The trucking industry is currently a legal business entity that moves goods and people across state lines. With the rising fuel costs, increasing driver demand, and an ongoing under-supply, this may be an excellent time to begin your own trucking company. How to help you, ve compiled a simple cheat sheet on how to begin a trucking company quickly and easily with a solid marketing plan. This will provide you with a complete overview of what’s involved in starting a trucking company. This report has been designed to give you an effective approach to obtaining your first CDL permit and on-the-job training.
One of the first things you need to do is to establish yourself as the owner-operator. There are many ways to do this, but in order to be truly successful the owner-operators must be determined, vocal, and dedicated. You also need to have a sound financial plan and realistic expectations. If you don’t have the time or experience to invest in this type of business, it may be wise to consider starting a factoring company. Factoring firms buy a portion of a carrier’s future business and pay a fee to the carrier when a contract is signed.
Many companies are choosing to do their fuel card business online. There are numerous advantages to doing so, including speed, ease of service, flexibility, cost-effectiveness, and the ability to reach an unlimited audience. To start you will need a solid idea of the services you will offer and the carriers you will work with. Be sure that you choose a carrier that will accept your factoring contract and pay your invoices electronically. Once you have these important details worked out you are ready to get started.
If your trucking company will offer its drivers an International Registration (IRR) program, you will need to obtain IGR cards for all of your drivers. These cards may also be called EINs, Foreign Identification Numbers, or GIRs. IGR cards provide proof of legal citizenship and a means to prove the legal resident status of drivers, which is especially useful for international sales. Without an IGR the trucker cannot legally drive on United States highways.
The third major requirement for a successful freight carrier is effective driver retention. You want to retain experienced drivers who can effectively handle emergencies and roadblocks, as well as safely complete routes and bring products to their customers. A major part of driver retention is a solid training program that provides opportunities for training in the latest technology, tactics, and best practices. A trucking company can’t go without effective communications, whether it’s between drivers dispatch, or the customer, so all drivers should undergo a thorough training program to ensure they are up to date on the latest safety and protocol practices.
Many companies choose to implement electronic logging in their trucking business in order to track driver logs, vehicle maintenance, fuel purchases, and more through a secured online portal. Electronic logging can save the company a tremendous amount of time, which in turn, saves money. If your company has an electronic logging system, the system administrator can set up daily, weekly, or monthly reports. You can also view your trucks in real time through a web cam portal. E-logging may be the next big trend for trucking businesses looking to improve their fleet efficiency and minimize their expenses.