If you fancy life on the road then the OTR or Over the Road Trucking Business may be for you. Driving across the country delivering loads may not seem like much, but it is a very profitable and very accessible career for most OTR truckers and trucking company owners. It is quickly becoming a very competitive industry. There are a growing number of large trucking companies and all of them are competing for loads and customers. If you’re thinking of starting your own trucking company, here are some tips to get you started:
Start Small – if you can’t afford a fleet of trucks, start with one. It can be bought leased, or even leased-to-own.
Hire Process Agents – A process agent is essential for proper representation with regard to court papers. They are the individuals who can help your company when your trucking company is sent court papers in a state other than the one you registered in. You need one agent for each state you operate in.
Have all of the proper forms – Paperwork is a necessary evil in any business venture. You will need the correct papers to be able to do business including a US DOT number. Take note that the MCS-150 form which was once used for obtaining your US DOT number is now only used for updating an existing US DOT number.
Get Liability Insurance – Get your truck or trucks fully insured. Liability Insurance helps you when you need to cover potential damage, liabilities, and injuries while on the road. Be sure to choose the company that offers the best deal for you.
You can reap the rewards of owning an OTR Trucking Company if you know exactly what you’re getting into. Deliver loads on time, be nice to clients and drivers alike, and keep on truckin’.
Reliable Permit Solutions is your one-stop-shop for Overweight/Oversize Loads, and Superloads permits. We can even help you with Route Consulting so that you get your permits faster, and we can help you get Pilot Car Escorts to help you deliver your load. Call us at (888) 949-4220 for your questions and for more information.