Truck owner operators operates in the trucking/transport industry and it is a known fact that the transportation/trucking industry plays a very important role in the economy of the world. They provide essential services to the economy by transporting large quantities of raw materials, machines, equipment, dirt, rocks, building materials and finished goods over land – typically from manufacturing plants to retail distribution centers and from warehouses to construction sites. As a matter of fact heavy duty trucks are indispensable in the construction industry.
Why start a transportation/trucking business?
The transportation/trucking industry is responsible for the majority of freight movement over land, and they are a major stakeholder in the manufacturing, transportation and warehousing industries. The trucking/transportation industry is not restricted to trailers or large trucks hauling goods from distribution to another via highways, it also involves smaller trucks that help transport smaller quantity of goods from one destination within a city to another destination within the same city. Transportation/trucking businesses is not only about transporting goods over long distances.
The following represent some of the many possible types of transportation/trucking businesses you could decide to start. It all depends on what your personal interest is and what skills you want to employ in your business:
1. Owner/ Operator trucking
There are two basic forms of operating, with the key difference being how you get drivers to fulfill those contracts:
(a) Subcontract drivers – Drivers in this case, are independent contractors who likely own their own equipment. You’ll spend your time on two key coordination pieces – getting the contracts and accounts with the manufacturers who needs goods transported and then finding drivers who can fulfill those contracts or schedule.
(b) Privately owned drivers – In this scenario , you own the trucks and the drivers work for you. You have total control and retain all the profit – and you pay all of the expenses of employees and equipment, which means higher start p as well as higher operating costs.
2. Moving van business
Starting a small moving business is relatively easy – which also means you need to keep in mind that you’ll likely b competing with some college students who use a rented box truck. Your ace card will be that you’ll set up and conduct your business professionally, perhaps offering add-on services such as space for temporary in between moves storage facilities.
3. Specialty Transportation
Specializing in a specific kind of unusual transportation – extremely large items such as airplane parts, or modular houses, or refrigerated perishables – can provide a healthy income. You’ll likely have fewer clients but can charge higher fees for the expertise you have or gain from specializing.
4. Livestock Transportation
Although you don’t need any specific licenses for transporting animals for customers, you will effeminately need equine or bovine experience for potential clients to trust your ability to transport their animals, and you need to familiarize yourself with the livestock transport regulators.
5. Medical Transportation
Medical transport is an important business in the transportation arena. There are several ways to focus on in this business. Some requires no more than a regular vehicle, drivers license, and a solid driving record. You could focus on transporting seniors to medical appointments or driving people long distances to specialist appointments at big hospitals.
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