My friend and I are both young engineers but not by any means in the transportation or logistic fields. However, we are thinking of opening up our trucking business by buying a truck in cash and hiring a driver along with a dispatcher and slowly growing our business. Can someone here help us how we can do this without having a CDL and an insurance? What should be our first steps and what are some issues that we may face as we do this? Any help or guidance would be much appreciated.
Trucking business without me as the driver
Discussion in 'Trucking Industry Regulations' started by MVTRUCKING, May 14, 2024.
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This particular forum doesn't allow the use of curse words, If it did I would use a whole bunch of them before and after the word NO....
It's hard enough to make money in this business if you...
#1 know how to drive
#2 know how to dispatch yourself
#3 know how to fix a truck
#4 know anything about trucking at all
If you don't know any of those things it's gonna be a hard road. a good way to lose money and a friend.
Good drivers are hard to find. How are you going to attract good drivers?wis bang, Magoo1968, OLDSKOOLERnWV and 9 others Thank this. -
Honestly that is why I am here to gain some experience from people in this forum so bear with me -
Sounds like a solid plan so long as the 4 of you don't want to make any money.
Hatt91, Deere hunter, wis bang and 10 others Thank this. -
Perhap a resturant franchise would be a safer plan
Deere hunter, Magoo1968, TX2Day and 3 others Thank this. -
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With what that truck makes you will be lucky to be able to pay the driver and the truck expenses. Trying to pay a dispatcher on top of that would be nuts. You and your partner won't see one thin dime out of this.
$100k isn't near enough to finance this operation either. Gonna be 90 days of expenses piled up until the money starts rolling in. That ain't gonna cover the cost of the truck, 2 salaries, fuel, maintenance and insurance. You have one breakdown in the first couple months and you'll be ####ed.
Not to mention its going to be very hard to convince a decent driver to come on-board. Anyone with a good head on their shoulders would stay well clear of this. Too much risk and not much job security IMO. -
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Deere hunter, Magoo1968, Phoenix Heavy Haul and 2 others Thank this.
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