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The Women In Trucking Association & Expediter Services Announce Program Aimed At Developing 150 Women-Owned Businesses Over Next 12 Months

!!!UPDATE!!!

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WIT and ES make RoadSquad Radio News!!!

Click below to hear the latest news from RoadSquad Radio about Women in Trucking and ES collaborating to help create 150 women-owned businesses in the next twelve months. Panther Premium Logistics and Forward Air have already pledged their support. Listen to learn more!

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new expediter services logo

Women In Trucking President & CEO Ellen Voie, in her annual presentation during the organization’s Accelerate! Conference & Expo, today announced an innovative new program that will serve as a platform to assist in establishing 150 new women-owned small businesses within in the transportation sector over the next 12 months. The program – developed as part of a strategic partnership with Expediter Services, one of the industry’s leading providers of capacity – will offer accessible financing as well as operational and business support for women interested in entering the trucking industry.
The goal of the new program from Women In Trucking (WIT), as Voie noted in her presentation at the conference, is focused on key areas of need within the trucking industry. The program, in utilizing infrastructure developed through the expertise of Expediter Services, offers a proven platform for women who are interested in learning about and growing within the trucking industry. The women in the program will be on a path to establishing their own small businesses as owner-operators and fleet owners in a market that now has a driver shortage approaching 50,000, according to the latest industry estimates.
witlogo-es
WIT’s new program also offers a strong solution in a challenging driver market for carriers seeking capacity growth to meet the increasing shipping needs of customers. As part of her presentation at Accelerate!, Voie issued a challenge to the carriers attending the annual WIT conference and to carriers across the industry. In considering the number of small businesses and owner-operators WIT’s new program seeks to develop over the next year, Voie challenged carriers to help create opportunities for these women entrepreneurs by utilizing their services as a way to address capacity needs.

Expediter Services President Jason Williams, a WIT Board of Directors Member and a participant in a panel discussion following Voie’s presentation, announced on Tuesday that Panther Premium Logistics and Forward Air had become the first carriers to pledge their support in welcoming the capacity that will be generated by the small businesses produced through WIT’s new program.
“One of the goals of Women In Trucking Association is to address obstacles a woman might face in her career.  For drivers, this is often about obtaining funding, which our partnership with Expediter Services will eliminate.  Not only will she receive financial support, she will learn how to become a small business owner in the process.  We are so excited to be able to provide this service to our members,” said Voie.
women-in-epediting-200
In addition to becoming the leading source of capacity to the expedited transportation market during the past decade, Expediter Services has developed a highly effective platform offering strong entrepreneurial opportunities in general trucking through SuccessInTrucking.com, a website dedicated to prospective owner-operators and fleet owners. SuccessInTrucking.com also features programs designed to address the needs of carriers seeking capacity.

“We value the partnership that Expediter Services has built with Women In Trucking, and, through our experience in developing our scope of services, we know that women are a very important and growing part of a changing marketplace in trucking. We have been working for some time now to put the financing, operational support and infrastructure in place that can serve as a strong springboard for the launch and growth of 150 new women-owned small businesses over the next year,” said Williams. “Everything is now in place, and the industry is responding. We are proud to have Panther Premium Logistics and Forward Air as the first carriers on board to provide the participants in the program a great freight environment to work within. We could not have asked for better support to ensure the success of a program that is the first of its kind in the industry. Expediter Services is committed to helping the women entrepreneurs entering this program find their path to success in the trucking industry.”

Those interested in learning more details about the program are encouraged to contact Expediter Services with a phone call or email. The toll-free number for Expediter Services is 877-349-9303, while the email address is [email protected].
About Women In Trucking: The Women In Trucking Association, Inc. is a nonprofit association established to encourage the employment of women in the trucking industry, promote their accomplishments and minimize obstacles faced by women working in the trucking industry. Membership is not limited to women, as 17 percent of its members are men who support the mission. Women In Trucking is supported by its members and the generosity of Gold Level Partners: Arrow Truck Sales, Bendix Commercial Vehicle Systems, Daimler Trucks North America, BMO Transportation Finance, Expediter Services, Great Dane, J.B. Hunt Transport, Ryder System, Inc., U.S. Xpress, and Walmart. Follow WIT on Twitter, Facebook, or LinkedIn. For more information, visit www.womenintrucking.org or call 888-464-9482.

About Expediter Services: “Expediter Services is a one-stop service focused company offering programs and opportunities to  independent contract drivers and owner operators throughout the trucking industry through its wholly owned subsidiaries:  Expediter Contract Driver Services, Expediter Equipment Finance, Expediter Truck Sales, Expediter Management Services, and Expediter Insurance Services.”  For more information, visit www.expediterservices.com or call 877-349-9303.

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

The Women In Trucking Association & Expediter Services Announce Program Aimed At Developing 150 Women-Owned Businesses Over Next 12 Months

new expediter services logo

Women In Trucking President & CEO Ellen Voie, in her annual presentation during the organization’s Accelerate! Conference & Expo, today announced an innovative new program that will serve as a platform to assist in establishing 150 new women-owned small businesses within in the transportation sector over the next 12 months. The program – developed as part of a strategic partnership with Expediter Services, one of the industry’s leading providers of capacity – will offer accessible financing as well as operational and business support for women interested in entering the trucking industry.

