Ryder Launches Drop-and-Hook Trailer Service for Freight Brokerage Solution

Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces a new drop-and-hook trailer service to complement its growing freight brokerage business. By leveraging available capacity through COOP by Ryder, the leading peer-to-peer truck- and trailer-sharing platform, customers have access to a dynamic fleet of dry and refrigerated trailers. Currently, COOP has more than 6,000 trailers listed across the United States, with inventory growing daily.

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Ryder announces a new drop-and-hook trailer service to complement its growing freight brokerage business. By leveraging available capacity through COOP by Ryder, the leading peer-to-peer truck- and trailer-sharing platform, customers have access to a dynamic fleet of dry and refrigerated trailers. (Photo: Business Wire)

“Despite a severe capacity shortage in the U.S., Ryder is in a unique position to tap into a sizeable pool of underutilized trailers through our vehicle-sharing platform,” says Dave Belter, vice president and general manager of transportation management at Ryder. “By blending the expertise of our freight brokerage team with the trailer capacity available on COOP and our network of 45,000 qualified carriers, we have created a new solution to solve our customers’ needs.”

With Ryder’s drop-and-hook trailer service, customers can rent one or more trailers to preload on their own schedules and then schedule for carrier pickup as needed, or customers can keep the trailers onsite for additional storage when warehouse capacity is tight. And, the majority of the 48- and 53-foot dry and refrigerated trailers have digital tracking available so shippers can keep track of their loads.

“Shippers gain flexibility and efficiency, and carriers improve productivity by eliminating time wasted waiting for live loads. And, in this case, vehicle owners listing with COOP have the opportunity to earn even more revenue,” says Romain Rousseau, vice president of COOP. “With COOP scaling rapidly and Ryder’s continued growth, it’s exciting to look across the broader business, find synergies, and develop innovative solutions that answer our customers’ needs.”