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...