December 10, 2020No Comments

Buy vs Lease a Truck?

Buy vs Lease Truck is one important decision future owner-operators must take. Both options offer benefits as well as drawbacks. There are many different situations that apply to different people. Always keep in mind that a truck is a tool for work first, and a vehicle second. Potential business owners should consider the job at hand to make the best choice.

Buy or lease trucks

Lease a Truck

If you are starting your trucking career, leasing a truck makes sense or you if lack good credit. It does not require a significant down payment, and the monthly or weekly amount is generally smaller than that of a loan. The driver will own the truck, as the lease agreement ends. There is a type of lease where a downpayment is required. Monthly payments are generally low because the balloon payment at the end of the contract matches the value of the truck at the time. For example a 10 percent down payment on a $130,000 vehicle with $2000 per month for 60 months and a balloon payment of $24,000 at the end. This is a sweet deal for a new truck if you plan to keep and use it for longer than five years.

The most common lease is directly through a trucking company. Weekly payments will be deducted from the driver's check. A required down payment of around $5000 will be needed. It shows good money management skills and establishes good faith. It also allows for lower weekly payments.

Find out more about our $0 down payment Lease Purchase Program

Maintenance under lease

Drivers are responsible for the maintenance of the trucks unless the lease is from Ryder or Penske. These two companies charge between $0.12 and $0.20 per mile for regular maintenance. This, however, does not include accidents and or incidentals. If you hit a deer or a rock cracks the windshield, repairs come out of your pocket.

Buy a Truck

When a future owner-operator purchases a truck and finances it, the bank takes the title as collateral for the loan. The driver owns the vehicle, and like in the lease (unless the lease is from Ryder or Penske) all responsibility for the ownership falls on him.

Advantages

Financing a loan is a cheaper option. Also since the driver is the owner, he can build some equity in the truck. If the market is strong, an owner-operator can make extra principal payments towards the loan, thus paying it off early and saving on interest.

Disadvantages

Drivers need a credit score of over 630-650. That puts those with less than perfect credit at a disadvantage. The higher your credit score, the better the interest rate on the loan will be.

Many banks require down payments when credit history is an issue. Ten percent is standard, but some will only ask for five. Almost any lender will agree to finance a truck driver with 20 percent cash in pocket. Putting down a substantial down payment secures lower monthly payments that won't put a toll on the driver when the market is slow.

A major factor in improving the odds of financing a truck is the previous owner-operator experience. Many banks will deny even 20 percent down payments if the future truck owner cannot provide past truck payment history. That is probably the main reason why many drivers start off with a lease. Experienced truck drivers are not necessarily experienced business owners, and banks know that. Previous owner-operator experience shows knowledge of how to manage a business and offers banks more security.

Lease a truck from Logiflex and we will take care of everything for you!

April 9, 2020No Comments

Tips for Truckers During the COVID-19 Pandemic

Trucking during Covid19

 

To Those Who Keep The Supply Chain Going Strong,

 

From all of us at Logiflex, we hope that you are staying safe and healthy amidst the COVID-19 pandemic. No matter where you live or where you travel to, the pandemic carries a heavyweight that we all feel. We would like to thank truck drivers and all those who are working tirelessly to keep the supply chain going strong and providing essentials to countless people. We know this time is challenging, which is why we put together some tips that can help you manage your mental health even on the front lines of delivery.

 

Ways to Manage Mental Health During the COVID-19 Pandemic

 

 

Set Limits on News Intake and Rely Only on Trusted Sources. 

You should limit the amount of time you spend watching, reading, or listening to the news. While it is essential to stay informed, too much exposure can cause more feelings of panic and fear. Even during this pandemic, when things change on a day-to-day basis, you must limit yourself. Try only watching news reports in the morning for 15 minutes or listen to updates during your lunch break. As for the information you are taking in, use reliable sources to obtain information. The Center for Disease Control (CDC)World Health Organization (WHO), or any local government news outlet are the best options for getting the most accurate and up-to-date information.

