Buy/Sell MC#

Discussion in 'Ask An Owner Operator' started by HvyHal Gam3ing, May 3, 2021.

  1. HvyHal Gam3ing

    HvyHal Gam3ing Light Load Member

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    Hello Y'all. I am curious as to why there are so many classifieds with people asking to buy or sell and MC# or DOT#. First of all, what is an MC# and how does that differ from a DOT# or an ICC#? And secondly, I thought you can only apply for operating authority through the FMCSA? Last I looked it up, they only asked $300 or so. So why pay more to buy one from some one else? I am not understanding this concept. Can some one please explain?
     
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  3. Doealex

    Doealex Medium Load Member

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    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?
     
    Last edited: May 4, 2021
    mnmover Thanks this.
  4. RunningAces

    RunningAces Medium Load Member

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    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.
     
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  5. Ridgeline

    Ridgeline Road Train Member

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    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.
     
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  6. HvyHal Gam3ing

    HvyHal Gam3ing Light Load Member

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    Angier, nc
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    So suppose I was to buy a used truck and run lowboy local. (yes this area is growing insanely fast. construction is literally everywhere and lots of people need to out source their equipment moves all the time, even the company I work for currently from time to time which we already have 3 lowboy tractor trailers.) It would not be hard to put my name out there door to door and acquire business that way. In fact, I already made contact with a welding shop guy who used to pay another O/O lowboy I know to move his customer's equipment to and from the shop. I've gotten on a first name basis with this guy and he seems like good people to do business with. I also know the sales guy at a John Deere dealer. There is also lots of other equipment brand dealers and even a CAT factory 30 minutes from my house over in Clayton, NC. Any how, I'm sure I could run load board for lowboy but, I don't see that being completely necessary for the growth going on around here (unless I'm just stupid and don't know any better) Would I need a DOT number? or MC number? or both? The company truck I'm in currently I noticed today has both. I could go on a load board and work with a broker if I wanted to, but do I have to? I've gotten around this area quite a bit with business and other companies.
     
  7. Rideandrepair

    Rideandrepair Road Train Member

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    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
     
    Last edited: May 4, 2021
    dwells40 Thanks this.
  8. HvyHal Gam3ing

    HvyHal Gam3ing Light Load Member

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    I think that kind of makes since. I do intend to occasionally run Virginia and Maryland, and roughly same distance to the south and west. Those can be done as day trips of done properly. I would like to keep that option open. The company I work for currently has sent me to Baltimore or even Richmond to get equipment from a dealer. Although realisticly, unless you don't mind occasionally paying for an over night stay, the maryland trips are kind of pushing it. So really the ability to run NC, VA, SC and maybe a little of TN would probably be more realistic for a new O/O with a day cab
     
  9. Ridgeline

    Ridgeline Road Train Member

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    Read my post again, it tells you what is required.
     
  10. HvyHal Gam3ing

    HvyHal Gam3ing Light Load Member

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    Angier, nc
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    @Ridgeline Oh I see, I'm sorry I missed that. To me though it still seems silly to buy from some one else when a fresh application is $300 on the FMCSA website. Some people are asking 500 or more. That seems silly. Or is it just me?
     
  11. fortycalglock

    fortycalglock Road Train Member

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    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.
     
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