The song spent sixteen weeks on the U.S. country music charts, reaching a peak of #2. It also reached #3 on the Bubbling Under Hot 100.
The "...and Down" in the title and lyric is CB radio jargon for "I'm finished transmitting, but still listening to the channel." "[Direction] bound and down" remains a common sign-off for truckers on CB radio.
The Ford Motor Company revived the song‘s popularity as part of its F-Series truck advertisements in 2018, where a host of pickups from different years and towing various items, such as barbecue grills, a 1960s-era Ford Bronco, and a statue of the Bob's Big Boy mascot, is seen driving down the highway.