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Home > Business & Careers > Business Plans   »   Trucking Company

 
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Old Feb 25, 2006, 06:17 PM
TrcukerB1984
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Trucking Company

Hey Experts!!

I am an owner operator currently work for a small company in Chicago. I live in LA County California. I own a big rig and have all my numbers (MC, US DOT). I am trying to start my own company and subcontract other owner operators to drive for me. Can anyone give me advice on how to get started? How do I find brokers in different states that can provide me with sufficient loads for my drivers. How do i write up contracts for my employees? Do I need to hire a lawyer to do all the paperwork for me? Please any info would be greatly appreciated.

Thanks guys.

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Old Feb 26, 2006, 05:37 AM   #2  
tkrussell
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Only someone in your line of business can really help with your specific questions. So far doesn't seem to be any truckers to help with your questions, so I will offer my opinion and ideas. All I know about trucking is how to track shipments with Pro numbers,wait for my shipment to arrive so I can install my equipment, and how to make claims for concealed damage.

Quite honestly, these are aspects of business that you should already have some idea how to tackle if you have been working in this line for some time, let's call it experience.

Even if you knew how to get started, wise advice will be to contact an attorney for help with the contracts. My guess will be that he will ask for sample contracts that pertain to the business line.

Beyond that, the attorney may be able to help with other aspects of startup, however, this may become expensive, and better handled by yourself, let's call it sweat equity.

Locating brokers seems to be the life blood essential to having work. This is marketing, locating and attracting customers that need your services.

Doing web search for trucking brokers found:

http://freightfinder.com/trucking/trucking-broker.cfm

http://www.business.com/directory/tr...ation_brokers/

I am not too keen on just using the Internet with finding all the business I would need, I am of the mind set that personal face to face deals will lead to long term relationships in business.

When I started my electrical contracting business, I already had customers in mind, (never took one customer from current employer) where to find them, how to make contact, how to get them to tell me what they needed and how I could help them. This took hours of phone calls, letters, appointments, lunches, etc. to get the opportunity to work for them.

I had all the permits and licenses in place, had the proper insurance policies, tax ID numbers, an office and warehouse, and a clerk to answer the phone while I was out meeting with clients, running jobs, and actually doing the work. Starting up a small business, no matter the industry, means a lot of lost hours, 18 hour days, missed suppers with the family, dedication to what will seem at many times a lost cause.

I had an attorney on retainage from the very beginning, however he only was helpful with setting up the corporation. The most important person to have on board from the beginning, and consult with every month is an accountant.

Money is every businesses life blood. You need to know how to make the money, the accountant will help with how to use the money to keep the business in business. He can give forewarning when the costs are not in line with income, and will certainly help when, hopefully, there is more income than costs.

I also did a web search "starting a trucking business", and found a wealth of information such as:
http://www.truckingsuccess.com/start...-business.html
http://www.truckinfo.net/

Even some books at Amazon about how to get started:http://www.amazon.com/gp/product/157...lance&n=283155

Also did a search for "trucking owner/operators associations" and found the following:
http://www.ooida.com/
http://www.truck-loads.net/associations.asp
http://www.aitaonline.com/page98.html

I admit that I have no idea what I am looking at, or how to determine if this info is of any worth. This I will leave up to you to sift thru, extract what is helpful, and see if better ideas can be found to help direct you. I know you have heard this cliche before, Think Outside The Box, but belive me, doing just that will give you the edge over your competition.

One thing I realized before starting my own electrical business is that even thou I thought I was the best electrician around, good electricians were a dime a dozen, and I needed to find that one thing that set me apart from all the others. That did not mean I was going to win the Nobel Prize, but, I was able to , day by day, insure I had a reason to go to work the next day, and along with developing those personal relationships I spoke of before, I was able to build a company that was respected by my peers, and trusted by my customers.

So many times I thought, punching a clock for someone else sure seemed like it had it's benefits, while I was working late into the night while my employees were home with their families, having fun on the weekends, so many sacrifices to be made. But the rewards were definitiely worth the effort.

