Overdrive

July 2012

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Helen Johnston, owner of Pittsburgh-based Honor Trucking, curtailed all discretionary spending for the 13 months it took to finish payments on her 2003 Peterbilt 379. She switched carriers to Dana Transport and now pulls a liquid chemical tanker with the rig. Master the credit game With some lenders warming up to owner- operators, don't miss the chance to improve your rating and save thousands of dollars in interest payments. BY LUCINDA COULTER 38 OVERDRIVE JULY 2012 2003 Freightliner Columbia. Shortly after he purchased the truck through his S carrier, its $1,400 monthly payment got to be too much. It didn't help that he was trying to pay off a credit card balance that had grown at 21 percent when he worked as a company driver for three years and job-hopped after his first go-round at owning a tractor. Diamond, now leased to Marten Transport, listened to financial advice, made an effort to run more miles teve Diamond hoped his second attempt at being an owner-operator would work. But in 2009, the 54-year-old native resident of Mansfield, Ohio, had to scramble to keep a

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