The goal of the new program from Women In Trucking (WIT), as Voie noted in her presentation at the conference, is focused on key areas of need within the trucking industry. The program, in utilizing infrastructure developed through the expertise of Expediter Services, offers a proven platform for women who are interested in learning about and growing within the trucking industry. The women in the program will be on a path to establishing their own small businesses as owner-operators and fleet owners in a market that now has a driver shortage approaching 50,000, according to the latest industry estimates.
witlogo-es
WIT’s new program also offers a strong solution in a challenging driver market for carriers seeking capacity growth to meet the increasing shipping needs of customers. As part of her presentation at Accelerate!, Voie issued a challenge to the carriers attending the annual WIT conference and to carriers across the industry. In considering the number of small businesses and owner-operators WIT’s new program seeks to develop over the next year, Voie challenged carriers to help create opportunities for these women entrepreneurs by utilizing their services as a way to address capacity needs.
Expediter Services President Jason Williams, a WIT Board of Directors Member and a participant in a panel discussion following Voie’s presentation, announced on Tuesday that Panther Premium Logistics and Forward Air had become the first carriers to pledge their support in welcoming the capacity that will be generated by the small businesses produced through WIT’s new program.
“One of the goals of Women In Trucking Association is to address obstacles a woman might face in her career.  For drivers, this is often about obtaining funding, which our partnership with Expediter Services will eliminate.  Not only will she receive financial support, she will learn how to become a small business owner in the process.  We are so excited to be able to provide this service to our members,” said Voie.
women-in-epediting-200
In addition to becoming the leading source of capacity to the expedited transportation market during the past decade, Expediter Services has developed a highly effective platform offering strong entrepreneurial opportunities in general trucking through SuccessInTrucking.com, a website dedicated to prospective owner-operators and fleet owners. SuccessInTrucking.com also features programs designed to address the needs of carriers seeking capacity.

“We value the partnership that Expediter Services has built with Women In Trucking, and, through our experience in developing our scope of services, we know that women are a very important and growing part of a changing marketplace in trucking. We have been working for some time now to put the financing, operational support and infrastructure in place that can serve as a strong springboard for the launch and growth of 150 new women-owned small businesses over the next year,” said Williams. “Everything is now in place, and the industry is responding. We are proud to have Panther Premium Logistics and Forward Air as the first carriers on board to provide the participants in the program a great freight environment to work within. We could not have asked for better support to ensure the success of a program that is the first of its kind in the industry. Expediter Services is committed to helping the women entrepreneurs entering this program find their path to success in the trucking industry.”

Those interested in learning more details about the program are encouraged to contact Expediter Services with a phone call or email. The toll-free number for Expediter Services is 877-349-9303, while the email address is [email protected].

About Women In Trucking: The Women In Trucking Association, Inc. is a nonprofit association established to encourage the employment of women in the trucking industry, promote their accomplishments and minimize obstacles faced by women working in the trucking industry. Membership is not limited to women, as 17 percent of its members are men who support the mission. Women In Trucking is supported by its members and the generosity of Gold Level Partners: Arrow Truck Sales, Bendix Commercial Vehicle Systems, Daimler Trucks North America, BMO Transportation Finance, Expediter Services, Great Dane, J.B. Hunt Transport, Ryder System, Inc., U.S. Xpress, and Walmart. Follow WIT on Twitter, Facebook, or LinkedIn. For more information, visit www.womenintrucking.org or call 888-464-9482.

About Expediter Services: “Expediter Services is a one-stop service focused company offering programs and opportunities to  independent contract drivers and owner operators throughout the trucking industry through its wholly owned subsidiaries:  Expediter Contract Driver Services, Expediter Equipment Finance, Expediter Truck Sales, Expediter Management Services, and Expediter Insurance Services.”  For more information, visit www.expediterservices.com or call 877-349-9303.

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

Overcoming the Heartbreak of a Lease Purchase Agreement

new expediter services logo
For years, the trucking industry has offered the Lease Purchase agreement to Contractors looking to become Owner Operators. As we’ve pointed out in previous Spotlight News articles, Lease Purchases offer a quasi-ownership proposition with high payments for what you are getting and little-to-no way to pay off a truck. These agreements are often fraught with risks for the Leasee as they are most definitely set up to benefit the Leasor.
philipwrightA much better option is Expediter Services Much Better Alternative (MBA) to truck finance with a rock solid Path to Ownership (PTO) offering true truck ownership. Just ask Philip Wright, a professional contractor who recently underwent a heartbreaking experience when his artificially sweet Lease Purchase turned toxic. Fortunately, he and his wife are now on the road with a new truck that is truly sweet and was a really sweet deal!

SLN: Give us some of your trucking background?
I’ve been a driver since 1997. Since starting my career, I’ve driven semi’s both over-the-road, as well as locally. I enjoy being a trucker and it has great earning potential for anyone who wants to work hard.
I drove for another company before signing on with Panther as my carrier in 2004. Before leaving that company, my wife got her CDL and went out on the road with me, but we soon got discouraged. I saw an Ad online for Panther and we pursued that opportunity and we’re still with them. Panther is a good company and we’ve been successful running with them. We’re getting ready to move into our first brand new house built from the ground up, so life and business is pretty good.

SLN: Tell us about your experience with a Lease Purchase agreement?
In some ways, the Lease Purchase appeared to not be that bad. It’s sort of like when you put artificial sweetner in your coffee. It tastes good but if you use too much you can wind up with some serious health problems in the future. It was my desire to be an Owner Operator and the way the Lease Purchase was structured, it was easy with no down payment. It all started good and we were soon making some money. My wife and I were excited about our future and about our business. But there soon was to be a reckoning.
We already knew that we were spending a lot of money as far as the truck and the Lease Purchase agreement was concerned, but we were doing OK and earning a pretty good income and our lease was going to be up in July of next year anyway. So we figured we would just ride it out until then. But about two months ago we got a real surprise phone call that knocked the wind out of our sails. We were informed that our truck was 285,000 miles over the mileage limit on our contract and instructed to bring our truck back and turn it in. And on top of that, they said we would owe $21,000 to keep driving the truck or we could pay them $46,000 and buy it flat out. To say we were floored by this news would be an understatement!

