Ryder Honored at Inaugural Miami Inno Fire Awards for Its Innovative Vehicle Sharing Platform
December 05 2022 - 6:55AM
Business Wire
COOP by Ryder® recognized by The South Florida
Business Journal as a leader in innovation within South Florida
Ryder System, Inc. (NYSE: R), a leader in supply chain,
dedicated transportation and fleet management solutions, announces
its selection as a Miami Inno Fire Awards honoree by The South
Florida Business Journal in recognition of the company’s
peer-to-peer truck sharing platform, COOP® by Ryder. The award
recognizes startups, established companies, accelerators and
community organizations who are reshaping the innovation ecosystem
across the South Florida region.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221205005196/en/
Romain Rousseau (center), vice president
for COOP by Ryder accepting the Miami Inno Fire Award from Mel
Mélendez, editor-in-chief for South Florida Business Journal and
Cristian LaCapra, senior vice president for Northern Trust and
corporate event sponsor. (Photo: Business Wire)
The program celebrates 25 of the fastest growing and impactful
entrepreneurs and companies that have demonstrated a commitment to
innovation within local communities. This recognition is awarded by
the South Florida Business Journal based on several factors: new
funding, social and community impact, product launches, company
pivots, employee growth, and business expansion.
“Since our initial launch in South Florida, we’ve seen the value
this platform offers our customers, whether in generating revenue
needed to cover their costs on idle vehicles or for sourcing
additional capacity,” says Romain Rousseau, vice president for COOP
by Ryder. “COOP is part of the solution to these challenges and
it’s why we continue to innovate and make updates to COOP’s
vehicle-sharing services. It’s a first-of-its-kind digital
marketplace and we’re very proud to support hundreds of businesses
in Ryder’s home state of Florida.”
COOP by Ryder is the largest commercial vehicle sharing
platform, connecting fleet owners with idle vehicles to trusted
businesses in need of rental vehicles. To date, more than 14,000
businesses have joined the program, with COOP experiencing 250%
year-over-year growth since its inception. In 2019, COOP expanded
into the South Florida market to serve the Port of Miami, one of
the largest ports in the U.S. and a hub for global commerce, as
well as local businesses in need of rental vehicles. In February
2022, Ryder expanded the program across all 50 states.
“South Florida Business Journal’s inaugural Miami INNO Fire
Awards provides us the platform to publicly recognize the
innovators, entrepreneurs and established companies in the region
who are truly impacting the technology ecosystem that so many have
strived to grow over the past three decades,” says Melanie
Dickinson, president & publisher, South Florida Business
Journal.
Since its launch in 2018, COOP has introduced numerous platform
enhancements, including the rollout of a mobile application,
on-demand liability insurance and downtime coverage, Ryder’s 24/7
roadside assistance, advanced user ratings, and access to revenue
reports and fleet analytics. COOP has also increased its employee
headcount from a small team of five members four years ago to more
than 95 employees and is growing to support the nationwide
expansion.
Businesses interested in joining the program can sign up on
COOP.com or via the mobile app to rent or list vehicles on the
platform.
About COOP® by Ryder
COOP by Ryder™ is the largest commercial vehicle sharing
platform, connecting fleet owners with idle vehicles to trusted
businesses in need of rental vehicles. COOP is available on
COOP.com or as a mobile app in the iOS and Android app stores.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and
transportation company. It provides supply chain, dedicated
transportation, and fleet management solutions, including full
service leasing, rental, and maintenance, used vehicle sales,
professional drivers, transportation services, freight brokerage,
warehousing and distribution, e-commerce fulfillment, and last mile
delivery services, to some of the world’s most-recognized brands.
Ryder provides services throughout the United States, Mexico, and
Canada. In addition, Ryder manages nearly 239,000 commercial
vehicles and operates more than 330 warehouses, encompassing more
than 80 million square feet. Ryder is regularly recognized for its
industry-leading practices in third-party logistics,
technology-driven innovations, commercial vehicle maintenance,
environmentally friendly solutions, corporate social
responsibility, world-class safety and security programs, military
veteran recruitment initiatives, and the hiring of a diverse
workforce. www.ryder.com
Note Regarding Forward-Looking Statements: Certain statements
and information included in this news release are "forward-looking
statements" within the meaning of the Federal Private Securities
Litigation Reform Act of 1995. These forward-looking statements,
including our expectations with respect to the capabilities and
performance of COOP, are based on our current plans and
expectations and are subject to risks, uncertainties and
assumptions. Accordingly, these forward-looking statements should
be evaluated with consideration given to the many risks and
uncertainties that could cause actual results and events to differ
materially from those in the forward-looking statements including
those risks set forth in our periodic filings with the Securities
and Exchange Commission. New risks emerge from time to time. It is
not possible for management to predict all such risk factors or to
assess the impact of such risks on our business. Accordingly, we
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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Jonathan Mayor (305) 500-3161 jonathan_c_mayor@Ryder.com Amy
Federman (305) 500-4989 afederman@Ryder.com
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