MIAMI, March 7 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in transportation and supply chain management solutions, today
announced it has acquired 4 G's Truck Renting Co., a privately owned local
truck leasing and rental company located in Brooklyn, N.Y.
In the transaction, Ryder acquired 4 G's fleet of approximately 400
vehicles and 100 customers. Ryder will service the acquired customers from
its existing branches in the Greater New York area, including its Long Island
City (Queens) facility, thus leveraging its existing infrastructure.
"4 G's has been a well-managed company with a strong reputation in the New
York City market," said Marc Thibeau, Vice President of Operations for Ryder's
Northeast Region. "We are pleased to be able to add new customers to our
existing locations, as well as provide them with the additional services and
solutions for which Ryder is recognized in the industry."
"Ryder has been a reputable market leader for over 70 years supporting
more than 15,000 customers globally," said Louis Silverman, owner of 4 G's.
"Ryder will be able to provide 4 G's customers with new resources and
increased product offerings including insurance, which will help customers
grow in the competitive marketplace."
About Ryder
Ryder is a Fortune 500 company providing leading-edge transportation,
logistics and supply chain management solutions worldwide. Ryder's stock
(NYSE: R) is a component of the Dow Jones Transportation Average and the
Standard & Poor's 500 Index. For more information about Ryder System, Inc.,
visit http://www.ryder.com .
Note Regarding Forward-Looking Statements: Certain statements and
information included in this presentation are "forward-looking statements"
under the Federal Private Securities Litigation Reform Act of 1995.
Accordingly, these forward-looking statements should be evaluated with
consideration given to the many risks and uncertainties inherent in our
business that could cause actual results and events to differ materially from
those in the forward-looking statements. Important factors that could cause
such differences include, among others, our ability to obtain adequate profit
margins for our services, our inability to maintain current pricing levels due
to customer acceptance or competition, customer retention levels, the
possibility that changes in customers' business environments will limit their
ability to commit to long-term vehicle leases, changes in market conditions
affecting the commercial rental market or the sale of used vehicles, higher
borrowing costs and possible decreases in available funding sources caused by
adverse changes in debt ratings, changes in accounting assumptions, adequacy
of accounting accruals, changes in general economic conditions, availability
of heavy- and medium-duty vehicles, increases in fuel prices, availability of
qualified drivers, the Company's ability to create operating synergies in
connection with its acquisitions of Ruan and General, and changes in
government regulations, including regulations regarding vehicle emissions,
drivers' hours of service and security regulations issued by the Department of
Homeland Security. The risks included here are not exhaustive. New risks
emerge from time to time and it is not possible for management to predict all
such risk factors or to assess the impact of such risks on the Company's
business. Accordingly, the Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
SOURCE Ryder System, Inc.
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Related links:
http://www.ryder.com
CONTACT:
David Bruce, +1-305-500-4999, or
David_Bruce@Ryder.com; or Lisa Brumfield, +1-305-500-3668, or
Lisa_Brumfield@Ryder.com, both of Ryder
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