Breaker 1-9: A South Florida company is set to launch a commercial truck-sharing platform in Orlando with the goal of boosting revenue for trucking companies.
Miami-based trucking company Ryder Systems Inc. (NYSE: R) announced Tuesday the expansion of its peer-to-peer truck-sharing platform COOP. The online platform enables fleet owners to rent out unused trucks to other companies.
The product is meant to provide trucking companies with a source of revenue for trucks they aren’t using. Approximately 25% of the commercial vehicles in the U.S. go unused at least one day of the work week, according to Ryder.