CR England Girl

If you’re interested in becoming an owner operator, one of your biggest decisions is whether to purchase your own truck or lease one through a reputable carrier.  While there are certainly advantages to both, most drives opt to lease a truck since it does not require the money for a tractor trailer outright.  Here’s a basic overview of how a lease program works.

With most carriers that offer a leasing program, drivers can get a new or used truck with little or no money down.  Typically, a driver agrees to set aside a certain amount (7 cents a mile under the C.R. England tractor leasing program) into a general reserve account to cover maintenance, insurance, and other costs throughout the lease.  The driver pays a specified amount towards the lease per week or month depending on the type of equipment being used.  At the end of the lease, most drivers have the option to renew the lease, purchase the truck outright, or simply walk away.  In most cases, the carrier providing the lease has an abundance of resources available to owner operators to help support them as much as possible.

So how does C.R. England’s Tractor Leasing Program work?
• There’s no down payment or credit check required.
• Choose from a 36 month lease on a new truck or a used truck lease which ends when the truck is three years old.
• C.R. England also offers a six-month demo lease program which allows you to lease for just six months to help you determine if becoming an owner operator is right for you.
• Pay per week for the lease depending on whether you have a new or used truck.
• C.R. England provides independent contractors with a C.R. England fuel card and pay $1.25 with the company’s Fuel Cap program.

Click here to learn more about C.R. England’s Tractor Leasing Program to find out if it’s right for you!

More than 150 different businesses, manufacturers, and organizations have formed the Alliance to Keep U.S. Jobs, a coalition formed to urge Congress and the Obama administration to resolve the continuing trade dispute between the U.S. and Mexico.  The ongoing conflict has hampered the U.S.’s ability to sell more than $2 billion worth of manufactured and agricultural products destined for south of the border.   Many of the alliance’s members are in industries that are being subjected to tariffs placed by Mexico’s Government (Mexico has said the tariffs will not be removed until the U.S. reinstates the cross-border program).

Two of the country’s largest truck stop chains, Pilot and Flying J, have entered a preliminary merger agreement which would allow Flying J to emerge from Chapter 11 bankruptcy protection.   The agreement states that all of Flying J’s creditor obligations will be paid in full and Pilot has agreed to pay $100 million in financing for Flying J’s operations.  It is not yet known if the Flying J locations will remain under that name or be re-branded as Pilot.  Pilot has more than 350 travel plazas and truck stops nationwide while Flying J has 212.