- Comprehensive Coverage up to 12 Months or 100,000 Miles -
MIAMI, Aug. 15 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R),
a global leader in transportation and supply chain management solutions,
today announced it has introduced the "Road Ready(TM) PLUS" extended
warranty plan to complement the reliability of its Road Ready(TM) pre-owned
vehicles.
"First-time truck buyers and professional fleet operators recognize
that Ryder's Road Ready(TM) vehicles are a cost-effective way to manage a
small business or supplement a larger fleet," said Tom Havens, Vice
President of Vehicle Sales for Ryder. "As an extension of our commitment to
providing customers with quality, dependable vehicles, we now offer Road
Ready(TM) PLUS to give the customer peace-of-mind with an extended power
train warranty."
Ryder's innovative extended warranty program, Road Ready(TM) PLUS,
provides immediate, comprehensive power train coverage up to 12 months or
100,000 miles for pre-owned Ryder Road Ready(TM) vehicles under the terms
specified in the coverage. Compared to other major suppliers, this is one
of the most complete warranty plans currently available, covering all
manufacturers as well as the injectors, air compressors, turbochargers,
transmission and rear axle(s), among other items detailed in warranty. The
plan includes instant payment of claims and access to more than 2,000
repair facilities. Customers can choose from a variety of warranty packages
for heavy-, medium- and light-duty vehicles.
Ryder's Road Ready(TM) used vehicles are single-owner trucks equipped
with quality components and part configurations that have been road-tested
and performance-monitored within Ryder's fleet of more than 162,000
vehicles. The Road Ready(TM) designation means that the vehicle being
purchased includes complete maintenance records and meets or exceeds a list
of 59 quality standards. In the United States, Road Ready(TM) vehicle
purchases include an extendable, 10,000 mile/30-day, power train warranty
that is serviced through a nationwide network of more than 2,000 approved
repair facilities. Road Ready(TM) PLUS will supplement the existing
warranty. Road Ready(TM) vehicles are available at 50 Ryder retail
locations across the U.S.
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 press release 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, unexpected volume declines, loss of key customers in the
Supply Chain Solutions (SCS) business segment, our failure to successfully
implement new sales growth initiatives in our FMS business segment,
unexpected reserves or write-offs due to the deterioration of the credit
worthiness or bankruptcy of certain customers in our SCS business segment,
changes in financial, tax or regulatory requirements or changes in
customers' business environments that 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, the effect of severe
weather events, labor strikes or work stoppages affecting our or our
customers' business operations, adequacy of accounting estimates and
accruals particularly with respect to pension, taxes and revenue, changes
in general economic conditions, sudden changes in fuel prices, availability
of qualified drivers, our ability to manage our cost structure, changes in
government regulations including regulations regarding vehicle emissions
and the risks described in our filings with the Securities and Exchange
Commission. 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 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.
SOURCE Ryder System, Inc.
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Related links:
http://www.ryder.com
CONTACT:
Edward Rifenburg, +1-305-500-4161, or
Edward_Rifenburg@Ryder.com, or Lisa Brumfield, +1-305-500-3668,
or Lisa_Brumfield@Ryder.com, both of Ryder System
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