Ryder Signs Its Largest Natural Gas Lease Deal in North America with C.A.T.

MIAMI, Oct 24, 2014 (BUSINESS WIRE) — Ryder System, Inc. R, -0.41% a leader in commercial fleet management and supply chain solutions, announced today that C.A.T. Inc. (formally Canadian American Transportation, Inc.) has signed a full-service lease agreement for 100 compressed natural gas (CNG) sleeper tractors. This is Ryder’s first natural gas lease customer in Canada and its largest single natural gas vehicle customer to date. C.A.T., a truckload carrier based in Coteau-du-Lac, Quebec, Canada, will use the trucks in its delivery fleet that travels from Montreal, Canada to Laredo, Texas. C.A.T. has served the shipping public between Canada and the United States since 1978 and provides transportation services to major corporations within the automotive, food, beverage, consumer packaged goods (CPG), and electronic industries. Ryder will also provide maintenance for the 100 CNG vehicles from Ryder’s Montreal, Canada service facility, which is being upgraded for compliance with natural gas standards.

Read full story here