CSIS Insurance Services, Inc. Blog
In the past years, the trucking company has been growing steadily. This kind of business can be lucrative as the demand for it continues to grow. Your fleet of trucks, regardless of the number, has a place in this industry. So, if you are asking if it is possible to start it with just one truck? The answer is yes.
Get A Process Agent
A process agent will handle some transactions on your behalf, particularly in court documents. Every state that your trucking company operates would need a process agent. Even if you are registered in a specific state, you may need to serve court papers in other states in case of an issue.
Lease or Buy A Truck
If it is suitable for your situation, you can lease or buy a truck for your trucking business. If you have a budget for it and would like to add a small fleet, you may get a discounted price from a dealer. On the other hand, you may opt to lease a few trucks, which can help keep the costs down. Also, consider the lease-to-own option.
Another option you may want to look at is buying used trucks. But weigh the pros and cons of this option as it could cost you more in the end, for example, in repairs.
Submit Trucking Authority Forms
To get trucking business in operation, you should earn a trucking authority first. It includes applying for a trucking authority and submitting some forms, documentation, and paperwork. While they may be time-consuming, these application forms are essential for your business operation. Note that you should have a DOT number registration first before you can apply for your trucking authority.
Use the Quality Truck and Equipment
Hauling truck freight will have a great impact if you are using the right equipment for the job. Your trucking business will earn potential by doing that. While the rates of freight seem to fluctuate on a weekly basis, loading flatbed trucks still pay the highest average rate.
Of course, a step deck load, van, or reefer also provides a better rate. But, the equipment type you use plays a big role in the overall average. Also, the location is another contributing factor to the freight rates.
Get the Right Insurance
It is a must that you have commercial auto insurance if you have a trucking business. You will want to protect your business, regardless if you start with a single truck, from potential accidents, injuries, and damages. At CSIS Insurance Services, Inc., we aim to make our client's life easier with policies that are tailored to their needs. You can get more information about our products and services by calling our agency at (888) 501-2747. Get your free quote today by CLICKING HERE.
Licensed in CA, AZ, FL, NV, NM, TX and UT
Additional states are available!
Website by InsuranceSplash