology, our EV TCT analysis
quantifies the costs of fleet electrification and highlights other
realities for businesses and consumers to consider.”
According to the analysis, light-duty vehicles emerge as the
most cost-effective entry point for EV adoption in today’s market,
whereas medium- and heavy-duty vehicles could pose a significant
increase in the TCT. For a complete copy of the analysis and
further insights from Ryder on the road to electrification,
download a copy of “Charged Logistics: The Cost of Electric Vehicle
Conversion for U.S. Commercial Fleets” via ryder.com/evtct.
Ryder joins other industry leaders during ACT Expo to discuss
the trends, infrastructure solutions, and technologies in
commercial transportation. This includes a breakout session called
“Developing the Alternative Fuels Workforce” on May 20 moderated by
Arun Chickmenahalli, director of maintenance at Ryder. Also during
ACT Expo, conference attendees are invited to visit Ryder’s
interactive exhibit (booth #1944) to engage with Ryder’s team and
discover more about RyderElectric+, the company’s turnkey EV
solution. Previously unveiled at the 2023 ACT Expo, RyderElectric+
provides electrification advisors, EVs, chargers, telematics, and
maintenance all for one price and from one point of contact. The
Ryder exhibit will feature presentations and an interactive
putt-putt golf challenge designed with elements of the current EV
landscape and Ryder’s EV solutions.
Schedule Interviews: For media interested in scheduling
onsite interviews with Ryder executives, including Ryder CEO Robert
Sanchez, contact Jonathan Mayor at Jonathan_C_Mayor@Ryder.com.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door
logistics and transportation company. It provides supply chain,
dedicated transportation, and fleet management solutions, including
warehousing and distribution, contract manufacturing and packaging,
e-commerce fulfillment, last-mile delivery, managed transportation,
professional drivers, freight brokerage, nearshoring solutions,
full-service leasing, maintenance, commercial truck rental, and
used vehicle sales to some of the world’s most-recognized brands.
Ryder provides services throughout the United States, Mexico, and
Canada. In addition, Ryder manages nearly 250,000 commercial
vehicles, services fleets at 760 maintenance locations, and
operates nearly 300 warehouses encompassing more than 100 million
square feet. Ryder is regularly recognized for its industry-leading
practices; technology-driven innovations; corporate responsibility;
environmental management; safety, health and security programs;
military veteran recruitment initiatives; and the hiring of a
diverse workforce. www.ryder.com
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,
including our customers’ operations and demands, our expectations
with respect to electric vehicles and the related costs of
maintenance, charging infrastructure, labor and insurance, as well
as our expectations related to the impacts of converting diesel
fleets to electric on supply chains and inflation, 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 statements, whether as a result of new
information, future events, or otherwise.
ryder-fms
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version on businesswire.com: https://www.businesswire.com/news/home/20240514265450/en/
Jonathan Mayor, jonathan_c_mayor@ryder.com Amy Federman,
afederman@ryder.com
Ryder System (NYSE:R)
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