Ryder System, Inc. (NYSE: R), a leader in commercial transportation and supply chain management solutions, today announced it is now offering extended warranty plans in Canada to complement the reliability of its Ryder Road ReadyTM pre-owned vehicles. These innovative extended warranty programs provide immediate, comprehensive power train and emissions component coverage up to 36 months or 1.6 million kilometres for pre-owned Ryder Road ReadyTM 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 Diesel Particulate Filters (DPF), Exhaust Gas Recirculation (EGR) valves, injectors, water pumps, turbochargers, transmission and rear axle(s), among other items detailed in warranty.
“We understand that buying a used truck is a significant investment,” said Eugene Tangney, Group Director of Asset Management for Ryder. “With this new extended warranty, customers have the added confidence that they are getting top quality vehicles they can depend on for the long haul.”
To provide customers with this extended warranty, Ryder has partnered with Premium 2000+, a leader in used truck warranties.
“As the largest used heavy duty truck point-of-sale independent warranty provider in North America, Premium 2000+ brings extensive industry expertise and a reliable network of repair partners that meet Ryder’s high standards for quality and service,” said Michael Cagney, Director of Asset Management, Ryder Canada. “Partnering with Premium 2000+ enables Ryder to provide this exceptional warranty to our customers in order to protect their investments.”
Ryder Road ReadyTM used vehicles are single-owner vehicles equipped with quality components and part configurations that have been road-tested and performance-monitored within Ryder's fleet of more than 180,000 vehicles. The Ryder Road ReadyTM designation means that the vehicle being purchased includes complete maintenance records and meets or exceeds a list of 59 quality standards. In Canada, Ryder Road ReadyTM vehicle purchases include a 30-day, power train coverage. The new extended warranty offers customers the option to extend coverage beyond the 30-day standard protection. Ryder Road ReadyTM vehicles are available at 59 Ryder retail locations across North America.
Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index. Inbound Logistics magazine has recognized Ryder as a top third party logistics provider and green supply chain partner. Ryder has also been ranked three years in a row as one of the top 250 U.S. companies in the Newsweek Green Rankings. In addition, Security Magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com and follow us on Facebook, YouTube, and Twitter.
Note Regarding Forward-Looking Statements:Certain statements and information included in this news releaseare "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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