I was livid! How could a Lease Purchase agreement limit our miles and our ability to make a living like this? They also wanted the truck returned immediately. On top of this, we had just bought a house, so there was a lot at stake for us. We were good earners, but we didn’t have the kind of cash lying around to continue driving the truck or to buy it outright. Our only choice was to get rid of the truck — something I really didn’t want to do. The situation was absolutely heartbreaking. It seemed like we had no control of our future at all.
mba to finance a truck
SLN: How did you manage to rid yourselves of this Lease Purchase heartbreak?
My contact at Panther went over several options with me. I decided to learn more about Expediter Services’ path to ownership opportunity. I soon got contacted by Jeff Tacker, VP of Operations at ES. He asked me that if ES could get him into a brand new truck equipped with an APU and no money down, would I consider it? To be quite honest, I was surprised by the offer and told him that I would absolutely be interested.

I provided ES with all of my financial information and they went to work. I soon got a call back from Jeff telling me that Expediter Equipment Finance was able to put together a package to get me into a new truck with no downpayment. I spent a lot of time on the phone with him learning more about Expediter Services and their discounts on insurance and fuel, as well as their support programs for Owner Operators. I also got to know a lot of the support staff when I visited their office; and everyone was knowledgeable, helpful and friendly. They really made a good impression on me.

SLN: Tell us about choosing your truck?
I really like Danny Vernon, Expediter Truck Sales Manager. He was extremely helpful and upfront throughout the entire process. It was like we were in business together and not just doing business. He helped me get into a 2018 Volvo 780. The really neat thing about this is that it’s the truck my wife and I wanted back when we got into the Lease Purchase, but had to settle for something smaller, so we’re really happy. It’s a great truck with a lot of amenities, including a ThermoKing TriPac Evolution APU and a seventy seven-inch factory sleeper. We love it!
path to ownership
SLN: What advice would you give someone who wants to move out of a Lease Purchase agreement?
My advice is to call Expediter Services! They truly have a Much Better Alternative to truck finance and their Path to Ownership is direct, simple and doable. Not only am I a true owner, more of what we make goes to our bottom line because of the benefits and advantages of Expediter Services program. There’s nothing like true truck ownership because you have much more control over your own destiny. I highly recommend ES to anyone looking to get out of a Lease Purchase agreement. Don’t wait to get caught in a heartbreaking situation like we did, call ES today!
Stay tuned for even more true stories of True Truck Ownership in upcoming issues of Spotlight News.

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

The Real Value of an ES Partnership

new expediter services logohenrys
After attending the EGG (Expediter Group Gathering) in May of this year,  Mick and Jennifer Henry took the Expediter Services Much Better Alternative (MBA) to truck finance and the Path to Ownership (PTO) the following month. They were revved up and ready to make the most of their new truck (a 2015 Cascadia they purchased from an individual) and their business by working for themselves with the support of Expediter Services. (read their earlier Spotlight story here). Little did they know that within a few short months, they really would need real support and real results from ES to save them time and money after being sidelined by a potentially expensive mechanical problem.
mba to finance a truck
According to Mick, the service shop wasn’t looking out for them. “We were just getting started on a refer load when our truck began acting like the clutch was going out. We nursed the truck into a service provider in Harrisburg, kissing the ground when we arrived. We went in, explained the situation and they promised they were going to “get right on it”. The shop, after three days of  giving us ever increasing estimates of between 8 to 14 thousand dollars — and no actual work being preformed, and telling us: “sorry, nothing’s covered under warranty”, we knew it was time to get help.”
path to ownership
As their situation deteriorated, the Henry’s called ES for support. “We decided to call Lee Burkhalter, our Service Coordinator at ES to see if all this sounded legit to him. He in turn contacted Michael Gatewood, ES Director of Maintenance, who after researching our problem found the charges to be way out of line.  Within the hour and with our approval Michael contacted Detroit Motors, who had a tow truck on site and yanked us out of that shop and took our truck to Penn Detroit, about 25 miles away. They started the diagnostics that very day, finishing the job the next day.  Turns out that it was an internal problem, causing the “one box” to fail and crack — to the tune of about $14,000. The beauty of it is, since it was an internal part that caused the problem, it was covered under warranty. Our only expense was the 300 dollar deductible plus towing charges. Which we gladly paid.”
never stand along
“We’d like to give Kudos to Lee and Michael at Expediter Services. If you’ve ever questioned the value of an ES partnership all you have to do is learn from our experience. It’s great to know that we have a resource like ES in our corner. Their expertise and willingness to help, plus their assistance with day-to-day operations makes ES an extremely valuable asset that easily pays for itself many times over. With ES you truly Never Stand Alone!”

