Ryder Signs First Customers to Multi-Year Electric Vehicle Contracts
Portfolio Pulse from Benzinga Newsdesk
Ryder System, Inc. (NYSE: R) has secured its first two Ryder ChoiceLease customers for its RyderElectric+ turnkey fleet solution. Land 'N' Sea Distributing and Servientrega International Inc. will use RyderElectric+ for operating multiple light-duty electric cargo vans, with Ryder supporting their charging infrastructure.
December 05, 2023 | 11:59 am
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Ryder System, Inc. has announced the signing of its first RyderElectric+ contracts with Land 'N' Sea Distributing and Servientrega International, indicating growth in its EV fleet management solutions.
The announcement of Ryder System, Inc.'s first customers for its RyderElectric+ solution is a positive development, indicating the company's successful expansion into the electric vehicle market. This could lead to increased investor confidence and potential growth in the company's revenue from the EV sector, thus likely to have a positive impact on the stock price in the short term.
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