STRATHROY, Ont. — Ryder System announced today it has reached agreement to acquire all the assets of Pollock NationaLease, one of Canada’s largest privately-owned full service truck leasing companies based in Strathroy, Ontario.

Ryder, one of North America’s leading truck and trailer rental, leasing, and
supply chain management companies, will acquire Pollock’s fleet of more than 2,000 vehicles and over 187 contract customers served by the Ontario locations of Sarnia, Windsor, London, Baden, and Milton, as well Moncton, N.B.

The combined network will operate under the Ryder name, complementing Ryder Canada’s market coverage and service network, the company says.

“Pollock NationaLease is a well known and respected name in Canada’s transportation industry with an outstanding reputation of delivering high levels of customer service,” said Ryder Chairman and CEO Greg Swienton. “This acquisition allows us to expand our Canadian network, establish a footprint in … Greater Toronto, and continue to build on the strong foundation of quality service and best practices to further our value to customers of both companies.”

The acquisition is expected to be finalized in October 2007.

“Ryder has always been a high quality competitor for us in Canada and we are confident that the combined companies will further strengthen the quality of service we provide to our customers, as well as offer even more choices of transportation and logistics solutions for them,” said Jim Pollock, Chairman of Pollock NationaLease.