Work Truck Logo
MenuMENU
SearchSEARCH

American Truck Group & National Truck Funding to Provide 100,000 New Truck Driver Jobs

GULFPORT, MS - Sad as it may be, one of America's leading exports has become jobs. However, the trucking industry is different. By some reports, the trucking industry is suffering from a shortage of 200,000 drivers.

by Staff
February 15, 2012
3 min to read


GULFPORT, MS - Sad as it may be, one of America's leading exports has become jobs. To satisfy investors, Corporate America is outsourcing hundreds of thousands of jobs in order to cut expenses and keep profits rolling in. Customer Service has moved to the Philippines, loan processing to India and manufacturing to China.

Ad Loading...

It may be the irony of all ironies. We export jobs overseas to boost domestic profits. But when we cut our workforce we diminish the consumer base and the consumer's ability to consume. Less consumption leads to lower sales, less profits and further motivation to cut even more jobs. It's like a snake eating its own tail. Eventually, the snake bites off its own head.

Ad Loading...

The trucking industry is different. By some reports, the trucking industry is suffering from a shortage of 200,000 drivers. A growing population and a 15-percent increase in online commerce is simply creating more freight than the current supply of drivers can haul. The result is, higher freight costs are putting the brakes on economic recovery.

It seems like an easy problem to solve but when we asked Louis Normand, CEO of the National Truck Funding, why not just hire more drivers? Normand responded saying, "it's gotten to the point where it's more cost effective for big fleet managers to contract with owner operators than it is to take on drivers as employees." He went on to say, "That's a real problem."

In this era of tight money and strict lending regulations, it is nearly impossible for a would-be driver to get a big rig financed. New, these rigs can run in excess of $125,000 and a good previously-owned rig for less than $50,000 is rare. In either case, both are tough to get the bank to lend against.

Enter American Truck Group. Twelve years ago, Normand, then one of Mississippi's larger big truck dealers, set out to deal with this problem. He said, "I decided if I couldn't sell them a truck I would rent them one." Twelve years later, Normand operates the largest rental with purchase option trucking fleet in the country called National Truck Funding.

With numbers 500 strong and a newly expanded infrastructure to immediately accommodate 700 more trucks, Normand says, "the rental with purchase option model could easily expand. Now it's just a matter of establishing partnerships with other sales and service facilities around the country to expedite the strategy." He went on to say, "the model is proven, the model works and with the right partnerships in place, there's no reason the rental with purchase option model can't one day put 100,000 new drivers and rigs on the road."

Ad Loading...

When asked what the biggest obstacle is to overcome now, Normand said, "It's still money. Someone has to own the mortgage on the truck." Because the rental with purchase option model doesn't fit a typical commercial loan profile, the regulation-riddled commercial lending industry is less than accommodating. But Normand says, "it didn't stop me from getting this far and won't stop me from going further." Having patched together some private lending sources and smaller lines of credit from local banks, National Truck Funding is prepared to grow at a rate the money supply permits. "I can be patient," he said. "Last I heard, you can't outsource a truck driving job."

More Operations

A fleet manager views Fleetworthy’s RADAR Insights dashboard on a computer monitor, displaying fleet statistics, toll expenses, vehicle violations, bar charts, and AI-powered analysis of operational data.
Operations•by News/Media Release•November 6, 2026

Fleetworthy Unveils RADAR, an Embedded AI Layer Powering Smarter Fleet Decisions

A new artificial intelligence layer inside Fleetworthy Toll Management turns toll data into instant answers and proactive insights, with weigh station bypass, compliance, and safety enhancements next.

Read More →
Work Truck Exchange 2026 participants pose together in several rows inside a ballroom.
Operations•by Lauren Fletcher•November 3, 2026

Fleet Conversations and Connections at Work Truck Exchange 2026

Fleet connections, friendly competition, and a few flying axes. See the people and moments that brought Work Truck Exchange 2026 to life.

Read More →
A white Workhorse W56 electric delivery truck parked outside the TerraPod Test Facility, featuring rows of industrial testing equipment behind a security fence beneath a colorful sunset sky.
Operations•by News/Media Release•November 2, 2026

Workhorse Enters Modular AI Infrastructure Market Through TerraPod Partnership with RHAELM

Workhorse’s initial agreement with RHAELM is to develop a full-scale TerraPod manufacturing spec unit, then a non-binding letter of intent covers further expanding the partnership, including a supply agreement and a contemplated contingent initial order for 150 TerraPod systems.

Read More →
Ad Loading...
Clipboard with checked boxes for Medium-Duty Truck, Commercial Van, and Upfit Package of the Year, beside a blue pen and Work Truck award on a metal workbench.
Operations•by Lauren Fletcher•November 2, 2026

Your Fleet Experience Deserves a Vote

You know what happens after the vehicle leaves the dealership. Work Truck’s fleet awards give that experience a place in the industry conversation, and a reason to make your voice heard.

Read More →
Work Truck graphic calling for industry insights on 2026 trends and 2027 forecasts.
Operations•by Lauren Fletcher•October 29, 2026

Work Truck Seeks Fleet and Industry Insights on 2026 Trends and 2027 Forecasts

Work Truck is seeking insights from fleet leaders and industry partners on the trends that shaped 2026 and what commercial fleets should prepare for in 2027. Participate today!

Read More →
Bob Adamsky, director of fleet management at Arrow International, speaks into a microphone during a panel discussion at Work Truck Exchange, alongside fellow fleet industry professionals.
Operations•by Lauren Fletcher•October 29, 2026

30 Years in Fleet and Still Learning: Lessons Beyond Trucks

After more than three decades in fleet, Bob Adamsky has learned that knowing trucks is only part of the job. The bigger lessons come down to communication, understanding, and never assuming you know it all.

Read More →
Ad Loading...
Black-and-white portrait of Carolyn Edwards on a Legends of Fleet video thumbnail, presented by Work Truck and sponsored by Legend.
Sponsored•by Lauren Fletcher•October 29, 2026

What Every New Fleet Manager Should Know

Carolyn Edwards shares lessons on finding mentors, showing fleet’s value, and leading teams in this episode of Legends of Fleet.

Read More →
Flowers, balloons, stuffed animals, and glowing candles surround the Silver Rail Elementary School sign at a memorial in Bend, Oregon.
Operations•by Staff and News Reports•October 27, 2026

Les Schwab Tires Launches Foundation With $100,000 for Community Recovery

Les Schwab Tires launches a foundation with $100,000 to support recovery for Silver Rail Elementary and the Bend community following a school shooting.

Read More →
Side-by-side photos show pumpkin seeds being scooped out with a wooden spoon and a person carving a jack-o’-lantern with triangular eyes and a jagged smile.
Operations•by Lauren Fletcher•October 26, 2026

Bring Some Fleet to Your Halloween with Our Pumpkin Carving Templates

Download Work Truck’s truck-themed pumpkin patterns, explore more automotive designs, and give your shop or front porch a seasonal upgrade.

Read More →
Ad Loading...
Work Truck Trucks, Tips & Tours YouTube thumbnail featuring a WEX representative discussing the future of fleet fuel payments, with a WEX-branded backdrop, bold yellow and white headline, and Truck Chat Watch Now button.
Operations•by Wayne Parham•October 23, 2026

How Cardless Fuel Payments Benefit Commercial Fleets

Is it time for fleets to move beyond plastic fuel cards? David Abraham of WEX explains how cardless fuel payments can help reduce fraud, simplify driver transactions, and improve efficiency by allowing drivers to pay for fuel using their smartphones.

Read More →