Where to start new trucking business?

Happygoodluck2002 · Dec 7, 2020

willmoto5 said: ↑

I've spent countless hours researching on how to get a trucking company up and going(legally), however what I can't figure out is what order to do things in. A bit about my situation: I'm still a rookie driver(6 months of class A 26,001+), and I've acquired the capital to start up a small trucking company. I'm aware of the need to obtain mc and dot #'s, BOC filing, IFTA, general liability and cargo insurance, create a business and file with city(llc), it will be a 1 truck operation to start out with. I can't get an accurate insurance quote because they all require a dot # and business name, but I don't want to get those in place first to find out my business plan isn't feasible due to the high cost of insuring myself(I can always put someone experienced in the truck as a back-up plan and focus more on growing the business, but I'm of the understanding insurance will still be high and loads will be low paying with new authority). I plan on running dry van, power-only, or auto carrier while starting out. Also, due to starting out small, will it be advisable to run hot-shot or straight truck loads for a year or two, before running a class 8 rig? Or will the limited capacity and pay of smaller freight offset the higher operating costs of a tractor/trailer combination regardless of being a start-up? I know when I was applying for company jobs many places would take me on for their 26,000 or smaller trucks, but wouldn't let me in their semi until I got my 2 years of verifiable in to satisfy insurance requirements.
Click to expand...

Happygoodluck2002 · Dec 7, 2020

ast26909 said: ↑

It depends on where you are, what kind of freights available in your area. I started out one year ago and based on my experiences the #1 advise I can give you is DO NOT run a pickup truck, you WILL REGRET IT. For the budget that you have $40k you can have a setup like Hulld's

Trying to make a silk purse out of my max 6

With this setup you can haul cars, cars are always available just the pay fluctuates depending on where you want to run. You can add a 40' gooseneck flatbed to run hotshot freight, and an end dump trailer it would broaden your varieties.
Click to expand...

Happygoodluck2002 · Dec 7, 2020

Whats your advice to someone who doesn't want to drive but employ a driver

Happygoodluck2002 · Dec 7, 2020

willmoto5 said: ↑

I've spent countless hours researching on how to get a trucking company up and going(legally), however what I can't figure out is what order to do things in. A bit about my situation: I'm still a rookie driver(6 months of class A 26,001+), and I've acquired the capital to start up a small trucking company. I'm aware of the need to obtain mc and dot #'s, BOC filing, IFTA, general liability and cargo insurance, create a business and file with city(llc), it will be a 1 truck operation to start out with. I can't get an accurate insurance quote because they all require a dot # and business name, but I don't want to get those in place first to find out my business plan isn't feasible due to the high cost of insuring myself(I can always put someone experienced in the truck as a back-up plan and focus more on growing the business, but I'm of the understanding insurance will still be high and loads will be low paying with new authority). I plan on running dry van, power-only, or auto carrier while starting out. Also, due to starting out small, will it be advisable to run hot-shot or straight truck loads for a year or two, before running a class 8 rig? Or will the limited capacity and pay of smaller freight offset the higher operating costs of a tractor/trailer combination regardless of being a start-up? I know when I was applying for company jobs many places would take me on for their 26,000 or smaller trucks, but wouldn't let me in their semi until I got my 2 years of verifiable in to satisfy insurance requirements.
Click to expand...

jlafume · Dec 7, 2020

Happygoodluck2002 said: ↑

Whats your advice to someone who doesn't want to drive but employ a driver
Click to expand...

Gud luck

Happygoodluck2002 · Dec 7, 2020

Did you start yet?

Log in or Sign up

Forums

Find Trucking Jobs

Where to start new trucking business?

Happygoodluck2002 Bobtail Member

Trucking Jobs in 30 seconds

Wait, employers can't reach you!

Happygoodluck2002 Bobtail Member

Trucking Jobs in 30 seconds

Wait, employers can't reach you!

Happygoodluck2002 Bobtail Member

Happygoodluck2002 Bobtail Member

jlafume Light Load Member

Happygoodluck2002 Bobtail Member

Trucking Jobs in 30 seconds

Wait, employers can't reach you!

Log in or Sign up

Useful Searches

Find Trucking Jobs

Where to start new trucking business?

Happygoodluck2002 Bobtail Member

Wait, employers can't reach you!

Happygoodluck2002 Bobtail Member

Wait, employers can't reach you!

Happygoodluck2002 Bobtail Member

Happygoodluck2002 Bobtail Member

jlafume Light Load Member

Happygoodluck2002 Bobtail Member

Wait, employers can't reach you!