Virtual trucking company CloudTrucks has rolled out Road to Independence, a program for experienced drivers looking to transition to owner-operators.
The company has partnered with Premier Truck Group, CrossRoads Leasing and OTR Leasing to create lease-to-own programs to help drivers get the equipment needed to start their own trucking businesses, something CloudTrucks co-founder and CEO Tobenna Arodiogbu discovered can be difficult for company drivers to navigate themselves.
“Most of us in Silicon Valley were focused on the driver shortage problem and how to automate the vehicle. But then you talk to the owner-operators and all of the problems they were facing in the business of trucking and that’s when I thought, ‘What if we just built a product to help owner-operators with the business aspects of trucking?’” Arodiogbu told FreightWaves.
Arodiogbu said he met with a number of drivers and began to realize there were so many areas new owner-operators have to navigate — everything from compliance to permits to maintaining positive cash flow.
One of his most eye-opening experiences came in talking to Chad Boblett, a veteran, experienced driver and the moderator of the largest Facebook trucking forum, Rate Per Mile Masters. Chad had years of driving experience, and at the time of meeting Arodiogbu, was finding it difficult to transition to his own business.
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