Calculating your cost per mile is essential for determining whether you are charging enough for hauling a load. Knowing and understanding how to calculate cost per mile can help ensure you do not lose money. Truck drivers can go out of business if they don't calculate their average cost per [...]
Decide what you need Each driver's needs are different, so it is important to figure out what you're looking for before you get started on researching other financing options. Ask yourself these important questions: What type of truck do you need for your commercial trucking business? What loads will [...]
How to Start Your Own Trucking Company in 2023Starting a trucking company can be an intimidating business operation. But with help from trucking industry experts, it doesn’t need to be. Whether you have been a company truck driver with an established carrier or a new owner-operator, starting a trucking business [...]
If you want to start your own trucking company and participate in interstate commerce, you must have an active operating authority. The Federal Motor Carrier Safety Administration (FMCSA) requires you to have an active authority in all states to operate in the trucking industry. There are different types of [...]
Common Business Structures for Trucking CompaniesOne of the most critical steps in starting your own trucking company is deciding what business entity you want to form. There are two roads you can go down when forming your business entity and filing for trucking authority:Sole ProprietorshipLimited Liability Company (LLC)PartnershipCorporationIf you’re still confused [...]