Greatwide Logistics Services, a Dallas-based third-party logistics provider, has launched a program designed to help qualified employee drivers become successful owner-operators. Greatstart focuses on providing opportunities to company drivers who have limited or damaged credit capacity but otherwise have good safety records and work histories.
Under the structure of the program, the owner-operator acquires equity in the truck during the course of the lease period. By paying off or financing the balance of the note at the end of the Greatstart term, the driver becomes a full-fledged owner. Alternatively, the driver can choose to exit the program at the end of the Greatstart term with no further obligation.
In order to maintain a lease, drivers either must continue to be a Greatwide owner-operator or be able to meet the usual credit qualification criteria. Unlike some other equipment leasing services, the Greatstart program does not generate lease or equipment sales revenue, according to the company; it focuses on combating the industry’s ongoing shortage of owner-operators.
For more information on Greatstart, call (800) 687-2055 or go to www.greatwide.com.
