How To Start A Trucking Business

How Do I Start a Trucking Business?

There are many businesses that can be started from home with a small investment. Perhaps the most unique of these is owning your own truck and operating it as a business. As an independent owner-operator, you get to set your own hours and working conditions. While also enjoying the benefits of operating your own company. However, if you’re looking to start a trucking business, there are a few things you need to know. 

In this comprehensive guide, we will explain everything you need to know about starting a trucking business. Including the best reasons to start a small business in the first place, why trucking is a lucrative business opportunity, the different jobs available in the trucking industry, how to actually start a trucking business, and much more.  

The Best Reasons to Start a Trucking Business

There are many reasons to start a small business. Some of the most common reasons include being your own boss, setting your own hours, and having great income potential. People who choose to become independent owner-operators enjoy all these benefits. 

You are your own boss, controlling your finances and working conditions. Plus, you get to set your own hours and work whenever you want to. This allows for a much more flexible lifestyle than working for someone else. It can also be a great option for parents who need flexibility in their schedules. 

Also, as the owner of the business, your earning potential is nearly unlimited. If you put in the work and seek out clients, you’ll be able to make a very good living. Probably much more than you imagine is possible right now. 

Let’s look at some the benefit of why your should start a trucking business in more detail. So that you can understand these perks a little bit better.


One of the main reasons to start a trucking business is to become self-employed. A self-employed individual is responsible for paying their own taxes, insurance, and benefits through their own company. This is opposed to being an employee who gets a salary and benefits from an employer. Being self-employed can be extremely rewarding, but it also comes with some risks. 

When you start a small business, it will cost you money upfront. This means you will need to have enough saved up to cover all expenses until you start making a profit. That said, you will be your own boss, accountable only to yourself and your clients. This is a huge quality-of-life upgrade that most independent truck drivers really enjoy.

Work Your Own Hours

Another great advantage of working for yourself is the flexibility in your schedule. You are free to work when you want, where you want, and with whom you want. If you have children or other dependents, you can choose to work full-time or part-time. You can also choose to take time off for vacations, sick days, or any other reason you might need. Best of all, you won’t need to run your decision by anybody else because you are the boss. 

However, although you can work whenever you want, you will need to work enough to generate a consistent income. If you don’t work enough, you won’t be able to pay your bills. A large part of being self-employed is learning how to manage your time and striking the perfect work-life balance. That said, as an independent small business owner, you will eventually be able to enjoy much more time off than would ever be possible if you were an employee working for somebody else.

Great Income Potential

Starting trucking business can also be an excellent way to attain financial security because you have more control over your income than if you were working at a normal job as an employee. If the company you work for decides to cut your pay or lay you off, it will affect your financial situation. But if you own your own business and have a steady stream of customers, you will always have a way to earn money. 

There are many types of small businesses that have high earning potential. Trucking is one of them. The demand for truck drivers is projected to grow as the economy expands. Therefore, trucking is expected to be a very lucrative business opportunity for many years to come. As the owner of a trucking company, you will probably be your very first driver as well. But in time, you will probably want to expand and hire other drivers while you oversee the client side of things. But we’ll come to that. 

Trucking is a Lucrative Small Business Opportunity

If you’re thinking of starting a small business, then you’re probably considering a few different industries and wondering which ones offer the best opportunities. After all, not every business is equally profitable, and some are more challenging than others in terms of the capital required, the time required, and the amount of stress involved with starting the company.  

Rest assured that the trucking industry is a great choice and has become an extremely lucrative small business opportunity for savvy entrepreneurs. In addition to its low entry cost and favorable demand outlook in the coming years, there are many other reasons why this industry offers a lot of potential for those willing to invest in getting started.

Why You Should Start a Trucking Business

The trucking industry is a lucrative small business opportunity for many reasons. The first is the low entry cost of starting a trucking company. To start a trucking company, you’ll need to invest in a small fleet of trucks and employ a few drivers. Although the upfront cost may be significant, the average capital required to get started is low compared to other business models. This is especially true if you decide to finance your first truck rather than purchasing it outright. 