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

From Lease Purchase Nightmare to True Truck Ownership Dream

new expediter services logo
October is an appropriate month for our latest Lease Purchase story involving Contractor Pam Ritche who lived through a true-life nightmare with scary maintenance costs and the horror of being caught in a Lease Purchase spider web with no support and virtually no chance to pay it off. Truly an appropriate subject for a frightening Halloween tale, except this one will have a good ending!
Unfortunately, this chilling narrative is common in the industry, where Lease Purchase agreements are easy to get into and extremely hard to make profitable. They are also set up to benefit the Leasee, not the Leasor. The ease of entry into Lease Purchase agreements make them a trick with no treat for the potential owner, as often there is little to no down payment, no credit requirements and minimum start up costs involved. Lease Purchases have a spooky downside including high payments, little to no support and the virtual impossibility of paying off the lease.

Luckily for Pam, she was able to get away from the Lease Purchase monster that had been keeping her from reaching her business goals when she got her MBA (Much Better Alternative) to truck finance and turned it into a not-so-scary PTO (Path to Ownership) through Expediter Services. Here’s her story of TRUE TRUCK OWNERSHIP.

SLN: Tell us about yourself?
I Started out five years ago as  a company driver with another firm and learned to drive with them. I drove there for about four years before weighing my options about owning my own truck. I got into a Lease Purchase through this company and took my Lease Purchase truck with me when I went to All State.

SLN: What made you want to get into a Lease Purchase Agreement?
Although I liked being a company driver, I wanted to be an owner and to have something that was mine that would allow me to make my own decisions. At the time, the Lease Purchase seemed like a good option.

SLN: Tell us about your Lease Purchase experience?
I went with a well-known Lease Purchase company and from the start it was a nightmare. They had a yard full of trucks that you go into to pick out your truck. All of the units were “as is” and it’s just awful. I wound up with a 2016 Freightliner Cascadia. I hadn’t had it two weeks and the clutch went out on it. The agreement said within the first thirty days they are supposed to fix these kind of problems. But they refused to honor it and I wound up having to pay $3,500 out of my own pocket to get it repaired. It was just a nightmare from the very start. I got absolutely no support from anyone. It was just terrible the way I was treated.
On top of that, even getting routine maintenance performed was a struggle. You had to fight with them every step of the way. It was exhausting and frustrating — it’s like they don’t want you to succeed. They just want to take your money. They also took money out of my weekly settlement as a maintenance fund and when I turned the truck back in to them, they kept it. I never saw a penny of that money.
I was in that Lease Purchase agreement for an entire year and if I hadn’t gotten the truck I’m in now through Expediter Services MBA (Much Better Alternative) to truck finance and taken the Path to Ownership (PTO), I would have returned to being a company driver instead of a true owner.
mba to finance a truck
SLN: How did you get hooked up with Expediter Services?
I’ve been with All State for five months now. They are a great company and I’m really happy being on-board with them. I brought my truck (and the Lease Purchase agreement) with me. About the time I signed on with All State as my carrier, they had begun working with Expediter Services to help support their operations through the ES family of companies. My recruiter asked if I might be interested in the ES (Much Better Alternative) to truck finance and Path to Ownership (PTO) since I was so unhappy with my Lease Purchase and my truck. It sounded like a great opportunity to experience true truck ownership, so I contacted ES to see what it was all about.
path to ownership
I peppered the ES team with tons of questions because I did not want to be stuck in a nightmare agreement again! My experience with Steve Kochensparger and Expediter Equipment Finance was professional and went smoothly. He answered all of my questions and he was so polite about it. That took some getting used to after what I’ve been through with my Lease Purchase, but it was a very nice change of pace. Danny Vernon, Expediter Truck Sales Manger was also polite and knowledgeable when it came to finding my truck: a 2017 Western Star with an 82-inch Stratosphere sleeper and a Carrier Comfort Pro APU. It’s very well appointed. The whole transaction went smoothly and I’ve been in the truck now for about three months.
It truly is an entirely different experience owning your own truck versus being in a Lease Purchase agreement. I know that I can actually pay off this truck and it will be mine. I’m just so excited about this great opportunity and being an owner is already affecting my bottom line for the better! And as a business owner, the support I get from ES is also a tremendous help. I know that if I call Lee Burkhalter, my Service Coordinator, he is there to help me. It’s so different from the whole Lease Purchase culture of no support. ES is actually there for you when you need them with insurance and fuel discounts and even back office support so I Never Stand Alone. Now that I have the ES team in my corner, I feel confident I can succeed.

Stay tuned for even more true stories of True Truck Ownership in upcoming issues of Spotlight News.

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

Making the Right Choice for True Truck Ownership

new expediter services logo
Recently, Spotlight News has shined the light on prospective Owner Operators who have abandoned Lease Purchases and gotten their MBA (Much Better Alternative) to truck finance through the Expediter Services Path to Ownership (PTO).

As you’ve no doubt noticed, there’s a theme that runs throughout each of our stories: Lease Purchase agreements can be fraught with risks for the Leasee as they are most definitely set up to benefit the Leasor.
jessemccolloughThe ease of entry into Lease Purchase agreements make them tantalizing to the potential owner, as often there is little to no down payment, no credit requirements and minimum start up costs involved. But as we’ve seen time and again, Lease Purchases have a downside including high payments, little to no support and the virtual impossibility of paying off the lease, just to name a few.
This week’s Spotlight highlights Jesse McCollough, an experienced Expediter who recently got his MBA (Much Better Alternative) to truck finance and parleyed it into a smooth running PTO (Path to Ownership) through Expediter Services. Here’s his story of TRUE TRUCK OWNERSHIP.

SLN: Give us some background about yourself?
I drove a truck in the military for eight years. When I left the service, I looked around for the right opportunity with a company that treats its people right. After going through a few different firms, I finally landed at Panther after a recommendation from a friend. I’ve been with them now for the past two years. Once I caught on to the Expediting way of operating, it’s been great and Panther is a wonderful company.

