The Playbook

Adam Wingfield Thursday, November 6, 2025

What Midland’s $5 Million Write-Off Teaches About the Next Phase of the Trucking Slow Down

Trucking’s pain is spreading beyond freight rates and diesel prices — it’s now hitting the banks. In its third-quarter earnings release, Midland States Bancorp revealed that trucking industry woes triggered $5 million in equipment finance charge-offs for the quarter, prompting the Illinois-based lender to walk away from equipment financing altogether. That decision wasn’t made lightly. […]

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Adam Wingfield Thursday, November 6, 2025

Operating Ratio 101 – The Small Carrier Metric That Tells the Real Story About Your Profitability

Most owner-operators know how to figure out what it costs to run their truck — that’s your breakeven point. But there’s another number that rarely gets enough attention in this industry. It’s the one that lenders care about, the one that successful fleets track religiously, and the one that separates guesswork from control: Your Operating […]

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