How to temporarily shut down?

Discussion in 'Expediter and Hot Shot Trucking Forum' started by 24kHotshot, Mar 28, 2020.

  1. 24kHotshot

    24kHotshot Medium Load Member

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    I am going to shut down. As a car hauler there is still some work but its getting scarce and the prices aren't worth the risk.

    How do I go about it?
    I am currently out of FL. I also want to shut the company down and when I reopen it will be out of NY next time. I'll be moving back to NY and live with family to save on rent and other expenses.
    Will I still get to keep my DOT/MC number if I open a new company in a different state?
     
  2. MikeinTennessee

    MikeinTennessee Bobtail Member

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    I had a dot number for a while and had it suspended. They told me it is mine for life will just have to pay fee to get it reactivated. Not sure about moving to a different state but would think it works same way
     
  3. ZVar

    ZVar Road Train Member

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    You'll keep the same one. Problem is most brokers will see the reactivation date as the age of the company. I.E. you'll have the same (if any) trouble getting loads for the first 3-6 months as you did when you started.
     
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  4. 24kHotshot

    24kHotshot Medium Load Member

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    That's what I was afraid of. If I keep my numbers then I get to keep my central dispatch account though right? Even if I change my company name?
     
  5. DUNE-T

    DUNE-T Road Train Member

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    Don't do it, you will be shocked with your new insurance rate after reopening. Drop all the coverages except the liability just to keep the MC active. Talk to your agent about this first
     
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  6. pavrom

    pavrom Road Train Member

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    ...none of the car hauling brokers cared how long you are in business or whats your safety score ...last time it was 2016 ... probably some big ones wants you to be at least 3 or 6 months in business
     
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  7. 24kHotshot

    24kHotshot Medium Load Member

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    The ones that pay well and on time are the ones that want you to be 3 or 6 months in business.
     
  8. Lite bug

    Lite bug Heavy Load Member

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    You can call on Dealers while you are inactive. You have experience. You know the car lingo. Try connecting with people you know in the area in the car business. Ask your friends for people in the business. Who did they buy their car from? You already know how to operate through brokers. Make the best of your downtime.
     
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  9. crocky

    crocky Road Train Member

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    If you change states the DOT number will be new from the new state because DOT is a state issued number. The MC# I'm not 100% sure about.

    Just a thought is you might want to keep your company based in FL because no state taxes and even though FL is crazy on insurance I'd bet NY is worse.
     
  10. crocky

    crocky Road Train Member

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    You probably have more experience than I do with car haulers but I've only ever had issues getting paid from 1 dealer. It was of course a dealer in my home town was supposed to be COD but they said I could do a after hours delivery and they'd mail the check. Well I figured they are only a few miles from my home and I'm driving right by as I go home so I'll just drop it.. Welp... nope it took me almost a month to get paid from them... So when I do cars it's always COD unless I know the company, but I'm only doing 2 cars at most so might be harder for you to do COD only being you haul more. For freight I have a factoring company now and it's awesome.. Paid next day on every load flat 3% no extra fees but they wont factor any cars.

    I'll tell you what I have problems with.. for the life of me I can never get a auto broker to give me a rating on central.. I ask them if they'd give me a rating, I give them one in good faith and never do these ######## ever give you a rating... after 6 months I still only have like 2 #### ratings on central.. granted I mostly haul freight but I've worked with a good 20+ or so auto brokers...
     
    Last edited: Apr 5, 2020
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