Ryder Europe has announced it is investing a further £22 million to upgrade and expand its rental fleet.

The company’s latest order for 562 vehicles – primarily HGVs – follows an earlier investment of £22 million in new rental vehicles in 2010.

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Speaking to Tachoblog, Nigel Martin, Ryder Europe’s commercial vehicles sales director, said, “This latest investment in upgrading and growing our rental fleet underlines our commitment to providing customers with the commercial solutions and most flexible rental options that they need to support their business needs.

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“The delivery of these new vehicles make Ryder Europe’s rental fleet one of the most modern and efficient fleets in the marketplace.  At the same time, consistent with customer demand, approximately 70% of our rental fleet will be HGVs with an extended range of vehicle payload and specification options.”

Commenting further, Mr. Martin said, “This investment firmly underlines Ryder Europe’s confidence in the UK commercial vehicle rental market and reinforces our commitment to providing excellent service and flexible options to our customer base.”

At the core of the new investment is the addition of a further 148 tractor units. All of the new tractor units will feature automatic transmissions for improved fuel economy, together with space cabs fitted with air conditioning for added driver comfort.

Enhancing the company’s HGV rigid fleet, for the first time Ryder Europe is introducing 12 tonne and 26 tonne curtainside trucks with tail lifts specifically to satisfy customer requirements.  The HGV rigid fleet will also benefit from a combination of new 318 box vans and curtainsiders at 7.5, 12, 18 and 26 tonne.

All of the vehicles included in this latest refresh meet the Euro 5 specification, enabling Ryder Europe’s entire rental fleet to be 100% compliant with the new LEZ requirements effective from January 2012.