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Bad factoring deals trap truckers

March 22, 2022

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Some specific financial companies are preying on small motor carriers, trapping them into factoring deals and agreements that can be very financially damaging – and impossible to get out of. We’ll find out what’s happening and how to handle it from Jim Jefferson and Tom Crowley of OOIDA’s Business Services Department.


Listen to our full show

Some specific financial companies are preying on small motor carriers, trapping them into factoring deals and agreements that can be very financially damaging – and impossible to get out of. Also, the St. Christopher Truckers Relief Fund has a program called “Rigs Without Cigs.” There are a number of decisions you need to make after getting a ticket. One of the first should be calling an attorney. Next is whether to fight it. And physical damage coverage isn’t required by law, so you might feel inclined to say no when your insurance agent asks if you want it. But there are reasons to have it.


Rigs without Cigs

The St. Christopher Truckers Relief Fund has started a program called “Rigs Without Cigs.” We’ll hear from the fund’s health and wellness manager, Julie Dillion.


What do you do first when you get a ticket?

There are a number of decisions you need to make after getting a ticket. One of the first should be calling an attorney. Next is whether to fight it. Jeff McConnell and James Mennella of Road Law explain.


Physical damage – not required, but probably necessary

Physical damage coverage isn’t required by law so you might feel inclined to say no when your insurance agent asks if you want it. But you’ll think twice after hearing from the experts from OOIDA’s truck insurance department, who tell us which physical damage policies are worth it.


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Links, email addresses, phone numbers and more information

  • The St. Christopher Truckers Relief Fund is offering the Rigs Without Cigs program to help truckers quit smoking. You can register for the program at the St. Christopher Fund website.
  • If you have problems with a factoring company or want advice, call OOIDA Business Services at 816-229-5791.
  • You can get more information from Road Law here or send an email here.
  • Find out more about OOIDA’s Truck Insurance program here.
  • As OOIDA leads up to its 50th anniversary, they are looking to document members. That includes why they are part of the organization, and why it’s important to them. Stop by the main OOIDA booth at MATS and let someone there know you’d like to make a testimonial. That’s at the center of the back of the North Wing.
  • OOIDA is hosting a town hall meeting at MATS at 1 p.m. Friday, March 25, in room C108 to discuss current issues in the trucking industry. All truckers are welcome.
  • Find out how to listen to Land Line Now on TNC Radio.
  • You can donate to the Truckers for Troops fund all year.
  • OOIDA has an online resource to provide access to information needed to operate in the coronavirus pandemic. Click on the COVID-19 menu at the top of the page on the Land Line Media website.
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