The second reason is the urgent demand for qualified drivers in the coming years. The trucking industry is expected to face a shortage of nearly 200,000 drivers over the next decade. As such, the demand for truck drivers is expected to continue to rise as the economy grows and online shopping becomes more prevalent. This means that there will be lots of money to be made as a truck driver in the decades ahead and even more money to be made if you own a trucking company. 

But as is the case with any business, if you’re thinking about starting up an enterprise, then it’s important to be familiar with the ins and outs of the industry. So, let’s look at an overview of the trucking industry, examine the pros and cons of operating a trucking business, and see what insights we might be able to discover. This way, you’ll be able to make an informed decision about whether a trucking business is really the right choice for you.

Overview of the Trucking Industry

The trucking industry is massive. It involves the operation of trucks and other large vehicles on roadways for the purpose of transporting goods and materials from one location to another. It’s one of the largest industries in North America and supports more than 8 million workers across Canada and the United States. 

The need for truck drivers will only continue to grow as technology continues to advance, resulting in a shortage of qualified drivers. In the coming years, the demand for truck drivers is expected to exceed 1 million people due to an aging driver population, increasing adoption of autonomous driving technology, and an increase in e-commerce deliveries. 

With that in mind, let’s look at a couple of key statistics and answer a few important questions you may have about the trucking industry and the day-to-day responsibilities of a truck driver. We’ll also give some insight into what it takes to run a successful trucking company and what a normal day might look like for an independent owner. 

What is the Job Outlook for Truck Drivers?

There are more than 3 million truck drivers in North America, and the vast majority of these drivers work for for-hire trucking companies. The job outlook for truck drivers is expected to grow exponentially by 2026, which is much faster than most other industries.

That said, the job outlook varies significantly according to the size of the company in question. This is because larger companies have a higher demand for truck drivers since they typically have more commercial trucks on the road at any given time compared to smaller companies. 

All things considered, the outlook is very favorable up to 2026 and even for the foreseeable future beyond that, making now the perfect time to start working as an independent truck driver or, even better, to start up your own trucking company. 

How Much Can You Earn If You Start A Trucking Business?

The average truck driver’s salary for an entry-level driver is about $40,000 per year, but this varies significantly based on your employer, experience, and the types of routes you’re driving. 

With a few years of experience, you can expect almost double this. Something in the neighborhood of $60,000-$80,000 per year is fairly standard for an experienced long-haul driver working full-time. 

Owner-operators with their own clients and truck can easily earn six figures a year; it really just depends on your clients and how much time you want to spend on the road. Much like with any other business, you’ll get out of it what you put in.

How to Start A Trucking Business

Different Jobs in The Trucking Industry

Trucking is an interesting and complex industry. Depending on the type of truck you drive, and the company where you work, your job as a truck driver can come with various responsibilities, duties, and challenges. If you’re interested in pursuing a career in the trucking industry, it’s important to know about the different types of jobs available. 

From entry-level positions to management roles and everything in between, there are a variety of opportunities for those looking to work in this field. Depending on where you live and your career goals, there are many different paths that lead to working as a driver in the trucking industry. 

Let’s go over a few of the most common types of truck driving positions so that you can decide what type of trucking business you want to start.

Long Haul Freight Drivers

Long-haul freight drivers are responsible for driving their shipments from one end of the country to the other. These drivers spend a lot of time on the road and typically have to adhere to strict deadlines when it comes to getting their load to its destination on time. Depending on the company, a driver may be required to make certain stops along the way to pick up or drop off other loads. This type of driver usually has a set schedule and typically drives during daylight hours. When it comes to pay, long-haul truckers usually make more than short-haul drivers.

Short Haul Freight Drivers

Short haul drivers usually make local deliveries within a certain region, typically within 100 miles of their start and end points. While both long-haul and short-haul drivers often have set schedules and have to adhere to tight deadlines, short-haul drivers often work nights, weekends, and holidays. Short haul drivers often make less than long haul drivers, but the difference in pay isn’t drastic.

