In 2020, Sneed Leasing had just modernized their fleet to include over 100 trailers that are 53’ ft dry vans in all the latest specs. However, local rental demand from traditional freight brokerage channels in Austin, TX still had this trailer fleet sitting idle nearly 1/4 of the time. Phil Sneed, President of Sneed Leasing, sought a solution to increase his fleet utilization and found so much more with COOP by Ryder.
Sneed Leasing joined COOP, and their business quickly became growth-oriented again. COOP, the commercial vehicle sharing platform, was easy to join. It gave Phil the confidence to rent out his vehicles because he knew that the platform was backed by Ryder. Additional peace of mind came with the fact that Renters are vetted by COOP’s team and that his trailers on reservation have access to 24/7 roadside assistance across the country.
“Our asset utilization rate increased from 76% to 98% thanks to the COOP mobile app,” said Phil.
Easy and consistent billing meant a dependable positive cashflow he could make a business plan around. Profits from COOP were quickly invested into additional trailers, which allowed them to dedicate more to the platform.
If you’d like to read more about Sneed Leasing's experience with COOP, you can get the full case study here.
We're analyzing the complexities of fuel costs for operating commercial trailers and exploring strategies to enhance fuel efficiency. We'll examine industry best practices and solutions to help you stay ahead of the curve and boost your bottom line.
We often hear terms like "drayage" and "cartage" being thrown around. Still, many people find themselves scratching their heads when discussing their differences in the trucking industry. Let's clear things up and discuss the differences between drayage and cartage.
Looking for ways to maximize stops at the pump when hauling goods on commercial trailers? When transporting loads, every mile counts, and fuel costs can significantly impact the bottom line. Finding ways to improve fuel efficiency is crucial, which is where trailer skirts (edge skirts or trailer side skirts) come in. These aerodynamic panels attach to the underside of trailers, and though they seem small, they offer big benefits for trailers.
