Husband buying truck for Fedex contract

fedex gives you 45% of the load revenue up front,so you really wont have to go out and get a credit card for fuel.
Sometimes in life you have to do what's best for your current situation,meaning you sometimes have to lose to gain,you might pay more for the truck,but use the income to pay off some bills and build your credit score up again. Then when you go to buy another truck you will have more financing to work with.

 

I was wondering if you are required to have your own Authority to pull for FedEx Ground. I am considering leasing or purchasing a tractor for a contract out of the Charlotte,NC Terminal. I know that I have to form my own Business LLC and DOT Registration etc. I see on there old site (fedexlinehaulcontractor.com) that you have the option to use FedEx Ground 48-state apportioned base plates and they will also provide state fuel and operating permits. (for a fee of course) but just wanted to hear from someone who has done it or is farther along in the process. Getting your own authority is a pain in the butt with all the FMCSA and DOT Crap. If I can use FEDEX for help to get me started then I will. Once I make some cash then that stuff will not be a issue.

 

Looking to buy a used truck to start my business. I am in the process of going through Ryder to purchase one of their trucks through their finance program. Does anyone have any comments or addvise with getting a truck for a low income trucker

 

Stay with a company a bit longer and get that credit rating up. Get a credit card that is set aside for nothing but small purchases. I actually have a card that I find something I want to buy, set the cash aside, purchase it, and then pay that payment completely off the next day. You can really boost your credit rating quickly by doing this. Just food for thought, but I'd wait another year and get my credit up so better opportunities were at my doorstep.

I actually get free airline tickets really quick doing this as well, so it's a double bonus.

 

You guys didn't notice the last post before yours on this thread was over a year ago...and the thread started 2 years+ ago?

 

Best advice evaaahhhh. Find the contract before you find the truck. In other words, make sure you have a GOOOOD deal before you commit. If you're planning on mileage pay and not percentage, I can tell you, rarely is it a good deal. Much less a GOOOOD one