Ryder System announced it has signed its first Flex-to-Green lease agreement with Source Interlink Companies, an integrated media, publishing, merchandising and logistics company that produces and distributes magazine content to retail locations across the United States and abroad. With a Flex-to-Green lease for seven diesel-powered vehicles, Source Interlink will have the flexible option to exchange these vehicles for natural gas-powered vehicles.
“With a fleet of over 300 vehicles that operate across the country as part of Source Interlink’s sales, services and logistics division, fuel volatility and cost is an important issue for us,” says Jim Tate, senior vice president of operations for Source Interlink Distribution. “The option of using a cheaper and readily available fuel supply such as natural gas to power our vehicles and mitigate fuel costs is an attractive avenue we’d like to explore. We appreciate the flexibility that Ryder makes available through the Flex-to-Green lease offering, which will allow us to pilot alternative fuel vehicles within our fleet.”
