Goodyear Launches New Purchase Options To Bring Automated Tire Inspection Technology To Fleets Across North America

Rhea-AI Summary

On September 14, 2021, Goodyear Tire & Rubber Company (NASDAQ: GT) announced customized leasing options for Goodyear CheckPoint, an innovative drive-over-reader device that inspects tire pressure and tread depth, aimed at enhancing tire management for fleet operators. This initiative is designed to increase accessibility for national account fleets in the U.S. and Canada. Goodyear CheckPoint has already inspected over 1.5 million tires in North America this year, flagging 126,000 potential issues, significantly improving efficiency and reducing labor time by 90% for tire inspections.

Positive

• Introduction of customizable leasing options for Goodyear CheckPoint enhances accessibility for fleets, potentially increasing customer base.
• Goodyear CheckPoint has processed over 1.5 million tire inspections this year, showcasing strong product utilization.
• The device allows for a 90% reduction in time required for tire inspections compared to manual methods, leading to significant labor savings.

Negative

• None.

AKRON, Ohio, Sept. 14, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it will now offer customized leasing options for Goodyear CheckPoint, a drive-over-reader device that automatically inspects tire pressure and tread depth and sends actionable insights to fleet managers. These new leasing options will make Goodyear CheckPoint more accessible to Goodyear national account fleets of all sizes throughout the U.S. and Canada. By working with a Goodyear sales associate, such fleets can explore use of the device and payment options for their business.

With Goodyear CheckPoint installed at a fleet yard entrance, the in-ground device automatically scans passing trucks and triggers alerts to fleet maintenance teams if there are any immediate tire concerns that require attention, such as low pressure or tread wear. This solution enables large numbers of vehicles to be inspected efficiently and offers a frequently updated snapshot of a fleet's overall tire program health.

"Goodyear CheckPoint is designed to help fleets to better maintain their tires by keeping pressure at optimal levels, which can extend both casing life and tread wear," said Johnny McIntosh, director, Goodyear Integrated Tire Solutions. "This can add up to significant cost savings, as improper air pressure causes about 85% of tire failures¹, which often result in unanticipated and costly roadside breakdowns."

Goodyear CheckPoint has also shown to help fleets save on labor. In one study comparing the time it takes to conduct tire inspections with the drive-over-reader device versus manual inspections, Goodyear CheckPoint delivered a 90% reduction in time taken to inspect fleet tire depth and pressure². 

This year alone, Goodyear CheckPoint devices in North America have automatically inspected more than 1.5 million tires and alerted fleets to 126,000 potential, costly issues so they could proactively seek maintenance.

Goodyear CheckPoint is part of Goodyear's Total Solution of trusted products, premier service network and complete tire management. For more information, visit Goodyeartrucktires.com.

About The Goodyear Tire & Rubber Company

Goodyear is one of the world's largest tire companies. It employs about 72,000 people and manufactures its products in 55 facilities in 23 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

¹ Federal Motor Carrier Safety Administration - Washington, DC Commercial Vehicle Condition Sensors, Booze Allen Hamilton Inc. 2003.

²Comparative data from Transportes Garcia de la Fuente, Madrid, to check 750 vehicles with versus without CheckPoint (fka DOR).

 

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SOURCE The Goodyear Tire & Rubber Company

FAQ

What is the Goodyear CheckPoint and its purpose?

Goodyear CheckPoint is a drive-over-reader device that automatically inspects tire pressure and tread depth, aimed at enhancing tire management for fleets.

When did Goodyear announce the customizable leasing options for CheckPoint?

Goodyear announced the customizable leasing options for CheckPoint on September 14, 2021.

What benefits does Goodyear CheckPoint offer for fleet maintenance?

Goodyear CheckPoint helps fleets maintain tires at optimal levels, reducing tire failures and saving on labor costs by significantly speeding up inspections.

How many tires has Goodyear CheckPoint inspected in North America this year?

This year, Goodyear CheckPoint has automatically inspected over 1.5 million tires in North America.

What financial impact does Goodyear CheckPoint aim to provide?

Goodyear CheckPoint aims to reduce costs associated with tire failures and labor, potentially leading to significant savings for fleet operators.