Mission Financial Blog
Used Truck Prices Continue to Skyrocket in 2021 – Here’s Why
The market for used trucks has hit one of its highest points in history—with no sign of slowing down. ACT Research reported that in March the average used Class 8 truck brought the third-highest price on record, jumping to $52,388 per sale from $43,791 just a year...
How Will the American Rescue Plan Benefit the Transportation Industry?
Most Americans know the American Rescue Plan as the $1.9 trillion government act that brought with it an additional $1,400 stimulus check for those who qualified. While the payments were an important part of the act, the American Rescue Plan also included funding for...
6 Tips for Financing a Food Truck During a Pandemic
What You Need to Know About Food Truck Financing The food truck industry grew steadily between 2014 and 2019 as these mobile restaurants became a trendy way to serve different cuisines to a hungry clientele. In fact, the industry grew 6.8% year over year during that...
5 Common Tax Myths Debunked
Tax season is here, bringing the usual avalanche of tax-related questions. While truck drivers do not need to be experts in the tax code, certain tips and tricks can make this time of year a little less painful—both for your wallet and your mental health. Let’s look...
Parking Shortage: An Unexpected Problem for Truckers
The COVID-19 pandemic has increased attention on the already growing need for more truck parking as trucking advocates push for federal funding to alleviate the problem. The need for safe truck parking existed before the pandemic, fueled largely by the electronic...
How the PRO Act Could Affect Owner/Operators
In early February, Democrats in both the House and Senate reintroduced the Protecting the Right to Organize (PRO) Act, an ambitious pro-employee and pro-union bill that could dramatically impact the trucking industry. In what has been called the most “significant...
Buying vs. Leasing a Semi-Truck: An Owner Operator’s Guide
Owner/operators are in the position to make important business decisions that impact their future success. Your semi-truck can either be the means to your financial gains or a detriment—which direction you go depends on the choices you make around your truck. When it...
Looking Ahead: The Possible Changes in 2021 Resting Hour Requirements
It’s looking like 2021 could be a year of significant change for the trucking industry. New presidential leadership, advancements in technology, and a shortage of drivers create a unique landscape conducive to exciting industry updates. The start of these changes...
Are Truckers Included in the Third Vaccination Group?
We have officially passed the grim one-year mark since the first COVID-19 case was diagnosed in the United States. Since then, the trucking industry faced massive unemployment for a period of time and now faces a shortage of drivers due to several pandemic-related...
How Owner/Operators Can Prepare for Tax Season
After a very long year, the 2021 tax season is upon us. As an owner/operator, properly filing your tax return is crucial to the success of your operation. Navigating the increasingly complex tax code can be arduous, though. Multiple deadlines, numerous deductions, and...