Dump Truck Drivers

Gravel or dump truck drivers haul dirt, aggregates, and other materials used to build roads and other types of construction projects. Dump truck drivers often work with a crew and have to make sure their truck stays stocked with the appropriate amount of material for each project. Dump truck drivers make sure that their truck is loaded within the weight limit and that the load is evenly distributed. This means that the weight is evenly distributed throughout the truck bed.

Tanker Drivers

Tanker drivers haul chemicals, fuel, and other hazardous materials. If you drive a tanker, you might have to have special training and licensing. It’s important to understand the different regulations and restrictions associated with the type of material you transport. Tankers are often required to have a placard on the side of the truck that shows the type of hazard being transported. This helps other drivers and law enforcement officials recognize the load being hauled in the truck.

Flatbed Haulers

If you’re driving a flatbed, you haul large, bulky items that don’t fit in a truck bed. This could include furniture, appliances, large pieces of construction equipment, or other large pieces of cargo. Flatbed drivers often have to pick up and drop off their load at the shipper or the shipper’s location. If you drive a flatbed, it’s important to have a designated securement system to secure your load. Your load could be anything from furniture to construction equipment, so you have to make sure it stays in place while you’re driving.

Dry Van Haulers

These type of trucks haul just about anything, although they typically transport dry goods such as food, clothing, and other non-hazardous materials. As a Dry van hauler, you typically pick up their load from a shipper, transport it to its destination, and then drop it off at a receiver. Dry van drivers often have a set schedule and work a regular work week. This type of driver often makes less per mile than other types of truckers.

Automotive Haulers

Automotive haulers haul cars and other vehicles. This type of trucking job often requires special training and licensing, and the company you work for may have special requirements when it comes to the type of vehicle you use. Automotive haulers typically have to load and unload their vehicles at a shipper or receiver. This type of driver may have to work nights and weekends to accommodate the pick-up and drop-off times of the shippers they work with.

Truck Driver Instructor or Trainer

If you enjoy teaching others, a truck driving instructor or training position might be the right fit for you. While you might not be on the road hauling loads all the time, you still get to be a part of the trucking industry. Truck driving instructors and trainers work at truck driving schools or training facilities.

This is a great profession for those who want to work in the trucking industry but don’t want to be on the road all the time. Working at a driving school allows you to help new drivers get their licenses and start a career in the trucking industry. You can share your knowledge and experience with new drivers, and you can help them feel more confident when it comes to the road and the classroom portion of their training.

How to Start a Trucking Business

Now that you know about all of the different types of truck driving and you’ve decided on one that seems perfect for you, you’ll need to actually start up the business, and there is a lot involved with starting a small business. The trucking industry is no exception to this. 

So, let’s go over everything you’ll need to do in order to launch and grow a successful trucking company. 

Gain Some Experience Behind the Wheel

If you’re new to the industry, one of the best ways to start your trucking business is to get some on-the-road experience. You can do this by applying for a job as an entry-level driver or company driver. During your time as an entry-level driver, you can focus on building your skills and gaining experience under your belt. Once you have enough experience under your belt, you can focus on growing your business from there. 

Another option is to apply for a company driver position at a logistics company that might be hiring. These companies often hire experienced team drivers to drive for them. This will give you the opportunity to work with a variety of different loads and customers. Plus, this will also give you the opportunity to earn a solid paycheck while you’re waiting to launch your own trucking business.

Create a Detailed Business Plan

Now, before you finance your first truck, you need to have a detailed business plan. This will help you to understand the industry and your specific niche, as well as give you a clear path to follow as you grow your trucking business. Your business plan should include information about your industry, your competitive advantage, your company, and your finances. 

You should also include a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats), which will help you identify potential issues and opportunities in your business. When it comes to finances, you’ll need to have a strong understanding of your expenses, profit margins, and revenue projections. This will be very important when you’re trying to secure financing for your business.

