On January 8, 2024, Chris Miller and Spencer Boyd announced the formation of Freedom Racing Enterprises, a new team that would compete full-time in the Truck Series in 2024.

Miller, who is the owner of Freedom Warranty, operates the team with Boyd, who serves as an owner/driver.

Longtime NASCAR crew chief Jeff Hammond serves as the team's general manager.

[2] Freedom Warranty, Nor-Cal Equipment Rentals, Tibbett's Lumber Co., and Latitude Aero were announced as the team's primary sponsors.

[3] Starting at Bristol, Hammond would replace Ely until Nashville, when Mark Hillman Jr. would take over as crew chief.