SLN: Tell us about you Lease Purchase experience?
My experience started with a Lease Purchase company, as I had plans to get onboard with a well-known trucking firm. But, that opportunity fell through. I decided to go ahead and get the lease anyway and got a brand new 2016 Freightliner Cascadia Evolution. I then went to work for a division of that same company I had looked at earlier.
Although the truck was new, it had some issues, but the company didn’t want to help me fix anything even though the truck was under warranty. Talk about no support! On top of that, every time I called them they were rude and disrespectful. I was down for a couple of weeks due to various problems and of course, the payments never stop. It made it very hard to get ahead, especially with the way they  treat you on a personal level.
I wound up leaving that company, that truck and that Lease Purchase agreement and went to Panther. I found another Lease Purchase company and got into a different Lease Purchase agreement. This next truck was also a 2016 unit but it was used. And man, was that truck dirty when I picked it up! The thing is, I really wanted to be an Owner Operator and I just made the best of the situation.
mba to finance a truck
SLN: What were the factors that made you look for a Much Better Alternative to a Lease Purchase?
There were several things actually. With the latest Lease Purchase company, they too were rude when I called them for help. Also, they take about $200 a week out of my settlement each week that went into a maintenance escrow account. But any time I needed work done on my truck, it was like pulling teeth to get them to use the money from my maintenance account to get my truck fixed or even perform routine maintenance.

After finally getting approval to have work done on my truck, they then dictated what kind of tires or parts needed for the repair or maintenance. It was like I had no true ownership. The way I look at it, that’s my money in my maintenance account and I should be able to use it how I please for my truck. I did not like the way this was structured at all. I wound up turning that truck in and drove for an owner at Panther. I still had money left in my maintenance account with the Lease Purchase company and I never did get that money back. They wouldn’t return it. After that I was done with the Lease Purchase thing.

SLN: How did you get hooked up with Expediter Services and their Much Better Alternative to truck finance and their Path to Ownership?
I’ve known about Expediter Services for a while because I know several Fleet Owners who have a number of straight trucks  operating under the ES umbrella of companies. I had also heard through the grapevine that ES was positioning itself to support the general trucking market. I spoke to someone with Panther who had taken the Path to Ownership and contacted ES myself to see what my options were for becoming a true owner.
path to ownership
SLN: Tell us how ES helped you take the Path to Ownership?
First I contacted  Danny Vernon at Expediter Truck Sales and asked questions about ES and about the process of buying my own truck. I also spoke with Steve Kochensparger at Expediter Equipment Finance and got into a real in-depth conversation with him about the finance process. It was important to me to know and understand every single aspect of the purchase because I did not want to get into the same problems I experienced with the Lease Purchases I’d been involved with in the past. They both were really helpful and were straight up with me about everything. It was a great change of pace to speak with people who treat you with respect and actually talk to you and show a real interest in your success and well being. Steve sent over the paperwork and everything was straight forward and completed in a timely fashion. The entire process was easy and efficient.

SLN: Tell us about your truck buying experience?
When I spoke with Steve Kochensparger I had mentioned that I wanted another Freightliner because I like these trucks very much. Danny Vernon had sourced one for me and suggested that i look at the Volvo 780 as well. I went to a Freightliner dealer and checked one out and was left a little disappointed. There were some things that I didn’t like about the new model. As Danny suggested, I looked at the Volvo and man, that truck was nice! After all these years as a trucker, I had never been in a Volvo. Also, I had never driven an automatic or had an APU. The Volvo had everything, a large factory sleeper and more, so that’s what I got and I love it. The APU (a ThermoKing TriPac Evolution) is great. It saves on fuel and is a terrific accessory.
In the short time I’ve done business with Expediter Services, I’ve developed a relationship with Steve and Danny, and I know if I have questions or problems with my new truck, I can call anyone at ES and get answers and real support. The contrast between true truck ownership through ES and a Lease Purchase is like night and day. I only wish I had taken advantage of the true ownership opportunities offered by ES a long time ago it would have saved me a lot of heartache and money.

SLN: What is it like being a true Owner Operator?
When I make payments on this truck, it’s going toward something that is actually mine. Unlike a Lease Purchase, I can truly pay off this truck and at the end of the agreement I can keep it or do whatever I want to with it because I will own it. I could never say that about a Lease Purchase. And when it comes to maintaining my truck, I make the decisions about equipment, not someone in an office somewhere who doesn’t really care about me or my business.
The benefits through the ES Owner Operator Program are helpful too. The Insurance and fuel card are a great savings and I don’t have to hassle with paperwork because ES takes care of that for me. I’ve been in my new truck for just over a month and I can already see the financial benefits of being an owner. I’m looking forward to truly working for myself with support from ES.
Stay tuned for even more true stories of True Truck Ownership in upcoming issues of Spotlight News.

 

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

Stepping Off the Lease Purchase Merry-Go-Round

new expediter services logo
We continue our series about how more and more contractors are moving away from Lease Purchase agreements and into a Much Better Alternative (MBA) to truck finance with Expediter Services Path to Ownership (PTO).
jonathanholdenokThe low barrier to entry with little to no down payment, no credit requirements and minimum start up costs make Lease Purchases an attractive proposition for the would be owner. But as you’ll see in our latest story (as indicitive of the growing trend), Lease Purchase agreements can be fraught with risks for the Leasee as they are most definitely set up to benefit the Leasor.