Finance Your First Truck

When you start your trucking business, you’ll need to finance your first truck. The good news is that trucking is a very capital-intensive industry, which means there are lots of opportunities to finance. Here are a few different financing options you can explore when you’re getting started:

Bank Loan

If you’re starting a trucking business, you may be able to finance your first truck with a bank loan. However, this type of loan is difficult to get and will generally come with high interest rates. Plus, in most cases, you’ll need to put down a significant amount as collateral. And if you miss a payment, you could lose your truck. 

Commercial Loan

If you’re planning to start an operation that involves specialized equipment, such as a refrigerated truck, you’ll likely need to go with a commercial loan. These loans are designed for larger operations and are available from commercial lenders. Like bank loans, a commercial loan can be difficult to secure. They will almost always have a very high interest rate. 

Finance Your Truck

In most cases, the best option for securing your first truck will be financing. Financing allows you to get your truck right away and spread the cost out over many years. This way, you won’t need to come up with a huge down payment. Another benefit of financing is that, in most cases, it is not required to produce collateral. This is often the easiest way to get a loan. Especially when you work with a company that specializes in financing the transportation industry, such as Equipment Finance Canada. 

Find Some Clients (or Sub-Contract)

Once you’ve secured financing for your first truck and have some driving experience under your belt, you can start to find some clients to subcontract with. Sub-contracting is a common practice in the trucking industry; you’ll provide your services to another trucking company that has clients and a need for drivers. 

Finding sub-contracting work is easy. All you have to do is start calling companies and asking if they have sub-contracting opportunities. The best time to start looking for sub-contracting opportunities is as soon as you start trucking. You can keep a list of companies that have work available and then start calling them when you have time. 

Another option is to search for your own independent clients. This is more lucrative, and you’ll make more money when you secure the clients yourself. However, there is a lot of work that goes into finding clients. So, as a new business owner, your best bet will almost always be to work as a sub-contractor, at least while you’re learning the ropes. Once you have some experience, you will almost certainly make connections with clients, which will open doors for your company.

Expand by Financing a Second Truck

Once you’ve established yourself in the industry and developed a solid customer base, you can start to expand your business by financing a second truck. This will allow you to take on more work and bring in more revenue. Furthermore, financing a second truck will enable you to collect a better rate of return on your assets. You can do this by applying for a loan on a truck title loan. Truck title loans are like car title loans in that you use the truck title as collateral. 

Alternatively, you can stick with what is already working for you and finance your second truck. The process is easy, and it will be even easier if you’ve already paid off the first truck that you financed when you started up your company. Again, we highly recommend that you contact Equipment Finance Canada, as they are specialists in this industry and have helped thousands of people get financing for first and second trucks. They can even help you finance an entire fleet if you qualify. 

Build a Team of Employees

As your business grows and you start to hire more employees, you’ll want to get a copy of the employee handbook. This will help you to lay out all the rules and regulations for your employees and will provide a guide for you to follow as you manage your team. You’ll also want to make sure to get workers’ compensation insurance coverage. This is a type of insurance that every employer should have. It provides coverage for employees who get injured on the job. 

Having coverage will protect you and your employees in case of injury. Finally, you should also get a general liability insurance policy. This type of insurance provides coverage if someone gets injured while on your property or while using your equipment. Having coverage will protect you in case someone sues you because of an accident.

Keep Investing in Your Business

As your business grows, make sure to keep investing in it. This can include investing in new equipment, expanding your customer base, and hiring new employees. Keeping up with industry trends and staying on top of new technology will also help you to stay successful. 

Additionally, you should try to network with industry professionals, such as trucking company owners and other truck drivers. By leveraging relationships with these individuals, you may be able to get advice, references, and more work as your business grows.

Equipment Finance Canada Can Help!

