If you’ve been thinking about getting your own trucking authority, there's no time like the present. There’s the “seize the day” angle, of course, but there's another good reason to start now. We’re about to hit the slow season for freight, so you have more time for paperwork.

Plus, getting your motor carrier authority can take a month or more, so by the time you get your DOT number and start your business, you'll be ready for the spring freight season.



Remember: It takes a month if you don’t hit any delays along the way, but it could take longer. For example, if you needed to change your company name, or something comes up in the registration process, the FMCSA could take extra time before approving your authority. That’s why it’s crucial that you do your research before making the leap. 

That goes for both regulations AND your business strategies. Insurance, registration fees, equipment, staffing, taxes – all these expenses are your responsibility once you get your own authority. The risks are high, but so are the potential rewards.

Ready to take the plunge? Here are 9 steps to starting your own trucking business.

  1. Get your commercial driver’s license – Get behind the wheel and get some experience
  2. Make a business plan – What are you hauling? Who are your customers?
  3. Choose a business structure – Choices include LLC, corporation, partnership, sole proprietorship, etc.
  4. Start-up expenses – Get authority and save money to cover the first few months until you start getting paid
  5. Plan your operations – Staffing, parking, maintenance, back office - who does what?
  6. Safety compliance – State and federal regulations
  7. Insurance - $750,000 minimum liability
  8. Equipment – What tractor and/or trailer does your business need?
  9. Grow your business –Find loads

Want to get started as quickly as possible? Give DAT a call at 866-812-3379, and they can take care of the paperwork for you. That way you don’t have to worry about making a mistake that leads to you missing out on the busy season later this year.

This article was originally featured on DAT.com.

Freightliner’s Team Run Smart is partnering with DAT to offer a special on the TruckersEdge load board to its members. Sign up for TruckersEdge today and get your first 30 days free by signing up at http://www.truckersedge.net/promo717 or entering “promo717” during sign up.
 
* This offer is available to new TruckersEdge subscribers only
 
About TruckersEdge®, powered by DAT®
 
TruckersEdge® Load Board is part of the trusted DAT® Load Board Network. DAT offers more than 68 million live loads and trucks per year. Tens of thousands of loads per day are found first or exclusively on the DAT Network through TruckersEdge.

Read These Next...

BUSINESS Smart

Remarks

August 17, 2017

BUSINESS Smart

BUSINESS Smart

Comment ()


This blog post does not have any comments. Be the first!

SUBSCRIBE

Sign up to get the latest trucking tips and tricks!

ADD ME

Ask a question

ASK A QUESTION

Post a question to our forum and a Pro will answer as well as our community members!

GO TO THE BUSINESS Smart FORUM

Keep Reading BUSINESS Smart Articles

BUSINESS Smart

Remarks

August 17, 2017

BUSINESS Smart

BUSINESS Smart

Full Circle

August 08, 2017

BUSINESS Smart

BUSINESS Smart