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You’re A Trucker and You Are Your Own Boss
By Cassandra_BHM | September 16, 2011
I drove coast to coast so many times that I lost track of it. After much contemplating, I finally took the plunge and decided that I wanted to be my own boss. I’ve been delivering the freight after all, so I thought, “Why not start my own trucking company?” Each year, the freight shipped across the country has been increasing steadily and this has put more trucks on the road. The vehicle miles traveled has also doubled each year. This puts more and more trucks on the road as the weight limit is frozen at 80,000 pounds. While road capacity seems to be stagnant, truck traffic has been growing 11 times faster. This definitely is a huge market and a huge opportunity to have my own trucking company.
What I advise for people to do fist is to have a business plan for their trucking company. You should know what type of freight you’ll specialize in because your trucks might need customization based on cargo needs. You need to be able to set how exactly it is you will market the company to your target market. Set how many trucks you’ll need to start with and how much you will charge per unit of cargo for a certain number of miles.
Part of establishing a business plan is to determine how to operate your business once you start. With the type of market you have and they amount of funds that you have for starting up, try to weigh the pros and cons of contracting your freight loads to independent operators as opposed to owning and maintaining your own fleet of trucks.
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