Equipment Finance Canada is the premier source for transportation industry financing. The application process is quick and easy; all you need to do is get in touch with a representative at EFC, explain your situation, and go over some details about the type of business you’re looking to start. After providing a few documents, you can be approved for financing for your first truck almost immediately. 

As your business grows, Equipment Finance Canada can help you expand by financing your second and third trucks as well. They can even finance an entire fleet if you qualify for that sort of lending. By starting off with your first truck, you’ll be able to build up a payment history with EFC so that even if you don’t qualify for fleet lending right away, you may be able to get that sort of financing at some point in the future when you’re ready to expand. 

So, if you are ready to launch your business in the trucking industry, then be sure to get in touch with Equipment Finance Canada Today. 

Equipment Leasing Transportation

The Cost of Purchasing A Semi Truck

What is the cost of Purchasing A Semi Truck in 2022?

When it comes time to purchase your next commercial vehicle, there are many factors to consider. One key question you might have is about the cost of purchasing a semi-truck. After all, commercial vehicles aren’t cheap. 

Depending on the make and model of your new truck, the cost of purchasing a semi will vary widely. Fortunately, with a little research, you can get a good idea of what to expect from your next purchase. 

The good news is that we have already done that research for you, and in this article, we will go over everything you need to know in order to purchase your next new or used semi-truck. 

In this guide, you will learn how much a semi-truck costs, the additional expenses involved with buying a semi, whether you should buy new or used, how much most semi-truck drivers earn, and much more. 

How Much Does it Cost to Purchase a Semi Truck?

This is a tough question to answer, as it depends on a few factors. One factor is the make and model of your semi-truck. Next, it depends on the condition of the truck you choose. Some manufacturers list their models as “drivable,” while others state they are “as is” or “where is.” 

That said, some good general guidelines can be helpful when purchasing a new semi. As a very basic rule-of-thumb, a high-end semi-truck, such as a Peterbilt or a Kenworth, should cost around $200,000+ if purchased new or around $175,000 used. A mid-range model such as a Freightliner, International, or Volvo truck will be cheaper and can often be found for around $150,000 new or $100,000 used. 

However, you also need to consider the other expenses involved with buying a semi-truck. This includes such things as the purchase price of the truck, taxes, and the cost of using it. If you buy a used truck, you should also factor in the cost of repairs.

Other Costs When Purchasing a Semi Truck

When you purchase a new vehicle, you won’t have too many expenses. However, there are some unavoidable expenses associated with owning any semi-truck. 

First and foremost, you will need to make sure you have enough fuel to run the truck. Some trucks require a lot of fuel to operate, while others only require a few gallons at a time. It’s a good idea to have a set amount of money for fuel while you’re on the road.

Of course, you will also need to have a license to operate the vehicle. Training and licensing vary in price, but generally speaking, if you don’t already have a license, you should budget around $10,000 for training and licensing. Make sure you also clear your calendar for the training and testing. 

Next, you will need to insure the vehicle. Insurance for commercial highway trucks isn’t cheap. You’ll need to shop around and get a few different quotes before making your decision on an insurance policy for your semi. For an average truck driver with an average truck, you’re looking at between $2000 – $18,000 per year for insurance. 

Finally, don’t forget about the taxes. When you purchase a truck, whether it’s new or used, you will need to pay tax. It’s important to keep in mind that the tax rate is not based on the purchase price but rather on the truck’s book value. So, remember to inquire about the taxes before finalizing your purchase. 

Should You Purchase a New or Used Semi Truck?

The short answer to this question is that it really all depends on your budget. Used trucks will almost always be cheaper to buy upfront. However, new trucks are usually less expensive in the long run because they require fewer repairs and are typically covered under warranty. 

Regardless of whether you decide to buy new or used, there are a few things to consider before making your purchase. 

First, you should make sure the model you choose fits your company’s needs. This might mean that your next purchase is a bigger model. Or it might mean that you choose a different model. 

Next, you need to make sure that your chosen truck is profitable. Remember, some models are more profitable than others. You should always do a lot of research on your truck’s profitability before you make a purchase.

