Buy/Sell MC#

I was told that these numbers are only issued once in a lifetime to a physical person, so one should treat them the same way as their SS number.
Why do some people buy SS numbers?
Would you sell your SS number to anyone?

 

Guessing here but it could be for lower insurance rate since the MC isn't in its first year. Also not having to deal with brokers who won't work new MCs might be a thing.

 

There is a motor carrier number - MC number, which is a different from the USDOT number. You need the USDOT number for any authority, interstate or intrastate.

You need a MC number if you are going interstate.

Buying an authority that is under a personal name and not a business, then the transfer is treated as a new authority by most insurance companies. If it is sold as a business, then there is not a change in insurance - this is my experience.

 

You probably would need a NC authority for Intrastate. Only good for NC. If crossing State lines, an Interstate Authority. Not all States require Intrastate Authority. My State does, I don’t haul Intrastate. If I did,I was told, I’d need another MC # for my State only. I know a few who do Intrastate, using their Interstate MC# only, they claim it’s ok, as long as they also haul loads across State lines. That’s not what I was told. I’m not looking for trouble. Best to call your License Bereau, at the Capitol. They’ll tell you what’s needed. Once Authority is granted, for either, you’ll be assigned a Motor Carrier #, and also a DOT#. The ICC used to regulate Interstate Commerce, they decided who did and didn’t get Authority, based on Public need for Services. After Deregulation in 79, they became obsolete, eventually dissolved. Now the only requirement is the desire and ability to operate. The DOT being already in charge anyway, took over any remaining ICC duties. Shortly thereafter, they started requiring a separate DOT# . I think mainly to keep track of Companies when they change names, or open up other Companies after being shut down for safety issues. That’s my rough understanding. Exact details may differ

 

Read my post again, it tells you what is required.

 

There are companies that will file for you as well as set you up to be compliant for your first audit. They charge for that service. There are also people who sell their business which owns a seasoned active MC and DOT number with possibly low insurance rates, freight contracts, business credit, etc. Startups pay out the nose for insurance. If you can buy a business for $10,000 and save $10-20,000 per truck per year in insurance, it’s easy to see the value. Once again, that is strictly for corporate owned MC numbers.