Recognize What Triggers Your Anxiety.

It is normal to feel emotional distress in the middle of all that is happening. There are high levels of uncertainty, and news changes daily. Emotions such as stress and anxiety can present themselves in some ways – even fatigue. It is essential that as a truck driver, you recognize your triggers for distress and take time for your mental health even while on the road.

 

Get Plenty of Rest. 

Common signs of high-stress levels, panic, and anxiety are fatigue, muscle tension, and difficulty resting. These physical symptoms can be paired with cognitive issues such as confusion and decreased concentration. It is crucial that truck drivers are well-rested and focused while they drive. Take the time to ensure that the sleep you get is quality sleep and that you are getting enough, if not more, rest than you usually would. Sleep will help your mind stay sharp and out of panic mode and will help keep your immune system healthy.

 

Be Prepared and Stay Educated. 

As a truck driver, you visit many public places and are suspectable to germs. Initiate healthy and preventive measures like the proper hand-washing techniquesneezing, and coughing etiquette, and if you have any pre-existing medical conditions, talk with your doctor about how you can best take care of yourself.

 

Get Set-Up With HealthiestYou.

Logiflex provides our drivers with HealthiestYou, an app that allows you to instantly connect with a doctor by phone or video 24/7 – all with a $0 copay. During the COVID-19 pandemic, this is a great resource that allows you to receive the medical care you need while on the road or even when you are at home. You can talk with therapists on the weekends by phone and video, which is another significant step for taking care of your mental health right now. HealthiestYou also allows you access to the lowest-cost prescriptions at pharmacies nearest to you. If you do not already have an account set up, you can start here.

 

Take Time For Things You Enjoy. 

You must allow yourself mental breaks to do the things that make you happy. Even if it is just a walk around the truck stop, getting exercise can help you fight off the sense of fatigue that comes with stress. Phone a loved one, get out in nature and enjoy fresh air, or watch your favorite TV show. Whatever it is you enjoy doing, making these things a priority will make your mental health a priority as well.

It is an uncertain and stressful time for everyone, but we must take care of our mental health to cope with the uncertainty. For more information on ways to manage anxiety and stress during the COVID-19 pandemic, check out the CDC’s article on dealing with the pandemic, or read these science-based tips to handle Coronavirus anxiety. Logiflex would like to thank again everyone who has dedicated themselves to delivering essentials and keeping the supply chain running strong amidst the chaos.

July 12, 2019No Comments

Operation Safe Driver Week July 14th-20th

Operation Safe Driver Week

I was recently reminded of Operation Safe Driver week and wanted to share what I read. The Commercial Vehicle Safety Alliance’s annual Operation Safe Driver Week is a few days away! July 14-20th are the dates to be exact. This year safe driver week will have a focus on speeding. Law enforcement officers will be looking for speeders during the week but also endorsing, promoting and supporting the message: “Late won’t kill you, speeding will.”

In addition to speeding, law enforcement will be looking for other dangerous driving behaviors. These include distracted driving, texting, failure to use a seatbelt, following too closely, improper lane change, reckless or aggressive driving, failure to obey traffic control devices, evidence of drunk or drugged driving and more.

Nearly 11,000 citations were issued to truck and bus drivers last year. Law enforcement pulled over or inspected more than 42,000 commercial vehicle drivers during 2018’s Operation Safe Driver Week. They issued 10,709 citations and 29,908 warnings for unsafe driving. The top five citations issued were for violations of state and local laws (6,008 citations), speeding (1,908), failing to use a seat belt (1,169), failure to obey a traffic control device (754) and using a handheld phone (262).

To word everything more simple here is what you should do:

  1. Wear your seatbelt!
  2. Pay attention to the road and stay off your cell phone or anything that can be considered a distraction.
  3. Keep a safe distance between you and the vehicle in front of you.
  4. Use the proper signals when changing lanes or making turns.
  5. Do NOT drink and drive or drive under the influence.