To help you with that task, we have compiled a list of pros and cons associated with purchasing both new and used semi-trucks so that you can decide which option will be best for you, your business, and your budget.

The Pros and Cons of Buying New vs Used

Keep in mind that there may be additional benefits and drawbacks of buying both new and used semi trucks. However, this list details the biggest advantages and disadvantages of each option. 

The Pros of Buying a New Semi Truck

  • New trucks have the latest technology
  • There is a large selection of new trucks to choose from
  • New trucks come with a large warranty
  • New trucks are often cheaper to operate than used trucks
  • New trucks are more profitable than used trucks

The Cons of Buying a New Semi Truck

  • New trucks cost more upfront
  • The taxes will be higher with a new truck
  • New trucks are more expensive to insure

The Pros of Buying a Used Semi Truck

  • Used trucks are cheaper upfront
  • Used trucks can be a good investment
  • Used trucks have lower taxes

The Cons of Buying a Used Semi Truck

  • Used trucks may need expensive repairs
  • Used trucks are less fuel efficient
  • Used trucks cost more to operate

As you can see, the best option is usually to buy a new semi truck rather than a used one. But, if you do your homework, shop around, and get lucky, you may be able to find a profitable used truck that doesn’t require many repairs for a good price.

Consider Leasing or Financing Your Semi Truck 

One thing to remember about purchasing a semi-truck is that it will cost a lot of money. However, you can often lease the truck or finance the purchase. These options allow you to get a new or used semi truck without paying the full amount upfront. 

Of course, if you have the money to purchase your new truck outright, then that is probably the best option. But new trucks are expensive, and most people don’t have a few hundred thousand in cash on-hand to purchase a semi. 

Leasing and financing are great alternative options that can help you get the truck you need today and spread the cost out over the course of several years.

The Benefits of Semi Truck Leasing

For those who don’t want to take on the financial risk of financing a truck, leasing a semi-truck can be a good alternative. With a lease, you have the security of knowing your costs of purchasing a semi truck. At the same time, you don’t own the truck and don’t have to worry about driving it off the lot. Should the need arise to buy a truck, you can simply end the lease and walk away. 

There are also a number of other benefits to leasing a semi-truck. First, the lease payments usually include maintenance and fuel. This means you’re getting a truck with fewer out-of-pocket expenses. In addition, since you’re leasing the truck and not buying it outright, you don’t have to pay any taxes on the purchase price. This can help you save thousands of dollars over the lifetime of the truck.

The Benefits of Semi Truck Financing

The downside of leasing a truck is that you don’t own the asset. If you choose to finance your truck, you do own the truck, but you pay for the purchase over time. Typically, you will pay a small percentage of the value of the truck each month until it’s paid off, at which point you are free to sell the truck or do whatever you want with it.  There are a number of advantages to financing a truck over owning it. First, you don’t have to worry about maintenance and fuel expenses. This can help save you money in the long run. Plus, financing a truck can help you save a considerable amount of money on taxes. Most truck drivers choose to finance their semi-trucks, but leasing can sometimes be a great option.

The Benefits of Semi Truck Financing and the cost of purchasing.

Being a Truck Driver is a Good Career

Truck driving is a good career if you are looking for a job that pays well and is flexible. Truck driving can be rewarding in terms of both money and experience. A lot of drivers are self-employed, so they can work when they want to. 

While there are some disadvantages to being a truck driver, such as long hours and difficult weather conditions, it’s worth considering if you want to earn a consistent income while being your own boss and travelling across the country or continent.

How Much Can Truck Drivers Earn?

The salary of a semi-truck driver will vary depending on the type of trucking you choose to do, your experience, and the company you work for. Depending on these factors, the salary for a semi-truck driver can be upwards of $100,000 dollars per year, or even more for owner-operators. 

Of course, this is assuming a long work week. It’s also important to note that you won’t see these wages right away. New truck drivers will start off with a lower salary while they are still in training, and it could take several years before they have the experience required to earn the highest rates in the industry. 

