Ryder CEO takes Main Stage at ACT Expo with Keynote on Economic Impacts of Converting Diesel to Electric Vehicles
Ryder System will return to the Advanced Clean Transportation (ACT) Expo in Las Vegas from May 20-23. Chairman and CEO Robert Sanchez is set to deliver a keynote on May 22, titled “Fleet Electrification in the Real World,” addressing the economic impacts of converting diesel commercial vehicles to electric vehicles (EVs). Ryder's recent analysis, “Charged Logistics: The Cost of Electric Vehicle Conversion for U.S. Commercial Fleets,” highlights the total cost of transport (TCT) for light-, medium-, and heavy-duty commercial vehicles, emphasizing the affordability of light-duty EVs and the higher costs associated with medium- and heavy-duty EVs. During the event, Ryder will showcase their RyderElectric+ EV solutions, including advisors, EVs, chargers, and maintenance at booth #1944.
- Ryder's participation in the prominent ACT Expo enhances brand visibility and industry leadership.
- The keynote by CEO Robert Sanchez provides valuable insights on the cost and infrastructure challenges of fleet electrification.
- Ryder's analysis offers critical data on the TCT of commercial EVs, aiding businesses in decision-making.
- Highlighting light-duty EVs as cost-effective encourages initial adoption and market penetration.
- The RyderElectric+ turnkey solution simplifies the fleet electrification process for businesses.
- Medium- and heavy-duty EVs show significant cost increases in TCT, which may deter adoption.
- Potential broader inflationary impacts could arise from fleet electrification costs.
- The necessity of extensive infrastructure investment may delay full-scale EV adoption.
Ryder to exhibit during Expo, providing insights on electrifying commercial fleets
Ryder returns to ACT Expo in
During his keynote address, Sanchez will explore the transport costs and infrastructure challenges associated with converting commercial diesel vehicles to electric vehicles (EVs) in today’s market. This follows a recent analysis published by Ryder, titled “Charged Logistics: The Cost of Electric Vehicle Conversion for
“At Ryder, we understand complexities of the commercial EV landscape – both the challenges and the opportunities it presents,” says Sanchez. “While we recognize the long-term potential of leveraging zero-emission vehicle technology, our EV TCT analysis quantifies the costs of fleet electrification and highlights other realities for businesses and consumers to consider.”
According to the analysis, light-duty vehicles emerge as the most cost-effective entry point for EV adoption in today’s market, whereas medium- and heavy-duty vehicles could pose a significant increase in the TCT. For a complete copy of the analysis and further insights from Ryder on the road to electrification, download a copy of “Charged Logistics: The Cost of Electric Vehicle Conversion for
Ryder joins other industry leaders during ACT Expo to discuss the trends, infrastructure solutions, and technologies in commercial transportation. This includes a breakout session called “Developing the Alternative Fuels Workforce” on May 20 moderated by Arun Chickmenahalli, director of maintenance at Ryder. Also during ACT Expo, conference attendees are invited to visit Ryder’s interactive exhibit (booth #1944) to engage with Ryder’s team and discover more about RyderElectric+, the company’s turnkey EV solution. Previously unveiled at the 2023 ACT Expo, RyderElectric+ provides electrification advisors, EVs, chargers, telematics, and maintenance all for one price and from one point of contact. The Ryder exhibit will feature presentations and an interactive putt-putt golf challenge designed with elements of the current EV landscape and Ryder’s EV solutions.
Schedule Interviews: For media interested in scheduling onsite interviews with Ryder executives, including Ryder CEO Robert Sanchez, contact Jonathan Mayor at Jonathan_C_Mayor@Ryder.com.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout
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, including our customers’ operations and demands, our expectations with respect to electric vehicles and the related costs of maintenance, charging infrastructure, labor and insurance, as well as our expectations related to the impacts of converting diesel fleets to electric on supply chains and inflation, 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.
ryder-fms
View source version on businesswire.com: https://www.businesswire.com/news/home/20240514265450/en/
Jonathan Mayor, jonathan_c_mayor@ryder.com
Amy Federman, afederman@ryder.com
Source: Ryder System, Inc.
FAQ
What is Ryder presenting at the ACT Expo 2023?
When will Ryder's CEO deliver the keynote at ACT Expo 2023?
What is the focus of Ryder's keynote at the ACT Expo?
Which vehicles are highlighted as cost-effective for EV adoption according to Ryder's analysis?
What challenges are associated with medium- and heavy-duty EVs according to Ryder's analysis?
What does Ryder's RyderElectric+ solution include?
