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January 29, 2021 4:00 PM, EST

Ryder Expands Truck, Trailer Sharing Service

COOP bookingCOOP by Ryder

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Ryder System Inc. expanded its truck ride-sharing program into California, Tennessee and North Carolina, the company announced Jan. 27.

COOP is a truck- and trailer-sharing platform that connects fleet owners with idle vehicles to businesses that need rental vehicles. Ryder launched the program in March 2018.

“COOP has scaled quickly, and we are seeing rapid adoption of the truck- and trailer-sharing concept,” COOP General Manager Romain Rousseau said in a statement. “The platform provides a great way to flex your fleet up and down, something that traditional vehicle ownership doesn’t necessarily offer. Our customers use the platform to rent vehicles to support their demand peaks, but also to generate revenue on their idle vehicles when activity slows down.”

COOP expansion map

COOP also expanded its insurance program to 34 states. This will enable existing customers with large fleets across multiple markets to leverage the platform wherever they operate.

“Insurance is another area where we offer flexibility,” Rousseau said. “Customers either cover the rental with their own policy or can easily purchase daily insurance through COOP’s third-party insurance partner in 34 major markets.”

COOP has experienced 250% year-over-year growth. It now counts thousands of vehicles accessible in each state. That includes vans, box trucks, tractors and trailers. Ryder said the program has been particularly active during the pandemic, with businesses across different industries impacted by slower activity.

Ryder Supply Chain Solutions ranks No. 10 on the Transport Topics Top 100 list of the largest for-hire carriers in North America, and No. 5 on the Transport Topics Top 50 list of the largest logistics companies in North America. — Transport Topics

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