March 21, 2022
1 min read

Featured Business: Sneed Leasing

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.

Catch Up on the Latest With COOP

Maximizing Gains with Reefer Trailers – A Guide

Learn about the significant impact of reefer trailers on transporting perishable goods including tips, technological advancements, & rental options for efficiency.

Featured Success Story: How a Leading Value-Added Distributor Gained 85,000 cu. ft. of Space with Storage Trailers

How the largest value-added distribution company overcame challenges with limited warehouse space by using storage trailers as a quick and cost-saving solution during peak season with the COOP by Ryder rental solutions platform.

Featured Success Story: How a Major Food & Bev Company Tripled Daily Loads Via Drop & Hook Freight

It’s no secret that the food distribution industry is highly competitive, and companies need to operate efficiently to succeed. One of the nation's largest food distribution and production companies with over $1.5B in sales wanted to save time and money in a tight economic landscape, and trailer pools presented as a worthwhile long-term solution. 

We use cookies to improve your experience and support our mission. By using our site, you agree to our use of cookies