🚚Decide the type of trucking operation and equipment you plan to use.
👥Form a limited liability company (LLC) to separate your personal assets from your business.
💼Get an Employer Identification Number (EIN) from the IRS and open a business bank account for direct payments.
🔑Obtain a USDOT number, MC number, and UCR registration for interstate carriers.
📝Research and fulfill the state-specific permits and requirements for your operating state.
Do I need a CDL or VIN number to start a trucking company?
—No, you do not need a CDL or VIN number to start a trucking company. However, you will need them for insurance purposes.
What are the insurance requirements for starting a trucking company?
—Insurance requirements vary based on factors such as the radius of operation, age of CDL, and type of commodities hauled. It is recommended to shop around for insurance quotes.
What are the registration fees for starting a trucking company?
—Registration fees include the USDOT number ($300), UCR registration ($107 - $1,975), and state-specific permits (varies by state). Other fees may include insurance premiums, IRP registration, and heavy vehicle use tax ($550+).
Is it necessary to register for ifta and IRP?
—IFTA (International Fuel Tax Agreement) and IRP (International Registration Plan) are necessary for interstate carriers who operate across multiple states. Intrastate carriers generally do not require these registrations.
How long does it take to start a trucking company?
—The timeline to start a trucking company varies. It typically takes a few weeks to receive MC and DOT numbers, and additional time may be needed to complete insurance, permits, and registrations.
00:00Introduction to starting a trucking company.
00:23Decide the type of trucking operation and equipment you plan to use.
01:46Form and register your business as an LLC.
02:59Obtain the necessary permits, including USDOT number, MC number, and UCR registration for interstate carriers.
04:03Get insurance coverage that matches your specific needs.
05:12Fulfill state-specific requirements, permits, and licenses.
06:17Consider additional registrations such as ifta and IRP for interstate carriers.
08:10Understand the costs involved in starting a trucking company.
08:57Final thoughts and timeline for starting a trucking company.
