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How to Start a Trucking Business 1-2-3

Owning your own trucking company can be very rewarding, but it also requires significant up-front investment. Purchasing a truck takes research and careful consideration, and quality used equipment can often be smart way to cut costs and lower risk when getting started.

But first and foremost, truckers want to network with freight brokers, shippers and manufacturers to make business connections before they invest money in a vehicle. This ensures that they'll at least have income to cover the truck payments.

Trucking Company Business Plan

Before starting your business, you need to learn the rules of the road. There are several federal regulations that you need to be aware of - and know that they are constantly changing.

How to Start a Trucking CompanyYou need to have federal authority before transporting any items, and this requires you to have insurance. You also need to be licensed in every state in which you operate. A BOC-3 (Designation of Process Agents) filing to the FMCSA (Federal Motor Carrier Safety Administration) is also required.

Choose a state that will be your "base jurisdiction" and obtain an IFTA license through that state. This license simplifies your fuel tax payments. You will make payments to your base jurisdiction state, which distributes the tax money to all appropriate states.

State regulations that apply to the trucking industry involve the Department of Motor Vehicles and the Public Utilities Commission. The DMV handles licensing and vehicle registration and the PUC issues permits.

You can also find more information on federal and local trucking requirements at the IRS website.



Trucking Company Associations & Resources:

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