How To Start A Trucking Company With No Trucks – If you’ve been a truck driver and are ready to take the plunge and become an independent owner-operator and start a transportation business, we’ve got you covered. We’ve put together this complete checklist with all the elements you need to become your own boss. We wrote a long version of how to start a delivery business so you can read all the details.
Before you start, we strongly recommend that you carefully check whether becoming an MC is absolutely right for you. As you probably already know, not all owner operators require permits. Drivers can rent our licenses and earn over $17,000 per month without the hassle of getting or maintaining a license with our Virtual Carrier package. All you have to do is confirm, download the app and choose the downloads you like. For those who want to protect their rights, we offer the Flex program.
How To Start A Trucking Company With No Trucks
Once you have decided to start a business, you should follow these steps.
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Make your business a separate legal entity by registering with the Small Business Administration and obtaining a federal tax ID.
The location and organization of your business will determine how and where you register. Get a Commercial Driver’s License (CDL) – Free up to $5,000.
Class A CDLs are required for semi-trailer tractors, which are the primary type of equipment used in the transportation industry.
A USDOT number is a unique identifier used to collect and track a company’s security data. There is no fee to obtain a DOT number.
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The MC Authority Number is a unique identifier assigned by FMCSA. Transport companies doing international trade must have it.
Additional fees may apply for items such as insurance required during the business license application process.
The Uniform Carrier Registration (UCR) is a federal fee and registration for companies and individuals engaged in interstate commerce. Prices range from $59 to $56,977 and depend on fleet size.
The International Registration Plan (IRP) is the registration process for number plates assigned to commercial vehicles and trailer equipment.
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IRP is issued by the country where your business is located. The IRP fee varies by country and ranges from $1,500 to $2,000.
Trucks with a gross vehicle weight (GVW) of 55,000 pounds or more are subject to the Federal Road Vehicle Use Tax (HVUT).
The International Fuel Tax Agreement (IFTA) is a fuel license that allows businesses to submit a quarterly fuel tax return based on the country in which the business is located.
The IFTA includes a sticker that must be affixed to each truck and is valid for each calendar year.
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Apply through your state’s .gov website for an IFTA sticker. Obtaining an IFTA sticker is free.
BOC-3 allows your company to appoint a process agent in another country. For example, if your business is headquartered in California but sued in Michigan, the probate agent will accept all legal documents served on you in Michigan.
The Standard Carrier Alpha Code (SCAC) is a privately controlled code used to identify primarily freight companies:
If you plan to carry any of the above, visit the National Motor Freight Association (NMFTA) website to register and pay the $95 fee.
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If you are an owner and operator leased to another company, the average cost of insurance ranges from $3,000 to $5,000 per year per truck.
If you are an operator with your own MC body, the average insurance cost ranges from $9,000 to $12,000 per truck per year.
Yes, a CDL is required to drive a commercial vehicle. Class A CDLs are typically required for semi-trailer tractors, which are the primary type of equipment used in the transportation industry.
A USDOT number is a unique identifier used to collect and track a company’s security data. There is no fee to obtain a USDOT number.
How To Get Business Insurance For Trucking Companies
The MC Authority Number is issued by the FMCSA and is required by interstate commercial shipping companies. The application fee for the MC institution is $300. You can begin the application process through the FMCSA Unified Registration System.
Insurance is required for multiple registrations, including MC license application. The required forms of insurance cover civil liability, physical damage to the vehicle, cargo and general liability. Costs can range from $3,000 to $12,000 per truck per year, depending on factors such as lease or owner-operator status.
To fly interstate, you must obtain USDOT and MC authorization numbers and meet the requirements of the International Registration Plan (IRP), Uniform Carrier Registration (UCR), and International Fuel Tax Agreement (IFTA). Each has specific application processes and associated costs.
Startup costs can vary depending on factors such as licensing, registration, insurance, permits and equipment. The costs listed in the article, such as CDL training, MC authorized application fees, insurance premiums and registration fees, give a general idea of the costs involved. However, additional costs such as purchasing or leasing the vehicle, maintenance, fuel and operating costs must be taken into account when estimating the total required investment.
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Starting a transportation business takes time and effort, but it can be an extremely rewarding and rewarding experience for those who choose it. If you want to learn more about how owner-operators can make $17,000 a month driving, visit our getting started page.
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Without small transportation companies and the drivers who work for them, the economy would literally grind to a halt. So why not enter an industry that will always be in high demand, such as trucking with a successful trucking business?
Before starting work, it is recommended to spend some time developing a basic business plan for the transportation industry. This business plan should include the type of equipment you will have, whether you plan to buy or lease that equipment, and who your drivers will be. Although equipment can be obtained after purchasing an insurance plan, it is important to know what type of equipment you want because you need to know the associated costs before starting the process.
How To Start A Trucking Company With No Money And Get Financing Today
Believe it or not, purchasing equipment and insurance is only part of starting your own shipping company! There are many other steps involved in starting and running a trucking business, and the process can be confusing.
We help you determine what services you will provide and who you should accept, set specific goals, plan costs, expenses and profits, and much more.
To start a trucking business, you must start a business and obtain a US Department of Transportation (USDOT) number and a motor carrier operating authority number or MC number from the Federal Motor Carrier Safety Administration (FMCSA). Along with insurance, equipment purchase or rental, and other necessary documents and registration, the process can be long and complicated.
Services like the Apex Startup Program can help you easily start your transportation business. We’ll take care of the tedious parts for you. We do everything from gathering all the necessary information and helping you set up an organization in your country to completing and submitting the appropriate registration applications. Once your moving company is up and running, we’ll send you a digital log with all your documents organized and ready to go.
How To Start A Trucking Company Without Driving
If you’re new to the moving industry, online loading charts can help you find loads to get you started. You can try free download boards like NextLOAD.com or pay a monthly subscription for others. Load boards can help you establish and build relationships with different brokers and forwarders. If you have a solid customer base, you can build those relationships. In some cases, you can start direct shipping to your customers and create your own lines that will provide you with a steady, steady income.
Checking your customers’ credit before shipping is one of the best habits to develop. By doing this regularly, you can rate brokers and shippers. Doing a credit check
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