CEVA, Ryder expand relationship with addition of more than 1,000 leased trailers

A pretty big relationship between global third-party logistics (3PL) services provider CEVA Logistics and freight transportation and logistics services provider Ryder got even bigger with week, with the companies announcing that CEVA has added more than 1,000 full service lease trailers from Ryder.

CEVA officials said these trailers have been added to support its domestic U.S. ground business and its CEVA Ground and Freight Management units and secure strategic options for additional capacity growth.

The company’s fleet is comprised of nearly 4,700 trailers in roughly 200 locations, and its ground transportation services include full and less-than-truckload (LTL), dedicated fleet services, intermodal marketing and transportation brokerage services.

“There are several reasons for signing this lease with Ryder, including advantageous maintenance options, improved fuel efficiency aligned with our sustainability efforts and enhanced service for our customers,” a CEVA spokesman told LM. “CEVA’s strategy is to develop a more standardized fleet with specifications like side skirts, low rolling resistance tires, satellite tracking and tire inflation systems, among several other features that are appealing to our customers.” 

He added that this deal enables CEVA to provide a newer, more reliable fleet for its customers across all industries including automotive, technology, consumer, energy and industrial.

CEVA also said that since its relationship with CEVA was established nearly 30 years ago, it has expanded to more than 200 power units. And earlier this year CEVA renewed its contract with Ryder for 1,044 trailers, bringing its total number of vehicles under lease with Ryder to more than 1,244.

This is part of a 10-year contract in which Ryder will provide a dedicated fleet coordinator leveraging GPS to track trailer movements, with the fleets being served via “mobile maintenance” at CEVA’ seven North America-based hubs.

When asked what the biggest competitive advantages of this deal are for CEVA, the spokesman said that the full-maintenance lease is a key advantage of this agreement with Ryder. And by transferring the maintenance obligation from internal operations to Ryder, he said CEVA can rely on Ryder’s professional expertise and focus our efforts on its core competencies.

“Ryder values its relationship with CEVA and is pleased to support the fleet requirements of such a highly respected company,” said Robert Sanchez, Ryder’s President of Global Fleet Management, in a statement. “We look forward to providing viable options for them now and into the future to support their growth.”