How can i establish my own authority

http://www.thetruckersreport.com/tr...becoming-owner-operator-steps-forms-info.html

 

Getting your authority is pretty simple. Read through the link and see if it answers most of your questions. If you have additional questions then come back and ask. A number of us have gone through the process and are running under our own authority. If you want to just lease to a carrier that allows you to find and book your own loads, you don't need authority. You run under their authority. All you need to lease to a carrier is a truck.

 

Pick your own load and go home when you want = Schneider Choice Program or Landstar. Both of these programs are percentage + fuel surcharge and pick your loads off load boards, no requirements for how long you are out running, just do your own thing. Small differences, but drivers seem to like them. Or you can go full on and get your own authority and book your loads through brokers you develop relationships with.

 

schneider and landstar aren't the only games in town.

mercer, sammons, admiral merchants, farm2fleet. and a whole slew of others.

 

Farm2Fleet is another where you pick your loads.

 

Universal AmCan, Mason Dixon, Bennett are a few more carriers who only use owner operators and pay percentage. If you have never owned a truck and run it as an owner operator it is good to lease on to a carrier before getting your own authority. If you go with a carrier that is agent based where you can select your own loads, it will be similar to running your own authority without having to deal with most of the compliance issues and the start up costs are considerably less than getting your authority. It is expensive to get rolling with your own authority. The learning curve can be very costly.

 

What type of truck? Has the truck had any engine work? You are getting close to the time when most engines need an in-frame if nothing has been done to it. You can buy a decent truck in the price range you will pay to get the title. But, you should also know something about the history of the truck since you have been driving it. At this point, you could run the truck another 200-300,000 miles or so or you could need an overhaul at any time. An in-frame will cost between $10-20,000, depending on what needs to be done and the brand of engine. It sounds like you have been doing a lease purchase? Do you know what the truck will be worth when the balloon payment comes due?

 

My husband used a company to set his up. They did all the paper work, which was nice, we did have to bother with any of it. They were very helpful. If nothing else I am sure they can point you in the right direction of what you need to do. If you are interested I can get you the number.