- Comprehensive Coverage up to 12 Months or 100,000 Miles -
MIAMI, Aug 15, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- 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.
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 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.
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