Selling MC's legit?

Discussion in 'Ask An Owner Operator' started by Wespipes, Sep 10, 2019 at 7:47 PM.

  1. Wespipes

    Wespipes Light Load Member

    109
    68
    Jul 14, 2019
    0
    I've seen a lot of these posts. Can you really sell a MC #? Looking at the posts I see a lot of arguing about the legality of it
     
  2. brian991219

    brian991219 Road Train Member

    2,266
    3,964
    Aug 10, 2013
    Lords Valley, PA
    0
    Of course you can, you have to sell the entire company, although there may not be any physical assets so to speak. Trucking companies get bought out all the time and their US DOT/MC numbers never change, just look at UPS Freight for example, They have the same US DOT and MC that Overnight had.

    That said, there is little value in purchasing a MC number unless the carrier had been open a long time and has a clean safety rating as well as clean credit rating with brokers. In that case you can save thousands on insurance as well as have access to the top loads without the normal one or two year period of establishing yourself.
     
    Wespipes Thanks this.
  3. rank

    rank Road Train Member

    Not sure how anyone would argue the legality of it. What you can’t sell your trucking company now?

    Maybe you’d run into a road block if you tried to sell a sole prop, which is another reason to incorporate
     
    Bean Jr. Thanks this.
  4. xairx

    xairx Light Load Member

    76
    56
    Jun 24, 2019
    0
    How much is a good MC number anyway?
     
  5. FoolsErrand

    FoolsErrand Heavy Load Member

    825
    2,196
    Sep 15, 2017
    0
    However much you can get for it. The potential buyers will decide.
     
  • Draft saved Draft deleted