February 4, 2019No Comments

Is Amazon using Self-Driving Trucks?

As we all know, technology is advancing rapidly. A self-driving truck made by Embark was recently spotted on the I-10 with the Amazon logo. Is Amazon making driverless trucks? To simply answer the question, no they are not making self-driving trucks. However, they are using self-driving trucks made by Embark. Although neither company would comment on it CNBC discussed the event in Amazon is hauling Cargo in self-driving trucks developed by Embark. For those of you who are not aware Embark is a freight company hauling autonomously from Texas to California.

“This is the first time someone has demonstrated this end-to-end," Embark CEO Alex Rodrigues says.

 "Embark moves freight for a number of major companies on the I-10, however, we cannot discuss any company specifically as our relationships are confidential." Embark CEO Alex Rodrigues says.

 

In October 2018, the National Highway Transportation Safety Administration issued its updated AV3.0 policy, which has helped autonomous vehicle firms such as Embark figure out how to test their technology before driving on public roads and which rules they need to comply with to stay there.

 

A driver shortage currently plagues the trucking industry. A lack of available drivers and trucks poses a challenge to e-commerce companies. Including Amazon, whose customers expect deliveries in a relatively short time.

https://youtu.be/3yPMxV11KaA

Expect to see more autonomous trucks in circulation in the U.S. soon.

January 25, 2019No Comments

Diesel Anti Gel: Why you should use it!

Diesel Anti Gel

There’s a lot of upsides to diesel fuel. More vehicular power, greater fuel economy, but Read more

January 11, 2019No Comments

Women In Trucking: Why you should choose truck driving as a career!

Women In Trucking: Why you should choose truck driving as a career!

The trucking industry is the lifeblood of the U.S. economy. The for-hire trucking industry is facing a shortage of drivers. When we talk drivers we think of men who mostly dominate the industry. However, times are changing and trucking jobs for women are becoming a popular career option. So, if you are a woman considering a job in the trucking industry now is the best time to get behind the wheel. The industry needs qualified truck drivers and women have a huge advantage in expanding the job pool. Not to mention, it is predicted that there will be a shortage of 175, 000 drivers by 2024. Let's take a look at some of the reasons why being a woman driver in the trucking industry is the route to go!

Income Potential

Pay is based on mileage, hours or percentage of load. So, this means men and women are paid the same. Of course with the exception of having certain certifications such as HAZMAT or tanker where one might potentially earn a bit more for having those extra qualifications. These factors are not influenced by age, ethnicity or gender. Not only is the pay equal but its also fair! According to the US Bureau of Labor Statistics, the median annual income for truck drivers is $43,503.

Job Security

With the shortage of truck drivers across the nation, those who do well may enjoy the satisfaction of job security. The ATA says the shortage of drivers will increase drastically in the next decade. That means that truck driving jobs are likely to grow by five percent in the next 10 years. Also, no matter where you live or if you want to relocate, it's always possible to get a job.

Benefits

Benefits add so much more value to the trucking career package! Of course, a steady paycheck is great and provides a piece of mind as well, but let's discuss the awesome benefits this career provides. Health insurance, retirement plans, and performance pay are just a few of the extras many trucking companies provide for their employees.

Freedom

If you like flexible schedules, meeting new people, seeing new things and scenery every day, being your own boss, then trucking would be perfect for you! No need to clock in, attend long meetings, report to a boss, sit behind a desk, answer emails and deal with office politics! As an OTR driver, you will see all the beautiful sunrises and sunsets from the inside of your modernized truck. Truck driving is a noble profession and an American way of life. We know that you’ll enjoy the freedom that truck driving gives you.

 

January 8, 2019No Comments

Bridge Law/Federal Bridge Law: What you should know!

   What is the Federal Bridge Gross Weight Formula?

