We introduce KaRRi, an improved algorithm for scheduling a fleet of shared vehicles as it is used by services like UberXShare and Lyft Shared. We speed up the basic online algorithm that looks for all possible insertions of a new customer into a set of existing routes, we generalize the objective function, and efficiently support a large number of possible pick-up and drop-off locations. This lays an algorithmic foundation for ridesharing systems with higher vehicle occupancy -- enabling greatly reduced cost and ecological impact at comparable service quality. We find that our algorithm computes assignments between vehicles and riders several times faster than a previous state-of-the-art approach. Further, we observe that allowing meeting points for vehicles and riders can reduce the operating cost of vehicle fleets by up to $15\%$ while also reducing passenger wait and trip times.

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