Hey Guys,
Just had a question for the experienced owner operators out there. I am wanting to start my own business doing shipping with a Pick Up and a trailer for now, until I can get enough money to grow into a bigger business and purchase a few rigs, hire drivers and run full loads with 18-Wheelers.
Where do I begin? My dad has been a company driver for many years but has never owned his own rig, so he was able to tell me about the driving side but recommended I post here and ask you all about the owner side of things.
How can I best estimate the profits and income on loads I will run, and the cost per mile for my expenses, so I could put together a business plan to get a loan from a bank? How can you estimate loads, when you don't have them yet? Would it be something along the lines of, It costs me X dollars per mile, at a max of X miles per week, I will run a minimum of X dollars per mile with X profits weekly?
I have loads of questions, but they all boil down to, how do I get started? How can I get this off the ground?
Thanks for your time,
-J
Creating a Trucking Business
Discussion in 'Ask An Owner Operator' started by JME Transportation, Jun 1, 2015.
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
-
Maybe there are companies in your area with shipments they need to move on a regular basis. It's not so easy to find them and then you have to gradually prove to them that they can rely on you 100%. Don' t expect much to happen fast you have to build relationships and listen to what they need. It's all about persistence. Screw up and you can cost the guy who trusted you his job and then don't be surprised he bad mouths you all over.
-
yes there are many companies like Rubber Maid, Kellogs, Conagra etc that ship many loads every day,,they as well as most mega shippers use low rate mega carriers and ship 53ft containers on the rail road for less than a $1/mile which includes to cost of trucking the containers by truck from the railroad "ramps"
It will be difficult to make a lot of money,,you have to pay drivers a decent wage to keep them buy decent trucks pay a lot of insurance the first few years until you establish a good safety and claims record,
An then there is the driver from Punjab India I met today been in the country 3 months and already driving for a company and he works for almost nothing,,the competition will kill you too. There are too many truck chasing too little fright and then you got to lay out big money to buy the trucks and trailers as well as have deep pockets until the money comes in,,One accident will put you out of business and well I could go on,,I think everyone will wish you well but the failure rate is very high because most start up trucking operations are under capitalized.
Even the big carriers are getting a lot of their freight which is very cheap from third party logistics companies,
A carrier can loose his freight by an other carrier or broker cutting the haul rate by a few pennies,
Go to business school first and learn about how to run a business and then find someone with a lot of money to back you,,
It takes about $100,000/yr just to own and run the truck
add wages , workers comp ins and the employers share of social security taxes and there is not much left and hope that you collect all your receivables,,
Good luck,,keep learning before you spend a dime.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.