FAST opens financing, fuel programs for truck owners

Insider Spotlight

• FAST Logistics is rolling out support programs for truckers in Bacolod and Cebu amid rising fuel costs
• The company is offering guaranteed income, fuel support, financing, and dry lease options
• FAST aims to expand its trucking network across the Visayas through free roadshows this May
  
  
  

FAST Logistics Group is stepping up efforts to support truck owners and aspiring trucking entrepreneurs in the Visayas as rising fuel prices continue to squeeze margins across the transport sector.

The Philippines’ largest third-party logistics provider will hold the FAST Truckers Roadshow Bacolod on May 13 at L’Fisher Hotel and the FAST Truckers Roadshow Cebu on May 18 at Castle Peak Hotel to introduce programs designed to help truckers secure more stable income streams.

Admission to both events is free and open to the public.

Why it matters

Truck operators nationwide are facing mounting operational pressures from higher fuel prices, tighter margins, and increasing day-to-day expenses.

FAST said its programs are designed to help truckers reduce exposure to fluctuating operating costs while gaining access to more consistent earnings opportunities.

What FAST is offering

One of the company’s key offerings is its dry lease program, which allows truck owners to lease their vehicles to FAST in exchange for fixed monthly income.

Under the arrangement, FAST handles operational management and expenses, including fuel, driver and helper salaries, toll fees, repairs, and maintenance.

The company is also promoting its lock-in program for truck owners who prefer to operate their own vehicles. Accredited partners are assured of fixed monthly income even if trucks complete fewer trips than expected during a given month.

Truckers who complete additional trips may earn beyond the guaranteed amount.

FAST also offers a fuel savings program in which the company shoulders upfront fuel expenses and deducts the amount after completed trips, helping improve truckers’ cash flow management.

Big picture

The logistics provider said members of its trucking network may also access financing opportunities to acquire additional units and expand operations despite challenging market conditions.

FAST currently has strong demand for 10-wheeler and 6-wheeler trucks, refrigerated trucks, AUVs, container trucks, and flatbed trucks.

“FAST believes truckers are vital partners in moving businesses and communities forward,” FAST CEO for Logistics Manuel L. Onrejas Jr., said in a press statement.

“Through our support programs, we want to help truckers manage rising costs and grow their business with FAST serving as their ‘Big Brother’ partner in logistics,” he added.

FAST currently supports more than 900 trucking partners nationwide and operates one of the country’s largest logistics and warehousing networks. —Vanessa Hidalgo | Ed: Corrie S. Narisma