Ryder System announced that it has signed a natural gas vehicle (NGV) lease contract with its new customer in Florida, M&B Products, an eco-friendly dairy farm. M&B has signed a full service lease agreement with Ryder for three compressed natural gas (CNG) heavy duty vehicles. The new CNG trucks will be maintained by Ryder at its Tampa, Fla. service facility located at 4015 N 40th Street, which is already engineered to meet the unique maintenance compliance requirements for natural gas.
M&B produces, manufactures and packages fruit juices, milk, yogurt and water in a variety of packages including cartons, cups and pouches under an assortment of brand names. The company will use the new CNG vehicles to support its distribution fleet that services distributors in the South Florida region from Tampa to Miami.
Through a full service lease, Ryder acquires vehicles according to the customer’s specifications and provides financing, maintenance and fleet support services. It also manages vehicle disposal to protect customers from residual risk.
The natural gas vehicles are being made available through M&B Product’s participation in the Natural Gas Fuel Fleet Vehicle Rebate Program, funded by the Florida Department of Agriculture and Consumer Services. The Natural Gas Fuel Fleet Vehicle Rebate provides eligible applicants a rebate worth up to $25,000 on each vehicle for the cost of conversion or the incremental cost incurred by an applicant in connection with the conversion, purchase, or lease for a minimum term of five years.