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Ryder signs exclusive deal with L.A. electric-truck maker Chanje

Ryder signs exclusive deal with L.A. electric-truck maker Chanje

Ryder is moving into the electric-truck business, an early sign that a market for commercial electric vehicles is beginning to take shape.

Miami-based Ryder System Inc. announced a deal Monday with new Los Angeles company Chanje as the electric-truck maker’s exclusive sales and service partner.

“We believe electric vehicles will play a major role in the future of commercial transportation,” Dennis Cooke, president of global fleet management at Ryder, said in a prepared statement.

Ryder, one of the nation’s largest medium-duty truck fleet management companies, will buy trucks from Chanje, then lease and service them through its extensive network. Leases will include fleet...

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