MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE:R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that Ryder, through its Ryder Fuel Services division, has been selected as a preferred fuel services partner for Hydrotex, a manufacturer of high-performance lubricants, fuel improvers, and advanced filtration solutions. Under this arrangement, Ryder will be the preferred provider of comprehensive tank monitoring and management services for Hydrotex’s Precision Fuel Management and Clean Diesel Fuel Management programs within its customer network.
“We’re very excited to become Hydrotex’s preferred provider,” said Peter J. Cochefski, Director of Ryder Fuel Services. “This is a great opportunity to team up with a respected and prominent name in the fuel improvement market. We’re really looking forward to working with them as they provide their customers with a better solution for improving diesel-fuel quality.”
Ryder provides fuel management programs for fuel inventory, compliance, alarm/service, and customized project management solutions, as well as environmental best practices. These programs help Ryder’s customers improve operating efficiencies, reduce costs, and minimize negative environmental impacts. Under this agreement, Ryder will provide Hydrotex a menu of services that include:
- Enhanced filtration system installation services;
- Tank inspection services;
- Tank cleaning services;
- Dosing system installation services; and
- Inventory management system installation services.
The Hydrotex Precision Fuel Management and Clean Diesel Fuel Management programs provide a fuel improvement strategy and tactical processes through a national network of fuel jobbers and direct field representatives.
“This technology-enabled approach to managing the challenges presented by ultra-low-sulfur diesel (ULSD) and various biodiesel blends provides the shortest route to dramatic fuel-quality improvement,” said John Beasley, President and CEO of Hydrotex. “This new partnership with Ryder, a respected fuel-management solutions provider with a nationwide footprint, will help us drive our message that improving the cleanliness level of your diesel fuel, no matter the formulation, is the best way to reduce annual operating costs and improve customer satisfaction.”
For more information about Ryder Fuel Services, visit http://www.ryder.com/solutions/fleet-leasing/fuel-services.
About Ryder
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. Ryder 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. The Company is a proud member of the American Red Cross Disaster Responder Program, supporting 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.
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 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.
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