Ryder Signs Alliance with Mansfield Clean Energy Partners to Provide Natural Gas Vehicle Solutions to Bulk Fuel Haulers
Ryder System, Inc. (NYSE:R) , a leader in commercial fleet management and supply chain solutions, today announced that it has signed a strategic alliance agreement with Mansfield Clean Energy Partners, a joint venture founded by Mansfield Energy Corp., one of the nation’s largest providers of transportation fuel, and Clean Energy Fuels (NASDAQ:CLNE) . With the alliance, Ryder and Mansfield will partner to offer a compressed natural gas (CNG) vehicle and fuel solution to bulk fuel haulers, a segment of the transportation industry that consumes over 500 million gallons of fuel annually. The solution includes truck leasing and maintenance services for natural gas vehicles from Ryder, and CNG fueling from Mansfield. The companies have worked collaboratively with tractor and engine manufacturers to develop an optimized CNG vehicle design specifically for bulk fuel hauling applications.
“Ryder’s industry-leading natural gas vehicle and maintenance capabilities, combined with Mansfield’s fueling expertise, will enable us to help convert more of the critical bulk fuel hauling market to this more sustainable and advanced fuel,” said Dennis Cooke, President, Global Fleet Management Solutions for Ryder.
Mansfield has also leased 12 heavy duty CNG vehicles from Ryder, the first of their kind in Mansfield’s fleet. The fleet will be used to haul diesel and gasoline for Mansfield customers, and will be serviced out of Ryder’s maintenance facility in Atlanta, Ga.
“Mansfield is uniquely positioned to serve the bulk fuel hauling market because of the Company’s over half-century of experience in the refined fuel products supply chain,” said Michael Mansfield, CEO of Mansfield. “Our alliance with Ryder supports our commitment to be good stewards in our community and for the environment by making cleaner, cheaper natural gas available to an important segment of commercial fleets.”
With more than 27 million miles of experience, 14 natural gas vehicle maintenance facilities, and 260 natural gas vehicle trained technicians, Ryder is the industry-leader in natural gas vehicle solutions for the commercial transportation market.
The oil & gas industry relies on Ryder to take costs and risks out of transportation and logistics, enabling customers to maximize uptime, keep supplies and goods moving, and bring costs down. This is all supported by a proven health and safety culture. Ryder turns a complicated supply chain into a company’s strategic competitive edge, from the oilfield to the marketplace.
Ryder is a FORTUNE 500(R) commercial fleet management and supply chain 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 included Ryder in its “Green Partners” listing for five years in a row. 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 Facebook, YouTube, and Twitter.
About Mansfield Clean Energy Partners
Mansfield Clean Energy Partners was launched to build and develop compressed natural gas fueling stations across North America, with a specific focus on bulk fuel hauling terminal markets. Mansfield Clean Energy Partners has developed an industry-leading team leveraging shared resources and expertise with Mansfield Energy Corp., a fifty-seven year old leader in the transportation fuels sector and #41 on the Fortune 100 list of privately held companies (and parent of Mansfield Oil Company), and Clean Energy Fuels, the nation’s largest builder of CNG and LNG stations. Mansfield Clean Energy Partners is built on a foundation of innovation, partnership and high-touch service that allows us to help position our partners to take advantage of the financial, environmental and operational benefits of a conversion to natural gas. For more information, visit www.mcepartners.com.
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