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Ryder invests £25 million to refresh and upgrade rental fleet

Ryder photoRyder has announced that it is investing £24.6 million in a further upgrade and expansion of its rental fleet. The investment follows the company’s successful acquisition of Hill Hire in June 2011.

The decision to refresh and upgrade the fleet is part of Ryder’s ongoing commitment to providing customers with the latest and widest range of rental vehicle options. Over the next two months Ryder will be introducing 530 new vehicles, including 250 new tractors, to the rental fleet. The investment will bring the average age of Ryder’s trucks and tractors to 27 months.

Ryder’s continuing investment in the UK commercial vehicle rental market reinforces the company’s position as one of the leading providers of heavy goods vehicles, which now account for 82% of Ryder’s fleet. Within the HGV categories, tractors now account for 42% of the fleet.

In the HGV rigid fleet, two categories in particular will be expanded to cater for growing customer demand: the 12 tonne and 26 tonne capacity rigid trucks. The HGV rigid fleet will also benefit from a combination of new medium and heavy box and curtain sided trucks.

David Hunt, Vice President and Managing Director Ryder Europe, said: “This latest investment underlines our commitment to providing customers with the most current and efficient rental options in the UK market today. The acquisition of Hill Hire has already brought many benefits, not least the merging of our fleets which has provided more product choice for customers including a wider range of makes. This latest investment improves our rental fleet profile even further.

“Ryder now has a substantial tractor fleet to complement its rigid trucks and can offer a very broad range of vehicle payload and specification options. This gives us enormous capability and flexibility to support our customers’ evolving requirements, and puts us in an optimum position to help them meet the challenges of 2012 and beyond.”