I've spent countless hours researching on how to get a trucking company up and going(legally), however what I can't figure out is what order to do things in. A bit about my situation: I'm still a rookie driver(6 months of class A 26,001+), and I've acquired the capital to start up a small trucking company. I'm aware of the need to obtain mc and dot #'s, BOC filing, IFTA, general liability and cargo insurance, create a business and file with city(llc), it will be a 1 truck operation to start out with. I can't get an accurate insurance quote because they all require a dot # and business name, but I don't want to get those in place first to find out my business plan isn't feasible due to the high cost of insuring myself(I can always put someone experienced in the truck as a back-up plan and focus more on growing the business, but I'm of the understanding insurance will still be high and loads will be low paying with new authority). I plan on running dry van, power-only, or auto carrier while starting out. Also, due to starting out small, will it be advisable to run hot-shot or straight truck loads for a year or two, before running a class 8 rig? Or will the limited capacity and pay of smaller freight offset the higher operating costs of a tractor/trailer combination regardless of being a start-up? I know when I was applying for company jobs many places would take me on for their 26,000 or smaller trucks, but wouldn't let me in their semi until I got my 2 years of verifiable in to satisfy insurance requirements.
Where to start new trucking business?
Discussion in 'Ask An Owner Operator' started by willmoto5, Mar 24, 2018.
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