MC Authority Or Lease

with 10 Grand left and your limited level of knowledge/experience you need to lease on. You'll be able to answer your own questions after a short while leasing.

 

Talked to a few different independents, owner operators, and one small fleet owner. I learned alot of independents started as company drivers, became OO'S leased on to a carrier for years before obtaining their own authority. You'll find many independents that have taken different paths to get where they are, at the end of the day it all depends on what path you are prepared to take, and your situation. Good luck.

 

You should lease onto somewhere for now. $10k isn't enough to go out on your own. At least I wouldn't do it. Figure at least $10k for first year insurance (maybe more) and 90 days worth of living/maintenance/fuel expense. Some of these brokers won't pay for 30-45 days out and some of them don't pay at all.

Might be able to factor your loads but you'd be pretty close to leased onto carrier pay then. There's also the FMCSA audit they do on new entry carriers so you have to have your whole business buttoned down tight, no mistakes.

What you should probably do is join OOIDA and talk to them about what your next steps should be.

 

1) that's a great question.
2)yes, you will
3) @double yellow has a few good leads.
4)who is SWIFT ?

 

Having your own authority is a lot of work, tons of paperwork, you have to be very organized as well, personally I drove for a company for only a month before I went and got my own authority but I spent countless hours online doing research on the process, don't be discouraged if someone says going on your own and you'll fail, it all depends how much time you want to put into this, just like with any business, if you have any questions feel free to pm me.

 

Good on you mate.

 

Wow !! Congrats man!! You busted your butt and saved up for a rig? now your ready for a pay raise!!! Well done sir, you have my respects..Neat stuff

Keep posting...would love to hear how it pans out....is this gonna be a L/O adventure?...maybe a landstar thread?..maybe it'll all come down to loadboards!! wheres the f-in fast forward button!!!

 

I had my own authority for a year I found it easier to lease on to someone instead of dealing with all the paperwork. Like someone said above once you start factoring loads and paying much much higher insurance rates as a new company you'll make about the same as a good carrier to lease onto. And you don't have to worry about dot audits or permits. That 10k will go quick once you purchase plates for about 1800.00 down payment on insurance is steep usually 20%. But aTbs factoring also will float the bill out a few months to help people starting out with own MC

 

Also any decent broker won't let you haul for them without atleast 6 months to a year with active authority. And this year is a lot slower than 2014... Most good loads and brokers already have carriers they've been dealing with for years moving the frieght