Starting a Trucking Company? Here's What You Need to Know

Trucking is a huge industry in America today. In fact the number of trucking jobs in America has increased by over 30,000 since April 2020.

You’ve decided to take advantage of that.

Are you set on starting a trucking company, but don’t know where to start?

You’ve come to the right place.

Check out this guide for everything you need on how to start a trucking company.

How to Start a Trucking Company

Paperwork

When starting a trucking company, the first step is to form an LLC.

Owning a trucking company as an LLC will protect you as a business owner and offer tax advantages.

To form an LLC, most states require that you appoint a registered agent. This person will accept and send legal documents on your behalf and act as the direct point of contact with the state.

You’ll also need an EIN, or Employee Identification Number, for your LLC. This number is unique to your business and required for many aspects of operation, such as submitting certain tax forms.

After that, there’s more paperwork coming your way. Obtain necessary business licenses and permits, including USDOT Number, MC (Motor Carrier Operating Authority) Number, UCR (Unified Carrier Registration), and IRP (International Registration Plan).

How to Run a Trucking Company

Once you’ve gotten started owning a trucking company and have a truck, maintenance and growth are the name of the game!

Above all else, the best answer for how to run a trucking company is consistency.

Owning a trucking company requires awareness at all times. Track your expenses, stay tax compliant, and understand your finances.

Missing deadlines or expiration dates can cause you to lose good standing with the IRS. Plus, you’ll accrue penalties and affect your cash flow.

At this point, you may have mastered how to open a trucking company, but maintaining one is a whole new beast.

Let’s talk about the tools, such as owner-operator trucking software, that can help get you there.

Trucking Business Software

The best way to stay on top of your trucking company is with trucking business software.

Take advantage of technology when you’re starting a trucking company. There are many things to keep track of and monitor.

Utilizing a trucking business software makes it easy to keep it all in one place.

TruckLogics is a trucking business management software designed for leased operators, owner-operators, small fleet managers, mid-size fleet managers, and large fleet managers.

No matter where you fall in the trucking business world, TruckLogics is here to help you succeed.

Independent owner-operators can utilize this owner-operator trucking software to control their entire business from one place by managing dispatches, tracking income & expenses, scheduling maintenance, sending invoices, and more.

Plus, leased operators can take advantage of recordkeeping features like profit & loss reports or compliance records for maintenance and trip details.

On top of all of that, fleet managers have the added benefit of accessing TruckZone, which keeps fleet details organized and accessible.

Track maintenance, stay on top of finances, and so much more. Get started with a trucking business software solution right away when starting a trucking company. It can make or break your business.

Take TruckLogics for a test drive with a 15-day free trial.