However, there is a solution to the Lease Purchase predicament that offers TRUE TRUCK OWNERSHIP. It’s called the Much Better Alternative (MBA) to truck finance utilizing the Expediter Services Path to Ownership (PTO). Just ask Jonathan Holden, a veteran contractor who recently got his MBA from Expediter Services to become a true owner.

Jonathan Holden’s Path to True Truck Ownership

SLN: How long have you been in the trucking industry?
I’ve been in trucking for just over thirteen years and in Expediting for seven of those years signed on with Panther as my Carrier. I made the move into Expediting because it afforded me a better opportunity to earn more money. It was the right career path for me.

SLN: How did you get started with Lease Purchases?
The reason I got into Lease Purchase agreements was because they’re easy to get into. I also had the opportunity to walk away from the lease. But at the same time I was paying a lot of money each week to be in it — a lot of money!
I’ve been in three Lease Purchases over the years. A friend told me about how easy it was to get into: no down payment and no credit check. As I said, they’re easy to get into, but you pay a price for the ease of entry into a Lease Purchase.

SLN: Besides having to pay exorbitant weekly payments for your Lease Purchase, what are some of the other downsides?
There are quite a few downsides actually. To start with, you’re almost an Owner Operator, but not quite because you don’t have full control and you never can pay off your truck. If you were ever able to actually pay it off you’d spend at least three times what the truck is worth. But in reality you probably will never pay it off. This makes it difficult and frustrating to be in one of these agreements. You feel like you’re signing your life away and at the end you’re left empty handed.
My weekly payment was high and of course it never stops, but the total true cost of ownership was extremely high. If you ever had a break down, you were really put into a bad position because there was no help or support. Since my Lease Purchase truck was used, it had a higher repair and maintenance cost and less fuel economy. On top of this, you can never go home and visit with your family because the payments stack up so quickly. If you do spend a week at home, you’re in the hole and playing catch up because of the inflated costs of the agreement. It’s a vicious cycle.
It was my desire to be an Owner and make my own decisions that ultimately got me into Lease Purchases. But the way they’re structured it’s virtually impossible to be your own boss and control your own destiny.

SLN: Speaking of being your own boss and controlling your own destiny, how did you hear about ES?
I called my representative at Panther to see what my options were for purchasing a truck. The lease purchase company I was associated with was having some major problems and were trying to change the rules, and I didn’t want to continue down this path. I went over the options for true truck ownership with true bank financing and ES was the best choice for me. So, I contacted ES and the rest is history.
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SLN: Tell us about the transaction of purchasing your new truck and finding the right truck for your business?
I contacted ES and spoke with Steve Kochensparger at Expediter Equipment Finance. I must have kept him on the phone for over an hour asking questions. I wanted to make sure I was making the right decision regarding the Path to Ownership.
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ES also asked me what kind of truck I wanted. I told them I wasn’t picky and wanted a truck with low maintenance that got good fuel economy. Danny Vernon at Expediter Truck Sales emailed me practically every single day a list of trucks that were available or that were coming in. There were many to choose from. ETS showed me the prices, features and options available for each unit. They were very thorough and as a result I knew exactly what I was getting. It was such a difference from getting a Lease Purchase vehicle. The Lease Purchase option really isn’t much of an option. You’re stuck with what they have and that’s it. The trucks I had been getting were used and cost me more than $40,000 a year in repairs. Not good!
Expediter Truck Sales found me a brand new 2018 Volvo 780 with a ThermoKing TriPac Evolution APU and a seventy seven-inch factory sleeper . I’ve been in the truck for over a month and it’s amazing! It gets great fuel mileage, I don’t have to worry about maintenance issues and everything is brand new — and it is a true ownership proposition with ES. It’s such a difference being a true owner of your very own truck. If you’re looking to become a true owner and step off of the Lease Purchase merry-go-round, you need to contact Expediter Services and get your MBA and take the true Path to Ownership (PTO).

Stay tuned for even more true stories of True Truck Ownership in upcoming issues of Spotlight News.

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

From Lease Purchase to True Truck Ownership

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For Drivers looking to become Owners, the Lease Purchase agreement has been a staple of the trucking industry for over a decade. Although these agreements are often risky and fraught with the potential of abuse for the Driver, the low barrier to entry with little to no down payment, no credit requirements and minimum start up costs make these offers attractive to many potential owners. Even though lease purchases have been easy to get into, the structuring of these agreements are stacked against the leasee.

Finally, there’s a solution to the perils of the Lease Purchase agreement that offers TRUE TRUCK OWNERSHIP. It’s called the Much Better Alternative (MBA) to truck finance utilizing the Expediter Services Path to Ownership (PTO). Just ask Steve Wilson, a seasoned contractor who recently got his MBA and put his PTO in high-gear to purchase his own truck.

Steve Wilson’s Journey to True Truck Ownership

Steve WilsonSLN: Give us some background on your experience in the industry?
I’ve been a truck driver for ten years and an Expediter, signed on with Panther as my Carrier for the past eight years. I’ve thoroughly enjoyed every minute of my career in Expediting because you never know what the next load may be or where it might take you. Thankfully I got associated with a good motor carrier like Panther at the start and our relationship has been very fruitful.

