NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (Nasdaq: CLNE) announced today that Ryder System Inc., a leader in commercial fleet management, dedicated transportation, and supply chain solutions, has awarded Clean Energy a four-year fueling contract for a fleet of liquified natural gas (LNG) heavy-duty trucks that move goods for Toyota Motor Manufacturing, Kentucky, Inc., Toyota’s largest manufacturing facility in North America located in Georgetown, Kentucky. Clean Energy will open a station in Georgetown to fuel the trucks that are expected to consume approximately 380,000 gasoline gallon equivalents (GGEs) each year.
Ryder has made sustainability a priority and has been a leader in expanding its offering of advanced vehicle technologies. Toyota has also rapidly expanded into alternative fuels and has encouraged its third-party carriers to move its goods in a more sustainable way. LNG produces less emissions than diesel.
“At Ryder, we have the opportunity and ability to continually reduce the environmental impacts of our operations and those of the customers we serve,” said Chris Nordh Sr. Director – Advanced Vehicle Technologies & Energy Products at Ryder. “LNG as a transportation fuel helps us reduce our vehicle emissions, and we’re happy to partner with Clean Energy to continue our dedication to sustainability solutions.”
“We are seeing a trend in shippers selecting carriers that demonstrate a commitment to the environment,” said Chad Lindholm, Vice President at Clean Energy. “Natural gas is a perfect fit for carriers because not only is it cleaner, it’s abundant, is available today, performs every bit as well as diesel, and makes sense economically.”
Clean Energy Fuels Corp. is the leading provider of natural gas fuel for transportation in North America. We build and operate CNG and LNG vehicle fueling stations; manufacture CNG and LNG equipment and technologies; and deliver more CNG and LNG vehicle fuel than any other company in the U.S. Clean Energy is also the country’s largest supplier of RNG and believes its Redeem™ RNG fuel is the cleanest transportation fuel commercially available, reducing greenhouse gas emissions by up to 70%. For more information, visit www.CleanEnergyFuels.com.
Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400® index. The Company has been named among FORTUNE’s World’s Most Admired Companies, and has been recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, and world-class safety and security programs. Inbound Logistics magazine has included Ryder in its “Green Partners” listing for nine years in a row. Ryder was also recognized by the U.S. Environmental Protection Agency (EPA) with a 2014 SmartWay Affiliate Challenge award and SmartWay Excellence Awards in 2014 and 2013. Ryder is a charter member of the NGV Fleet Forum and a member of the Department of Energy’s National Clean Fleets partnership. Ryder is also a recipient of the 2011 NGV Achievement Award. A member of the American Red Cross Disaster Responder Program, Ryder is proud to support national and local disaster preparedness and response efforts. For more information, visit www.ryder.com, and follow us on our Online Newsroom and social media pages: Facebook, LinkedIn, Twitter, Instagram, and YouTube.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about amounts of natural gas fuel expected to be consumed and the benefits of natural gas relative to diesel. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents the Company files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
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