Starting a Carrier Company

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by jwat14, Dec 25, 2016.

  1. jwat14

    jwat14 Bobtail Member

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    My father has been driving for 15 years as a company driver and recently decided to become an owner operator. We have always wanted to go into business together and have our own fleet one day. I was never interested in driving because I have a Job that pays pretty well.

    One of my good friends started something similar with his father without being a driver or having a CDL. From what he told me he owns the carrier company and he hired his father and 7 other drivers as owner operators under his authority. The only thing he does is makes sure his drivers has loads and he gets a percentage of the loads that they run for running under his authority.

    I was wondering if going this route is something that happens often or does most carrier company owners have experience driving OTR?
     
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  3. Letsgetreal

    Letsgetreal Light Load Member

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    Just make sure the other drivers do not ruin your company. I am talking about violations and stuff
     
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  4. strollinruss

    strollinruss Road Train Member

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    Most started out with one truck. I personally wouldn't do what you are talking about. It's not a part time gig.
     
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  5. DUNE-T

    DUNE-T Road Train Member

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    I helped a guy open his own authority recently. He worked as a dispatcher for over a year, managing about 10 trucks daily. At the same time his father was an o/o for the same company. They got couple more trucks, found drivers and went on their own.
    So yes, it's definitely possible, but you better get some experience first. Driving is the easiest part, finding good loads and managing everything is the hardest. It's not as easy as it seems like
     
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  6. supersnackbar

    supersnackbar Road Train Member

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    My wife tried to be my dispatcher when I was leased to Landstar...I give her credit, she tried her very best, but without trucking experience it was tough for her to understand how the timing of appointments and the HOS regulations have to work together.

    I would imagine that not having been involved with your dad's job other than hearing about what goes on, it might be a strain on a good relationship until you get acclimated to how trucking works. Starting a new company with experience is tough enough...starting one without some experience in the office would make it more than double tough.
     
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  7. jwat14

    jwat14 Bobtail Member

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    Thanks for all the replies. I forgot to mention that my mother dispatch for my step father for a about 5 years when I was a kid. My family is very experienced and I would say I'm pretty knowledgeable about the business side. Only thing I lack is actual driving experience....do I need that to be a dispatcher?

    How would you advise gaining more experience about the business without actually driving?
     
  8. jwat14

    jwat14 Bobtail Member

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    How would you advise gaining more experience without driving? My job only requires me to work half a year(professional athlete)..so in the offseason I have time to dedicate to the business.
     
  9. DUNE-T

    DUNE-T Road Train Member

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    Try to get a dispatcher job at a trucking company, maybe nights, or whenever you have time
     
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  10. Pepper24

    Pepper24 Road Train Member

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    You don't have to drive or dispatch to run a business. You do need to know about laws and regulations.A good business knowledge of profit and losses.what % to pay O/O what to charge for insurance,tags,fuel taxes,who is supplying the trailer if you are you charging for it.whos finding freight you or your O/Os .Are you looking for customers or you running brokers freight.you would have to answer these questions and know what you want to make to know what you'll have to charge to turn a profit No one on here can really help but you said you have a good friend doing it I would just pick his brain see what's working and what not from him.you don't need to know how to cook a steak to run a restaurant you need to know how to make a profit I personally know guys that have drove a truck for 20 years that doesn't understand how to run a company.
     
    Last edited: Dec 26, 2016
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  11. strollinruss

    strollinruss Road Train Member

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    I'm going to be blunt and honest. Having trucks leased on with you is the SAME as owning them as far as liability goes. If one of these guys runs over someone and kills them you are opening yourself up to a mountain of liability, if you have many personal assets they will be all at risk. The main thing company owners do risk management. I own a few trucks and all the office staff does is try to keep paperwork in order to protect our jobs and assets. You are welcome to PM me and I will be more specific or even chat on phone.
     
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