SLN: Tell us about your Lease Purchase experience?
At the time, one of the only options available to me was a Lease Purchase. It was simple to get into the Lease Purchase agreement, but it was a real hassle to have to travel to Indianapolis and then try to find a decent truck. The Lease Purchase company had available certain trucks that you could chose. I thought I was lucky when I got a 2015 Kenworth. The trouble with this situation is that you really don’t know what you’re getting. The company says they inspect it and DOT it, but I had some issues with the truck — and when you get out of warranty, the repairs are totally on you. I know this is also the case when you buy a truck, but with the Lease Purchase, you don’t have many options or control and most all of the trucks are used and some are used very hard. Not to mention that they don’t have APU’s creating even more issues.
Another downside is that you have a high payment for a used truck. This is the result of an inflated pay back which includes an extremely high cost of funds and added fees (total true cost of ownership is extremely high in a Lease Purchase).  Thankfully, I was in that agreement for only two years. There were other drawbacks, too, like the hassle of getting the truck back to Indianapolis and checking it in. Then I would have to fly home on my dime. As you can see, there are a lot of costs involved that came out of my pocket.
mba to finance a truck

SLN: How did you hear about ES and their MBA (Much Better Alternative) to truck finance?
I was having issues and concerns with my truck and problems with my overlying Lease Purchase agreement. I heard about Expediter Services who had solutions for my success. That’s when I called Jeff Tacker at ES. I learned about their support programs and discounts to help me run my business. I also talked to him about my desire to purchase a truck and be a true owner. I was really pleased with how they were able to help me find the truck that I wanted and everything has gone smooth ever since. This really was a Much Better Alternative.
path to ownership
SLN: Tell us about the process of purchasing your truck?
The Path to Ownership at ES was super simple. I filled out some paperwork for Expediter Equipment Finance and waited on a phone call to get approval. The unique thing about ES is that they look at the person, not just your credit score. They saw that I had a good track record as an earner and put their faith in me that I would be successful being affiliated with a good carrier under their program such as Panther. Things have been going smooth ever since.

ES also let me pick out the truck that I wanted. Danny Vernon, Expediter Truck Sales Manager was in touch with me throughout the process. I told him what I wanted and they found it, a 2018 Volvo 780 with a Thermo King Evolution Tripac APU. The brand new truck was delivered to me in Southaven, Mississippi, and I could not be happier. We’re in the process of delivering our third load in the truck and it’s going great.  Things are working out exactly as ES promised. I’m enjoying the perks of true truck ownership.
Stay tuned for even more true stories of True Truck Ownership in upcoming issues of Spotlight News.

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

Breaking the Chains of the Lease Purchase Agreement

new expediter services logo
For over a decade, the trucking industry has institutionalized the lease purchase agreement for drivers looking to become owners. In many respects, the lease purchase was one of the main options truckers could qualify for due to the demanding requirements stipulated by lenders.

Jeff Tacker, VP of Operations, Expediter Services

According to USA Today, these agreements have had varying success in regards to their effectiveness and the capability of the leasee to balance work load with their ability to pay off their “purchase”. In some instances, there have been abuses, with drivers being taken advantage of by the often unfavorable terms of lease purchase agreements.

The good news is that the market is beginning to rectify the shortcomings of these agreements. One company in particular, Expediter Services, is taking a leading role in providing a Much Better Alternative to lease purchase agreements with true ownership opportunities. ES Vice President of Operations, Jeff Tacker, shines the spotlight on how drivers can become owners through their innovative MBA (Much Better Alternative) to traditional finance and lease purchase agreements.

SLN: What is a Lease Purchase agreement?
In a nutshell, a lease purchase agreement is a binding contract set up as a lease with an option to buy or purchase a truck.

SLN: How did Lease Purchases become so widespread in the industry?
Lease Purchase agreements became pervasive for a number of reasons. First, these agreements represent a low barrier to entry for the driver with little to no down payment, no credit requirements and minimum start up costs. Couple this with a Carrier’s need for capacity and you have the perfect Lease Purchase storm.

SLN: What is the downside of Lease Purchase?
Unfortunately for the leasee, Lease Purchases suffer a high rate of failure. I’ve seen statistics that place the failure rate as high as 87%. Another interesting fact is that most Lease Purchases are structured to make their money on turnover, not stability. So, it’s set up with bad intentions from the start. Another downside is that usually once the company has a driver under contract, there’s a high potential for abuse that leads to treating the driver unfairly. It’s a system fraught with perils for anyone entering into these type of binding contracts.

SLN: Are all Lease Purchases bad?
I can’t definitively say that all Lease Purchases are bad. But I have yet to see a good one! I truly believe that when a driver is looking at a Lease Purchase it’s like they’re comparing which type of cancer is better to have. In the end, there really is no good choice until now.

SLN: How can someone in a Lease Purchase get relief?
path to ownership
If you’re in a Lease Purchase, give our team a call. We have partner motor carriers that are supported by our comprehensive owner operator program, which includes access to Expediter Equipment Finance. Drivers can enter into our PTO (Path to Ownership), which is the MBA or Much Better Alternative to truck finance. It’s the best relief in the market when it comes to getting the Lease Purchase monkey off your back (or the chains from around your legs).

SLN: Who can qualify for the ES PTO?
People with a good attitude, a good work ethic, an established work history with one of our proven partner motor carriers can qualify for our Path to Ownership. We’re always glad to help drivers become owners. It’s what we do every day.

SLN: What is true ownership?
True ownership means your name is on the title. With ES, we understand that your truck is your business and we believe in being up front and transparent about every aspect of getting you into the right truck for your application. When new owners have utilized our Owner Operator program, coupled with one of our partner carriers, the success rate of ownership has been over 98%.

