How to open a new trucking company?
According
to the statistics, around 70% of all the freight in the united states goes on
trucks. If you are thinking to be a part of this humongous industry, you may
also be wondering, “Where do I begin?” We have created a list of points on how
you can start your own trucking company and grow your trucking business with
ease.
1.
Planning:
You
may be a truck driver who work for other companies and want to start your own
trucking business or you may be an owner-operator who wants to grow his
business. But in case you have no on road experience of driving, you must
secure your appropriate type of CDL (Commercial driver’s license). How to you
want to structure everything that is very important.
2.
Business
plan:
The
most essential thing you need for a successful business is having a proper
step-to step written business pan according to the requirements you going to
have. It generally captures the information regarding services, how it will be
managed, who to provide services, marketing ways, expense and its financial
viewpoints etc.
A
successful business plan has detailed information about whom he will target,
what makes my business different from others, explain the marketing targets to
the management team and discuss how you can fulfil them, how to engage
customers and most important how to retain them. How much money you need to
have for specific tasks or how much you can earn. All these points must be kept
in mind while creating a perfect business plan.
3.
Business
requirements:
Having
a valid commercial driver license, is the first requirement, apart from that
owner operators must also fulfill the following FMCSA prescribed requirements:
·
Motor
carrier number
·
United
States Department of Transportation number
·
International
Fuel Tax Agreement stickers
·
International
Registration Plan
·
Unified
Carrier Registration
·
Pay
Heavy Vehicle Use Tax (for those trucks who weigh more than 55,000 lbs)
4.
Buying
assets:
In
case you have enough to buy brand new assets for your business, it’s better to
go for quality over price. But high budget for truck may lower the budget for
repairs, maintenance which will hurt in future.
It’s
better to look for well-maintained second hand units from reputed
manufacturers. It will not only lower down the amount but also save your money
for other activities. Check properly each and every part before buying.
5.
Buy
insurance:
Before issuing operating authority, FMCSA required certain type of insurances such as liability and cargo insurance. The trucks need time to time maintenance. One of the most important trucking policies that you must have is the one that covers damage to the vehicles. In some cases, you might even face a heavy loss of a truck. So, it is necessary to cover all your trucks under insurance,
6.
Locate and grow
your clients:
Now its time to
find the first customer, start by reaching the local businesses that need
transportation services. Once you get your first client, you need to deliver
standout service. Stay loyal to your customer and diversify according to the
market needs to keep your clients. Use social networking, build a company
website to engage more customers.
READY TO START
YOUR TRUCKING BUSINESS?
If your answer is
yes, you can’t do it by yourself because this process is very hectic. JST TruckPermits will help you prepare all your documents at time. From business
registration filings to ensure your ongoing business compliance filings will be
submitted on time. our experts will help you save your time, money and hassles
so that your business dream would be fulfilled.
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