How can i start a trucking company

Along with insurance, equipment purchases or leases, and other required filings and registrations, the process can be lengthy and complicated. Services like the Apex Startup Program can help you start your own trucking company easily.

We handle the tedious parts for you. We do everything from collecting all the necessary information, and assisting with entity formation in your home state to completing and filing the appropriate registration applications. Once your trucking company has active authority we send you a Record Book with all the paperwork organized and ready to go.

Load boards can help you create and establish relationships with a variety of brokers and shippers. Once you have a solid customer base, you can build on those relationships.

In some cases you can start hauling directly for your customers and establish your own lanes which creates a regular, stable income. Checking credit on your customers before you haul a load is one of the best habits to form.

Doing so routinely helps you assess brokers and shippers. Running credit checks will help you feel confident that your customers will pay regularly. Subscriptions to credit services are available but can be expensive. To maximize your efforts, try to choose loads that pay more per mile, not necessarily faster. When you factor with Apex Capital , you get unlimited, free credit checks , which can help you make the best decisions for your trucking company.

You can also look into leasing trucks which often times keeps the monthly costs down and can even have a lease-to-own option available. However, there are usually restrictions that apply to leasing that vary by dealer. You will want to take the time to search and compare dealer options and offers before choosing.

Lastly, there is also the option to purchase used trucks which can help save you upfront but can be costly down the line. Choosing the correct equipment to haul truck freight can have a tremendous impact on your trucking companies earning potential.

Although freight rates fluctuate week-to-week, typically flatbed truck loads pay the highest rate on average. Keep in mind that location also plays a major factor in determining freight rates.

Customize your truck load searches by deadhead location and the trailer equipment type for you. Factoring solves any potential financing issues caused by the discrepancy between the time it takes to receive money and how quickly it gets used. Without factoring, shippers and brokers might wait to pay invoices for as long as 45 days. Because of the quick turnaround, you can get back on the road and keep going.

Stop turning down loads. Keep moving your trucking business forward. Essentially, owner-operators can sell their unpaid invoices to a factoring company at a slight discount. Factoring services , like eCapital offers, make the process simple. Just send your paperwork invoice, rate confirmation and bill of lading to eCapital. Factoring frees you up to handle more loads, keeps you from owing debt and is a source for additional savings.

Freight factoring is a specific form of factoring designed exclusively for the transportation industry. By choosing to work with a freight factoring company you will gain access to cost-saving services to help improve profitability. These services include fuel cards with significant discounts on the cost of diesel, reduced costs on tires, low rates on insurance and more.

Freight factoring is an important tool that you may want to utilize when you start a trucking company. Owner operators take in over three times the average salary of an OTR company driver. Managing cash flow and controlling expenses is of the utmost importance. For those with driving experience, a head for business and the desire to be your own boss, being an owner operator is definitely worth the venture. It sounds obvious, yet this key formula that will make or break your business is often overlooked by company owners lost in the turmoil of hunting for loads, managing drivers, maintaining compliance and multiple other distractions.

Focus on knowing your cost-per-mile , it is the basis for all that lies ahead. Base decisions knowing what effect it will have on costs, charge customers enough to pay expenses yet remain competitive and drive as many loaded miles as possible. Manage this and trucking will prove to be a good business for you.

To add further thought for consideration; being the owner of your own trucking company means you are in a position to grow the business and increase your salary even higher. Adding additional trucks and drivers to your roster will greatly multiply your revenues. In this circumstance, many company owners stop driving and make a career shift from the driver seat to managing the business from a home office.

Consider each of these steps within the realm of your individual business. Understand your goals, your finances and your capabilities as a business person. Starting a trucking company is a huge responsibility, but depending on your own personal work ethic and your desire to run your own business, it can be hugely rewarding and profitable.

However, we can help guide you through the process and give you an idea of how much your costs will be to start your trucking company and the exact pricing of our services. You will be responsible for renewing some filings annually or biennially. We stay in touch with you after your truck hits the road, offering renewal filing reminders, and services to help you stay compliant. Do you want to be your own boss?

Start Your Own Trucking Business! Watch Our Video. Start Your Trucking Company. Call Today: Get the Guide.