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.
Dry van trailers are a vital component in the secure and efficient transportation of goods. You'll learn why these trailers are work horses for hauling and storing non-temperature sensitive freight. Whether you're considering renting or leasing options or curious about leading manufacturers, this guide lays it all out with tips from our experienced fleet optimization team.
In the world of adult beverages, the popularity of hard seltzers has surged dramatically. This consumer craze presents a significant challenge companies and distributors as the ingredients required for these drinks differ from what is typically stocked. Read how a massive player in the alcoholic beverage industry found a cost-effective and flexible solution to transport and store temperature-sensitive ingredients while strengthening their operations for more than three years.
Learn about the significant impact of reefer trailers on transporting perishable goods including tips, technological advancements, & rental options for efficiency.
