Ryder reaches lease agreement with newspaper delivery company
Ryder System, Inc. has been selected by Illinois-based Andrew Distribution, Inc., a regional provider of transportation and distribution services for publishers, to provide 18 new straight trucks under a Full Service Lease agreement.
Under the terms of the Full Service Lease, Ryder will acquire vehicles per the customer’s specifications, provide financing, maintenance and fleet support services, and manage vehicle disposal.
The trucks will be used to support Andrew’s distribution and delivery operations for a major daily newspaper in the Milwaukee, Wis. market.
This is the first time Andrew Distribution has leased a portion of its fleet.
“Working with Ryder, we were able to quickly acquire the specific trucks we needed without having to make an ownership investment,” Andrew Malek, Vice President, Andrew Distribution, says.
Malek says the company has been renting trucks from Ryder for the past four years to supplement its existing private fleet of more than 80 vehicles, but found itself with a need to expand quickly to support a new customer account.
“The increased complexity of commercial vehicle technology and maintenance requirements, new regulatory safety and emissions standards, and tighter capital availability, all make managing a fleet more costly and challenging than ever,” said Dennis Cooke, President, Global Fleet Management Solutions for Ryder.