How Do I Start A Trucking Company?

Question

I have been a trucker for 2 years now for my freind and im the owner of the truck but he charches a fee of 7% for every load he dispatches to me so im loosing money there, so i would like to start my own company with me and my wife

any ideas on wut i need to begin?

Answer 1

Unless you're interested in getting a broker's license and brokering your own loads (or having your wife do this while you stay on the road)....you're going to be losing a 7 to 12% fee on all the loads you haul anyway.

Even if you own your own truck and trailer, and you get your loads from a broker, s/he takes a broker fee off the total pay on the load. Most brokers charge 10%, some charge 12%....if your friend is the actual broker, you're getting a good deal.

Now, if your friend is getting his loads from one of those "GetLoaded" type of sites, then you're right- you are losing out, as he's getting the loads from a broker who has already taken a fee...and he's taking a fee on top of the original fee, so you're missing 17% of the load pay.

You have some options....You can get your own insurance, trailer, and authority. If your wife is not a driver, she can stay home and do what your friend currently does- find you loads on GetLoaded.com, or a similar load-board site. Or she can get her broker's license and start a broker company...but this can be quite an undertaking. If she drives with you, you can get a laptop, wireless phone card, printer/scanner, and fax software, and you can run a "mobile office". I know someone who does this hauling cars, using CentralDispatch.com to find his cars.

Another option, is some brokers also own trucks and trailers. You run under their authority, pull their trailer, they get you the loads, and take only the standard 10% broker fee.

Or, sign on with Landstar or FedEx Ground, or a similar owner-operator based company. Their owner-operators make decent money, plus you have the benefit of reliable freight and fuel network discounts.

Just be careful and know what you're getting into, tax wise and financially. With fuel prices and the economy being what it is, now is not the time to make mistakes.

Answer 2

Go talk to your tax man. He will have a lot of answers for you on where to begin and in what you need to start. There are many ways to go about the whole thing. But take it from me.....I also am a owner operator and it was a lot of work with the start up. If he is only taking 7% feel very lucky and continue on that path. Your friend spends a lot of time and trouble on the phone finding and booking all of these loads.

Answer 3

You need insurance for the truck, and insurance for the company.

You need operating authorities for the states you'll be running in.

You'll need customers. You'll need to set up your own dispatching, so you'll need telephones and a fax.

Answer 4

--->> Tips---> https://trimurl.im/e27/how-do-i-start-a-trucking-company

Answer 5

Get really stupid, and not want a life!