How To Start My Own Company With Trucks Under My Authority?

gokiddogo · Jun 5, 2016

Oh and also use the high heat zip ties for added protection.

Freddy57 · Jun 5, 2016

Come on guys...lighten up. The OP is obviously a very wealthy individual who is looking to provide a service to his fellow man. If he was looking to make money he would be asking questions like "what do I need to start a diesel repair shop?" geesh!

rickybobby · Jun 5, 2016

Thread 4yrs old..

PSKLV · Dec 6, 2016

Don't worry,pretty soon trucks will drive themselves. Problem solved. Yeeeeeah right .

ahayward22 · Jan 24, 2017

stocktonhauler said: ↑

Unfortunately, the language of the so-called "owner operator" trucking confuses things here. From what you describe, it appears that you don't really have your own authority but are leased to another carrier that performs most of the responsibilities of DOT carrier authority through a "compliance" department. In reality, this type of "owner-operator" is really more similar to a company driver, except that superior carrier has conveniently evaded much of the insurance risk. So, that carrier is your authority umbrella, as it were, for paperwork and government compliance. Also, the carrier probably provides a convenient package of insurance, IFTA accounting, for which you pay, and they provide complete dispatching because you are not hauling your own trailers.

However, it appears that what you would like to become is an independent owner-operator and expand this into a full independent carrier authority. You also refer vaguely to "connections" with Fedex, UPS, and other companies, but exactly how these are legal contracted relationships evades my understanding.

I'm an independent one-truck carrier who manages all aspects of DOT and state authority, insurance, IFTA, and so on, but also do my own contracts and dispatching. I typically contract my loads with brokers, rather than carriers, although I sometimes will accept another carrier's load if necessary. More rarely, I will contract directly with a shipper. Since I haul my own trailer, I'm not dependent upon another company to furnish the loads for me, and all loads are "live loads". Also, all of my loads are from the spot market because I want the highest priced cargo. Dedicated contracts have the advantage of regular mileage throughout the year, but I'm more interested in maximizing my receipts, not my mileage. When demand and prices are low, I reduce my mileage exposure. When demand is high, I optimize my mileage. I normally try to put the truck/trailer in a region where a shortage of trucks exists (e.g. California or Illinois), and then deliver to a high demand market (New York or Boston).

I try to encourage all truckers to become independent owner-operators like me because my work provides the highest income with the least dependency on abusive carriers and brokers. But, owner-operators up to their eyeballs in truck payments may not like my system. I also find that if I do my own paperwork, I not only save a significant amount of money, I also feel more confident that mistakes will not be made that are essential to independent owner-operator authority.

Now, if you contact me, I can figure out what you need, but I still need to know more about what you do...
Click to expand...

packpusher6 · Apr 10, 2018

I lost my cdl and I can’t find a job that will pay enough to make ends meet is there anyway I can make money from buying a truck and hiring a driver or should I try to get freight broker license or what ? I’m in Memphis Tennessee the logistics capital of the United States and I’m currently taking on line classes to get a bachelors in transportation and logistics management degree but I really need to get back to working soon I’m currently working at a Bodyshop and I honestly don’t see how body repair shops maintain because one week we will get paid the next week we don’t see any money for a couple weeks and I’m use to trucking which was guaranteed money on the regular so I’m trying my best to get back in my element of the trucking business

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