Canadian Shipper


Ryder to offer long-term lease for beverage industry fleets

MIAMI, Fla.–Ryder System, Inc. will provide beverage fleets with a Long-Term Full Service Lease (Long-Term FSL) of up to 10 years, an increase from the company’s standard FSL term of five to seven years. According to a 2013 survey conducted by Beverage World, beverage fleets run fewer miles than the industry average, with 75 percent of route delivery fleets running less than 40,000 miles a year.

Beverage companies have a longer fleet lifecycle as a result, with 49% of beverage vehicles being five to nine years old and 47 percent being 10 or more years old. These statistics support the need for greater flexibility among beverage industry fleets, said Ryder.

“We introduced the Long-Term FSL in response to feedback provided by members of Ryder’s Food & Beverage Customer Advisory Board,” said Dennis Cooke, President of Global Fleet Management Solutions. “The Board, which brings together an exclusive group of thought leaders from a cross-section of the sector, provides us with invaluable feedback. Their thoughts and contributions enable us to address the future needs of the food and beverage industry and to make continuous improvements for fleets in an industry that we have been serving for nearly 80 years,” he said.

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