SLN: What sets ES apart when it comes to purchasing a truck?
Since 2006, ES has built a family of companies, including: Expediter Management Services, Expediter Insurance Services, Expediter Equipment Finance and Expediter Truck Sales, to support independent contract drivers, owner-operators and fleet owners. This means ES is here to support you at every level, so you Never Stand Alone. No other company in the transportation industry brings together the resources to create economies of scale and back office support to help you succeed like we do.
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SLN: How does someone begin the process of transitioning from a Lease Purchase into the ES PTO?
All you have to do is contact our team at 877-349-9303 or visit us on the web a expediterservices.com. We can help you start your Path to Ownership right away.
 
SLN: Compare and contrast the Lease Purchase versus the ES PTO (Path to Ownership)?
To put it simply, there really is no comparison to the ES Path to Ownership and Much Better Alternative to truck finance, and the contrast could not be greater. We offer true truck ownership — and ES actually wants you to succeed! Call us today to get started on your Path to Ownership.

Thanks, Jeff, for helping us understand Lease Purchase agreements and how ES can help drivers into the position of real truck ownership. Break the chains of your Lease Purchase by calling the ES team today at 877-349-9303.
Stay tune to hear about success stories of owners who broke the chains of Lease Purchase agreements with ES’s Path to Ownership and MBA (Much Better Alternative) to truck finance.

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

The Numbers Equal Success

new expediter services logo
2017 is shaping up to be a good year for freight. According to a recent Morgan Stanley Dry Van Truckload Freight Index, freight has been plotting upward since the beginning of March, pointing to the second highest freight volume in the last ten years, with the exception of 2014 — and the trend is showing no signs of slowing down in the near future.

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David Richardson & Todd Cowart

Good freight is a leading economic indicator and as a result, people are giving Expediting a hard look as an investment for the future. A good example of this growing micro-trend is business partners David Richardson and Todd Cowart, two CPA’s from Tuscaloosa, Alabama who recently chose to add an Expediting position to their investment portfolio by purchasing two reefer units: one signed on with, FedEx’s White Glove division, the other signed on with Panther’s Elite Service Division. Here’s their story by the numbers.

1. Background

According to Richardson, the journey into Expediting was a process using his knowledge as a CPA focusing on small business, tax accounting, corporate structure, capital and management. “About seven years ago I decided to put my money where my mouth was because I  advise small businesses (mom and pop businesses, doctor’s offices, moving companies, small trucking corporations) on what I think they need to do to better their bottom line. I felt like I had grown enough in my career to be able to handle a secondary job. I got into the moving business and operated several moving companies in Florida, Alabama and California. As a result I traveled a lot, taking me away from my family much more than I wanted. Over the past year, I sold all of these businesses and began to look for opportunities that would allow me to use my fleet management background to find a business that would allow me to stay at home with my family, while making a good return on my investment.”

2. Due Diligence

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Richardson and Cowart teamed up and began searching for the right business model to use their skill sets and accounting knowledge. Their due diligence paid off when a mutual friend connected them with FedEx Custom Critical. “I’m a big believer in performing due diligence when it comes to business and didn’t want to rush into just any business opportunity. Todd and I teamed up and through a mutual connection and we reached out to FedEx. We were intrigued with their business model and made the trip to Ohio to meet with them. We also kept hearing about a company called Expediter Services, so we decided to do our due diligence and check them out too.”
“We were soon on the phone with Jeff Tacker, Vice President of Operations at Expediter Services and Danny Vernon, Sales Manager at Expediter Truck Sales,” said Richardson. “After several phone conversations and gathering information from the ES website the time was right to pay them a visit. We drove to the ES offices, met the people and toured the facility. After all of this research I felt that ES was the right fit for us to get into the industry regardless of the carrier because of their backbone of support. Even though I felt confident with what I knew about fleet management, I would have a team to bounce things off of if needed, because there’s safety in numbers!”

3. Action

Richardson and Cowart soon put their business plan into motion by purchasing two reefer units to start a fleet that attacks freight from two directions. “We bought a 2014 custom Cascadia with a Bolt custom sleeper from Expediter Truck Sales with about 260,000 miles on the clock. We also bought a new 2017 Cascadia with a Bolt custom sleeper from Stoops. Our plan is to operate the 2017 unit under FedEx’s White Glove TVAL division. The enhanced credentials of operating a White Glove fleet makes a lot of sense because we aren’t limited to dry freight. We can take practically any type of load. It’s very much like being a doctor with a specialty. Also, in order to expand our footprint and mitigate risk, we will run our 2014 unit under Panther Expedite’s Elite Service Division. We should start operations in the next couple of weeks. We’re excited to see the results of our due diligence and efforts,” Said Richardson.
eef small logo“We also utilized Expediter Equipment Finance for both trucks. After looking at a number of lenders, at the end of the day Expediter Equipment Finance had the best terms hands-down out of everyone else we talked to. The process went smoothly and it was convenient having all of our transactions handled under one roof.”

4. Rationale

When asked why now was the time to invest in the Expediting segment of the trucking industry, Richardson said its all about the opportunity and the numbers. “Freight is one of those things that are always necessary and will always be necessary. As the economy picks up, so does freight in practically every business sector. We live in a society where the expectation is we “want things now” and there’s a sense of urgency to everything, so to me, Expedited shipping falls right in line with this philosophy. I looked into a number of different segments of freight and Expediting is a specialized niche with a lot of room for growth with higher profitability. The numbers just looked right.”

ES is working for You!

Call us at 877.349.9303 and Never Stand Alone.

Please visit us on Facebook.

Contact Our Team at 877-349-9303