That said, it’s not unreasonable to expect that you will be making a six-figure income after only a few years, as long as you are willing to put in the work and the long hours behind the wheel. 

Common Expenses of Truck Drivers

Keep in mind that there are some expenses associated with truck driving, such as insurance and maintenance. You’ll also have to factor in the cost of fuel, as well as new tires and any repairs that may be needed from time to time.  

In addition to these expenses, you’ll also be responsible for your vehicle payments. Depending on the type of truck you choose to drive, this can amount to thousands of dollars every month. However, the vast majority of truck drivers are able to pay for these expenses and still make a good amount of profit. 


Truck driving is a good career that allows people to work flexible hours and earn a great amount of money. However, in order to get started, you will need a truck. Semi-trucks are expensive. So, what are the cost of purchasing a semi truck? Depending on the age, make, and model, you could be looking at $200,000 or more for a new semi. This is why it makes sense to either finance or lease your truck. 

If you decide that you want to finance a semi-truck, then Equipment Finance Canada can help. Equipment Finance Canada works with people who need to acquire industrial equipment, such as semi trucks, and offers great financing options with low-interest rates. So, if you want to get into a brand new or gently used semi today, then be sure to contact Equipment Finance Canada

Equipment Leasing Transportation

Top 5 Semi trucks in Canada 2022

Breaking down the Top Semi Trucks in Canada for 2022

Choosing a semi-truck can be difficult as numerous brands are on the market. Whether you are looking to lease a semi truck or out right buying one, it is essential to carefully select the right brand to manage costs and avoid frequent breakdowns. Are you buying for yourself as you transition from a company driver to owner-operator? Or are you buying with plans to hire a driver? 

Whatever the reason, we will evaluate the 2022 top five semi-truck brands in Canada: what makes them unique from others and how Equipment Finance Canada can help you with truck leasing and financing in Canada. They are:

  1. Peterbilt
  2. Kenworth
  3. Volvo
  4. Freightliner
  5. International

1. Peterbilt

Peterbilt is a leading global semi-truck manufacturer launched in 1939 in Denton, Texas. Although it is a subsidiary of Paccar Inc., Peterbilt has built a formidable clientele that depends on the comfort and quality of its products. It has positioned itself at the forefront of the next generation of transportation technology because it utilizes innovative technology to save fuel, identify or diagnose problems quickly, etc. 

With Peterbilt, driving a semi-truck does not have to be a Herculean task. So if you are looking to have a fun, adventurous, and rewarding journey while riding a truck, Peterbilt is your best shot.


  • They can last between 750,000 to 1,000,000 miles with proper care and regular maintenance. 
  • Peterbilt is an advocate of comfort-behind-the-wheels. They produce the most enjoyable trucks for over-the-road truck drivers.


  • They consume less fuel compared to other truck brands 
  • Peterbilt semi-trucks last longer compared to other brands. 
  • They experience fewer mechanical issues.
  • Highly durable with fair resale values.  
  • They are less prone to corrosion as they have aluminum bodies.
  • They have the most oversized, well-ventilated sleeper cabs compared to other semi-trucks. 


  • Most used Peterbilt semi-trucks are susceptible to increased mileage.
  • Buying a Peterbilt truck is more expensive than other truck brands. But you can consider leasing.
  • The cost of repairing and maintaining a Peterbilt truck is relatively expensive. 

2. Kenworth

Founded in 1923, the company specializes in manufacturing medium-duty and heavy-duty (Class 8) trucks for commercial purposes. Following its partnership with Toyota in 2019, Kenworth now has trucks that operate with hydrogen fuel cells with zero emissions. 

Kenworth trucks are specifically built to guarantee drivers’ comfort with sleeper cabs ranging from 70 to 86-inch and an in-built infotainment system to help drivers remain active through a long ride. Going for a Kenworth truck is an excellent choice, especially If you want to get something similar to Peterbilt without breaking the bank.  


