car·pool

[kahr-pool]
noun Also, car pool.
1.
Also, car·pool·ing, car pooling. an arrangement among a group of automobile owners by which each owner in turn drives the others or their children to and from a designated place.
2.
those included in such an arrangement.
verb (used without object)
3.
Also, car-pool. to form or participate in a carpool.

Origin:
1940–45; car1 + pool2

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
carpool (ˈkɑːˌpuːl) [Click for IPA pronunciation guide]
 
vb, —n
another term for carshare
 
'carpooling
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Carpool is one of our favorite verbs.
So is kibitz. Does it mean:
chat, to converse
to steal or take dishonestly (money, esp. public funds, or property entrusted to one's care); embezzle.
Etymonline
Word Origin & History

carpool
by 1942, Amer.Eng., from car + pool (2).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Carpool parents often don't put kids in booster seats.
Whenever possible, take public transportation to work or school, or organize a
  carpool.
Human fathers might pride themselves on being dedicated breadwinners, diligent
  carpool drivers or convenient camping buddies.
The next two top choices were saving time in carpool lanes and reducing commute
  stress.
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