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Ryder expands peer-to-peer digital platform and commercial vehicle sharing 03 February 2020

Dallas-Fort Worth area is one the largest trucking markets in the US

Ryder System, Inc. has announced the expansion of its peer-to-peer truck sharing platform, COOP by Ryder , to the Dallas-Fort Worth, US, market, a move that signals a growing demand for commercial vehicle sharing. COOP allows commercial vehicle owners to generate revenue by renting idle trucks and trailers to a network of trusted businesses. In addition to Dallas-Fort Worth, it is also available throughout Georgia and Florida.

COOP by Ryder makes it easy for businesses to safely share commercial vehicles from each other and earn revenue. Fleet owners can list their vehicles on the digital platform, set vehicle availability for idle periods, and upon vehicle return receive guaranteed payments from Ryder. Any business can list vehicles in the marketplace, even businesses that are not Ryder customers. But all COOP users are vetted to ensure they comply with safety and reliability standards.

The growth of COOP has been supported by the rollout of the platform’s new mobile application and the launch of an on-demand liability insurance product offered through a license insurance partner.

A benefit of operating in multiple markets is the ability to have repeat customers and the same customer use the platform in the different areas it operates. Bowman Trailer Leasing is already successfully leveraging COOP in the Georgia and Florida markets and has plans to start using the platform for its operations in Dallas.

COOP generates average monthly earnings of US$3,000 for a single straight truck or US$4,000 a month for a sleeper tractor. To date, more than 1,300 businesses have joined the programme.