  • Kenworth trucks have stainless steel parts that help them function under any weather or road conditions. 
  • Minimal fuel consumption.
  • Newer models have driver assistance systems like adaptive cruise control to help drivers stay active.


  • They have some of the best engines on the market. 
  • Kenworth trucks are durable with fair resale value.
  • They are very fuel-efficient.
  • They are more affordable when compared to Peterbilt trucks.


  • Sleeper cabs are smaller than other semi-trucks. 
  • Some of their truck models have been recalled for life-threatening issues. 

3. Volvo

Volvo is one of the top-performing semi-truck brands in Canada and globally. The brand manufactures unrivaled luxurious truck designs with aesthetically pleasing sleeper cabs and extra amenities for drivers. Volvo has also added telematics data to its features, allowing smooth communication between Volvo semi-trucks on the road. 

Most models can remotely diagnose problems and run tests before, during, or after a trip. Overall, using a Volvo truck for commercial or personal purposes is less tasking, as most functions are automated. 


  • They are ideal for over-the-road truckers. 
  • Volvo trucks are aerodynamic and fuel-efficient.
  • They use up-to-date technologies to help drivers manage their trucks well. 


  • They are more spacious when compared to Kenworth trucks.
  • They prioritize driver’s safety via the remote diagnostics system.
  • Volvo trucks have a three-point seat belt for heightened safety, unlike other trucks.
  • Fairly durable.
  • The sleeper cab in Volvo trucks can comfortably house two people.


  • They are highly prone to frequent breakdowns.
  • Most parts of Volvo trucks are pricey and difficult to find.
  • Poor resale value when compared to other truck brands.

4. Freightliner

The Freightliner Company owns some of the top-performing trucks in Canada, including heavy-duty and medium-duty trucks for commercial purposes. Freightliner’s engines produce nearly 600 hp and about 2,050 lb-ft of torque. Freightliner trucks also come with inbuilt facilities to aid drivers’ safety when an accident occurs, such as steering wheel airbags and an optional lifeguard seat, making it stand out from other trucks. 


  • The Detroit Powertrain is one of the best and most efficient systems on the market.
  • Freightliner semi-trucks have safety tools for drivers: a radar system on the bumper for better monitoring and a camera installed on the windshield. 
  • They have manufacturer-approved maintenance plans. 
  • The sleeper cabs can function with natural gas, making them more fuel-efficient than diesel-enabled trucks. 


  • Freightliner trucks have better steering and handling than other semi-trucks.
  • They are among the most affordable trucks on the market. 
  • Freightliner prioritizes drivers’ safety more than any other brand.


  • They are unsuitable for long rides.  
  • Some models are susceptible to mechanical and electrical problems.
  • They have poor engine capacity.

5. International Trucks

The International Corporation is one of the oldest semi-truck companies, dating back to 1902. Apart from semi-trucks, they are also known for making school buses, motorhomes, etc.


  • The newest models have advanced security features. 
  • They are customizable, unlike other truck brands. 
  • International semi-trucks are durable and safe for long-haul driving.


  • International has one of the largest dealer/manufacturer networks compared to other brands. 
  • They have fuel-efficient engines and are suitable for commercial purposes.
  • High resale value.


  • Most older models experience electrical and mechanical problems.
  • Poor customer service.

Getting a Semi-truck in Canada

Learning about these trucks without having to use any of them is disheartening. We understand that purchasing or leasing one comes with a considerable price. That is why Equipment Finance Canada is here to help you access any highway truck of choice via the available semi-truck leasing options. Our forte lies in helping existing and new truck owners lease equipment needed to start or grow their new or already-existing businesses, respectively. 

Equipment Finance Canada is also one of the top financing companies recognized in Canada. We specialize in simplifying the equipment financing process in different sectors, including agriculture, transportation, construction, etc. We also have access to leading certified banks, financial institutions, and trusted private lenders across Canada.