So I wish you luck, your line of work is no picnic, but like I said to my self, this is all I know and love. You have a long road ahead of you, and I will commend you for asking the questions before just jumping into the fire. Do your homework, talk to everyone you can think of for ideas and stragedies, and keep on trucking!
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Old Mar 7, 2007, 08:51 PM   #3  
capital911
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Hello,

If you would like to give me a call at 800-727-3377, I would be more than happy to tell you some of the steps you need to take to get set up, I don't know all of them, but I think I could help some.

Adam






Quote:
Originally Posted by TrcukerB1984
Hey Experts!!

I am an owner operator currently work for a small company in Chicago. I live in LA County California. I own a big rig and have all my numbers (MC, US DOT). I am trying to start my own company and subcontract other owner operators to drive for me. Can anyone give me advice on how to get started? How do I find brokers in different states that can provide me with sufficient loads for my drivers. How do i write up contracts for my employees? Do I need to hire a lawyer to do all the paperwork for me? Please any info would be greatly appreciated.

Thanks guys.

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TOO TOUGH : That was a great well-thought out response.
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Old Mar 8, 2007, 03:27 PM   #4  
RubyPitbull
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ummm. Adam? It is very nice that you are willing to be so helpful, but please look at the date of the original posting. You have answered a post that is over one year old. I doubt very much the original poster will see your answer.
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Old Jan 12, 2008, 09:42 PM   #5  
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First off, let me introduce myself. My name is James Shepard, and I've been on both sides of the industry for about 9 years. Im going to try to give you a little insight on what it takes to start and run a successfull trucking business, as Im about to undergo exactly what you went through to get to where you are, today. The only difference between you and I would be that I have alot of information on what to do, and how to do it.

The answer to your first question: There are many different resources to go by when trying to find brokers in different locations; they are quite easy to find, but it usually depends on what type of trailer you pull. Just because you find a broker in a state that you are hauling to, It doesnt mean that the particular broker specializes in the type of freight that goes onto the type of trailer you haul. I've found that the easiest way to get the freight you want, at the price you want, would be to go through the shipping & receiving department of the customers that you already have, and present a great offensive front to the brokers that handles thier business. Another way, would be to lease your business to a freight company, who could keep you and your trucks busy. There are companies out there that only move freight, thus the need for owner operators and fleet owners work great for them.

To answer the second question, I would need to answer third question, first. When drawing up contracts for employees, its best to hire a lawyer, or have one present as a witness, especially if you plan to hire O/O's with their own equipment. Having lawyer present and signing the contract protects you in case the O/O wants to pull a funny move and break a contract. You never want to submit a legally binding contract to a driver, without first having some kind of back up.

I hope the info I have provided to you is some help. Like I said, Im about to start my own trucking business; from the company name being incorporated and patented to the issuance of the 48 state authority. So, I wish you luck, and have a nice day.
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Old Jan 13, 2008, 12:49 AM   #6  
Clough
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Hopefully, what is continued to be posted here will be of benefit to others who might read it, since the original poster, TrcukerB1984, has not logged back onto this site since March 2, 2006 at 09:09 P.M.
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Old Jan 13, 2008, 01:41 PM   #7  
terresalyons
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What is the first thing have to do to start my own trucking company?
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Old Feb 16, 2008, 02:28 PM   #8  
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I'm in the same boat, that is starting a trucking company. Experts and others with experience please continue with advice. Any is much appreciated!!!
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Old Feb 16, 2008, 02:45 PM   #9  
RICKYLANDRY
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what info do you need about starting a trucking business i can answer that question
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Old Feb 17, 2008, 12:30 AM   #10  
Clough
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Quote:
Originally Posted by RICKYLANDRY
what info do you need about starting a trucking business i can answer that question

Then, how about please taking a look at the following question that is on the link below? Thank you.

http://www.askmehelpdesk.com/other-b...ss-184809.html
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