Ya, just one truck. No desire to add more. I have a friend who started the same time as me and has 5 old trucks and pulls his hair out every day. My insurance was around $8,000 when I started but went down every year.
Starting Trucking Company
- Thread starter John R
- Start date
Ya, just one truck. No desire to add more. I have a friend who started the same time as me and has 5 old trucks and pulls his hair out every day. My insurance was around $8,000 when I started but went down every year.
Blood
Driveler Emeritus
Duck
Sarcastic remark goes here
Did we just scare that guy off?
Truth is that some people actually can & do make it on their own with no experience. I don't know how, but they do sometimes. It's rare though.
The O/P should at least work as a company (solo) driver for a carrier that pays percentage instead of by the mile so he can learn how rates vary depending on origin & destination.
Truth is that some people actually can & do make it on their own with no experience. I don't know how, but they do sometimes. It's rare though.
The O/P should at least work as a company (solo) driver for a carrier that pays percentage instead of by the mile so he can learn how rates vary depending on origin & destination.
um common sense lots of research and bank roll
If the comments here scared the O/P off, he needs to forget about starting a trucking company. This is a hard business and requires a skin like an armadillo.
Randy Bridge
New Member
John R, if you really desire to get your feet wet as an o/o you could still buy the tractor and pull for a company using there trailer. Some companies have programs that pay all your permits, tolls, IFTA, and so on. This allows you to become somewhat independent and still learn the business at the same time. It's not as big a risk on your part and the financial burden (start up cost) is much less than jumping head 1st into your own authority. I have many friends who started this way and have succeeded in the business. Trust me if you bite off to much at once your chance of surviving in the business is not good...just my two sense. Good luck and if you have any questions PM me.
SFCAV
Member
Great info, I'm starting my own company as well, I have my own truck but don't own a trailer yet. I'm in Southern California and will be pulling out of here as much as I can. I'm a one truck army looking to go for 100!! I have to say I am scared of going on my own and loosing security, but I have to take the leap. I have multiple friends that run around ten trucks with no desire to add more.
I herd factoring for the first year is a great thing to do...?? Input? I have 100k Cargo instead of 200k, should I change it? I'll be running dry van if I can rent one at a fair price.
I've been using TBS (Truckers Bookkeeping Services) just to make sure I do things correctly. My older brother has a trucking company too, but he only works with the ports. I would ask him for advice, but he is a "know it all, Indian giver, fuck my family, I don't trust anyone" type of person. Did I mention negative in every aspect.
Enough with the therapy, I'm learning from scratch and need a mentor to help me follow through the steps.
I herd factoring for the first year is a great thing to do...?? Input? I have 100k Cargo instead of 200k, should I change it? I'll be running dry van if I can rent one at a fair price.
I've been using TBS (Truckers Bookkeeping Services) just to make sure I do things correctly. My older brother has a trucking company too, but he only works with the ports. I would ask him for advice, but he is a "know it all, Indian giver, fuck my family, I don't trust anyone" type of person. Did I mention negative in every aspect.
Enough with the therapy, I'm learning from scratch and need a mentor to help me follow through the steps.
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SFCAV
Member
And plus I have reactive armor skin, armadillo has nothing on me
revelation1911
Well-Known Member
What insurance company you with? progressive has gone into rape mood for the past coupe years. Mine was near 6000 this year. I can't get over 100,000 cargo with them in Alabama. I tried buying a rider for one load and they don't offer it here. Progressive has turned into a turdd.
LLC' or INC for a small operation usually cause you to loose personal deductions and increases your tax burden. plus offers no real protections this is a myth that fools believe.
Depending on income your better off as a sole proprietor in most cases.
Randy Bridge
New Member
SFCAV...I still feel that signing on with a large carrier is a good 1st step. All you need is your tractor and the rest is mainly paid by the company you pull for. This saves you a lot of up front money and gets you familiar with owning your own truck. After a year when you get a good handle on things then you can branch out with your plans of being a true independent. Who knows you may be happy with who you pull for and want to stay. I pull for Con-way and trust me they take good care of there o/o. There are several o/o that have multiple trucks with Con-way.You should look into it and also look at Land Star. Just food for thought.
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