Whether you're a small carrier or one listed in the Transport Topics 100, Cobalt's Convoy Finance Program allows your company to take greater control of the quality of owner-operators and equipment they lease-on, while relieving your company of the time and financial burdens often associated with managing them.

Carriers, to learn more, please contact Scott Cohen at:

• 847-967-2552
• scott.cohen@cobaltfinance.com

To apply for credit, use our online credit application.

Improve Driver Commitment

Driver retention is a challenge for every carrier. Our program will minimize driver turnover by creating meaningful financial considerations for the owner-operator to move to another carrier. Cobalt also finances major equipment repairs for drivers to prevent financial hardship and provide them with the opportunity to stay on the road.

Qualify for Higher Quality Equipment

Drivers can qualify for better quality equipment than their credit history might otherwise allow. The advantage is that better quality equipment breaks down less frequently, which keeps the owner-operator on the road making money for the carrier. This creates less disruption to route scheduling, which translates to higher satisfaction from not only the carrier’s customers, but its drivers as well.

Hire Superior Drivers

All drivers want good, reliable equipment, but many do not have the financial means to obtain such trucks. Good drivers are incented to work for a carrier that offers them higher quality equipment than what they could finance on their own. Therefore, if a carrier can offer drivers the opportunity to finance more valuable equipment, it will attract better drivers.

Use Outside Capital

The Convoy Finance Program enables the carrier to grow its business without the expense of adding costly equipment. This lets the carrier allocate capital for
other purposes.