How to start a trucking company?
Starting your own trucking company should not be a difficult process if you understand the industry. You should have your commercial driver's license by now, as well as an understanding of the of the strict regulations of the transportation industry both Federal and State that a startup will be required to complied with before licensing is granted to operate a carrier.
The US Department of Transportation offer guidelines, which outlines the necessary steps to start your own trucking company.
1. Determine FMCSA registration needs/requirements:
2. Complete FMCSA Application Process
Don't have a USDOT Number or Authority? Apply Online via the Unified Registration System
Already have a USDOT Number or Authority? Apply via FMCSA's legacy systems
4. Begin New Entrant Safety Assurance Program
6. Maintain/Update USDOT Number and Operating Authority information
A trucking company should also start planning on how to maintain a strong cash flow, generally the carrier will be required by its customers to grant them credit on their delivered loads, typically 30 to 60 days, this could obviously create a cash flow dilemma, however, by making arrangements or signing-up with a trucking factoring company prior to or after starting operating, cash flow concerns should not be a an issue.
A trucking factoring company can advance funds on delivered loads shortly after delivery is made even though the invoice/freight bill is not due for payment for another 30 to 60 days or longer. For more information on freight factoring services visit www.freightapplication.com at any time.
FREIGHT FACTORING SERVICES:
Maximum: $10 Million (availability as you grow)
Advances: On average 92% (Higher on a case by case basis)
Rates: Competitive (Our objective is to beat our competition)
Funding Off Copies
START THE SIMPLE FREIGHT FACTORING PROCESS