Wheel Power: A Guide To Starting Your Own Trucking Company “Everything They Don’t Tell You”

By DH SHAW MANAGEMENT

A straight to the point guide that will to assist you starting of a trucking company.   The tips we provide will get you up and rolling with no stress.

• Language: English
• Publisher: DH SHAW MANAGEMENT
• Release date: Apr 13, 2024
• ISBN: 9798218406462

Book preview

Introduction      Pg. a

Starting Your Very Own Trucking Company   Pg. 1

LLC       Pg. 3

C-Corporation      Pg. 7

S-Corporation      Pg. 9

Operating Agreement     Pg. 13

FEIN/EIN       Pg. 15

Business Licenses and Permits    Pg. 17

Establishing a Bank Account    Pg. 21

Authorities      Pg. 23

Motor Carrier      Pg. 25

Federal Motor Carrier Safety Administration   Pg. 29

MC/DOT       Pg. 31

Moving Along to the Next Step for Success   Pg. 35

Dry Van       Pg. 37

Reefer Trailers      Pg. 39

Insurance      Pg. 41

NMFTA – National Motor Freight Traffic Association

(SCAC Code) Standard Carrier Alpha Code and UIIA   Pg. 43

TRAC Intermodal (TRAC Chassis)     Pg. 47

Registering Plates       Pg. 49

IFTA       Pg. 51

2290 Highway Use Tax     Pg. 53

Success!       Pg. 55

Drug & Alcohol Clearing House     Pg. 57

Drug Testing      Pg. 59

Accounting      Pg. 61

Moving Along to the Final Steps    Pg. 65

Factoring Company     Pg. 67

Fuel       Pg. 69

ELD       Pg. 71

Brokers       Pg. 73

Transportation Entities/Terminology- Things to Know  Pg. 75

Dear Reader/Driver,

Sit back and remember, safety first.

Thank you.

D H Shaw Management

Introduction

If you pick this book, please focus on all the information and suggestions and then, do your own research.

There are no short cuts in the trucking business. Patience and focus are key to being successful in this billion-dollar industry.

We decided to write this book to give advice and financial tips to make it a little easier to start your own trucking company with a firm foundation and longevity for prosperity within your transportation business.

When we started, very few people gave us keys points or information on how to start our own trucking company. However, through trial, error and thanks to God, we are still rolling.

Now, we want to help you get rolling as well.

Starting Your Very Own Trucking Company

First thing first. When starting a trucking company, you have to decide on a name for your business.

Go to the Secretary of State website for your state and check to see if the name you want to use for your trucking company is available. (If you are from Illinois, go to https://www.ilsos.gov and if you need assistance in Illinois, call 1-800-252-8980.)

If you are in another state, Google your state’s website.

Now, we can move on to the next steps on your journey to success. Once on your Secretary of State