 Truck drivers and department of transportation officials use The Federal Bridge Law Formula to determine the appropriate maximum gross weight of trucks. Truck axle weight limits by state vary. The formula is part of federal weight and size regulations regarding interstate commercial traffic also known as Bridge Laws. Preventing heavy vehicles from damaging roads and bridges is highly important.  Allowable weight depends on the number of axles a vehicle has and axle spacing. There are many axle spacing diagrams out there. An axle is a rod around which a wheel moves or rotates. Any kind of vehicle with wheels uses some kind of axle for those wheels to rotate on.

History of Federal Bridge Gross Weight Formula or Truck Axle Weight Limits by State

First, let's take a look at how this formula originated.  It started in 1913, only four states enacted the formula. Eventually, by 1933, all states had some form of truck weight regulation. Then, the Federal-Aid Highway Act of 1956 instituted the first federal truck weight regulation.

Formula Law

  In fact, weigh stations check each vehicle's gross weight and axle weight using a set of in-ground truck scales.

w=500\left({\frac {\ell n}{n-1}}+12n+36\right)
  • w = maximum weight in pounds that can be carried on a group of two or more axles to the nearest 500 pounds (230 kg)
  •  = spacing in feet between the outer axles of any two or more consecutive axles
  • n = number of axles being considered

As a matter of fact, the axle groups must comply with the bridge formula.

For example, the figure below shows the most common vehicle checked for compliance with weight limit requirements.

Although, the Bridge Formula applies to each combination of two or more axles, experience shows that axle combinations 1 through 3, 1 through 5, and 2 through 5 are critical and must be checked.

More importantly, any two axles must comply with the results of the formula. The axle groups 1–5, 1–3, and 2–5 are most critical. Indeed, this truck is not in violation of the formula.

Penalties

Penalties for violating truck axle weight limits by state varies, as the states are responsible for enforcement and collection of fines. To learn state specific fine amounts contact the Department of Transportation.

NOTES:

1. Axles are measured to the nearest foot between the extremes on any group of two or more consecutive axles.

2. Gross weights for 5 and 6 axle vehicles apply to combinations only.

3. Two consecutive sets of tandems may carry 34,000 pounds each providing the overall distance between the first and last axles of such consecutive sets of tandems is 36 feet or more.

4. Also, if the distance between the centers of the first and third axles in a group of consecutive axles does not exceed 96 inches, the group is a tandem.

5. So, the maximum weight of any single axle is 20,000 pounds and the maximum weight of any tandem is 34,000.

6. To compensate for these weight restrictions, some tractors have a fifth wheel (also called as "slider"), that can slide forward or backward on the tractor frame. This sliding motion shifts and balances the trailer's kingpin weight put on each axle without moving the cargo around. Sliders let you adjust the wheelbase in order to be in compliance with the bridge law.

© 2018 Logiflex Inc

Blog / trucking

Buy vs Lease a Truck?

Buy vs Lease Truck is one important decision future owner-operators must take. Both options offer benefits as well as drawbacks. There are many different...

→ Read More

Tips for Truckers During the COVID-19 Pandemic

  To Those Who Keep The Supply Chain Going Strong,   From all of us at Logiflex, we hope that you are staying safe...

→ Read More

Operation Safe Driver Week July 14th-20th

Operation Safe Driver Week I was recently reminded of Operation Safe Driver week and wanted to share what I read. The Commercial Vehicle Safety...

→ Read More

Is Amazon using Self-Driving Trucks?

As we all know, technology is advancing rapidly. A self-driving truck made by Embark was recently spotted on the I-10 with the Amazon logo. Is...

→ Read More

Diesel Anti Gel: Why you should use it!

Diesel Anti Gel There’s a lot of upsides to diesel fuel. More vehicular power, greater fuel economy, but

→ Read More

Women In Trucking: Why you should choose truck driving as a career!

Women In Trucking: Why you should choose truck driving as a career! The trucking industry is the lifeblood of the U.S. economy. The for-hire...

→ Read More

Bridge Law/Federal Bridge Law: What you should know!

   What is the Federal Bridge Gross Weight Formula?  Truck drivers and department of transportation officials use The Federal Bridge Law Formula to determine...

→ Read More