Have you ever thought trucking as business option? Well, if not, give it a try! It is one of the most recent and trendy business that many startup companies are switching or opting for. Not only companies but also individuals and families are introducing their own trucking company. Are you in the race?
Let's get into the details,
Climb the ladder of success steadily .
The first step towards your dream
You always start from the preliminary and then gradually end up in high school. Business is similar. All you need is patience and a rich knowledge of the field you have selected. A successful business is built on the foundation of research. Have your basics clear and know your requirements of the resources and capital.
The second step towards your goal
Management and marketing are an essential part of a business. Decide on the type of company you want to build and be firm on it. Know the benefits and drawbacks of hiring a known driver or contracting with an unknown.
Truck stops should be considered, which can be smaller in size with only a parking area and fuel station or larger with premium facilities.
The third step towards your destination
Apply at Federal Motor Carrier Safety Authority for acquiring the DOT and MC Authority numbers.
Go to the state transportation website to obtain your IFTA.
Learn about the taxes, insurance requirements and ensure that your drivers have a valid driver's license.
The fourth step towards your objective
Rules and regulations
Browse through the Labor Department Occupational Safety and Health Administration website.
The fifth step towards your target
Find local business contacts, local manufacturers and shippers. Be committed to them, motivate them and grow your network.
The target is achieved !!
The invoice factoring gives you the push and momentum needed in a business. It has a big hand in offering you a helping hand by giving you advances for paying to your drivers, rather than playing the waiting game.
This improves your relationships, making your drivers more faithfully and loyal towards you. You gain their trust.
The trucking fad
Trucking has led to a lot of employment in the US, where 1 in 16 people are working on it.
It is expected to see some changes like,
Driver insufficiency- With more and more employment and increase in the average age of a driver of 55 years, the trucking industry is affected by scarcity of young drivers.
The intermodal alternatives are a boon for the industry, the use of ports and drop-and-hook loads is increasing, leading to more regional freight services. E-commerce also dominating the business.
Trucks are expected to fail in keeping the market share in gas and oil market. This can be because of increasing pipeline constructions.
In time to come
In upcoming years you can see some magnificent changes like,
Delivery by the drone
Drones are also called as "unmanned aerial vehicles" which comes in all sizes and have GPS systems to locate a place.
Delivery by flying robots
The "flying robots" who are expected to come in this industry of delivering small packages, will be commonly seen in increasing numbers. They will be under the hands of the "remote pilots" who will be static somewhere.
The huge success in the test drone flight with no pilotsupervision and highly advanced programming and sensors made scope for it in this market.
Though they are introduced the need of trucks will never fade away.
Did you ever admire trucks? If Yes, you can make hay while the sun shines! Money and Time are precious things on earth. Spending time fruitfully is the biggest task. In this industry, they cost money.
Business is always full of unpredictability and risk taking. But with good planning you can save both, time and fuel and make the best out of the resources.