Approximately 12 million trucks, rail cars, locomotives, and vessels move goods over the transportation network. This industry is expected to grow in the coming years as more international trading opportunities open up. That’s why expediting business seems like a lucrative entrepreneurship idea should you want to start your own business.
Expedited trucking services offer timely and emergency transportation services to different clients in private, public and nonprofit organizations. These services can be used alongside the main transportation channels companies use in handling their day-to-day logistic needs. Examples of time-sensitive transport needs include, but not limited to transportation of urgently needed medical supplies, perishable products, and primary production raw materials.
1. Operating licenses and Permits
Like any other business, you are expected to obtain full certification, licensing and permits required to run an expedited trucking business. A business license is perhaps the most important requirement to have, but depending on different State laws, you may need to have specialized permits. This is important since you’ll be operating a profit-making business, hence the need for regulation. Insurance for freight trucks is also an important requirement, and it’s more comprehensive than insuring a vehicle for personal use. You need to consult with your insurance company to identify the best insurance plan for business use.
2. Cargo specialization
Different types of cargos can be transported. Whether you’ll be offering specialty freight services or general cargo, ensure you have enough capacity to handle even the most sensitive cargo. Also, let potential customers know the routes you’ll be using and whether you plan to offer less than truckload deliveries.
3. Hire experienced truck drivers
Having a team of experienced drivers will help you handle multiple jobs at a time from the onset of your business. You need to conduct a thorough background check on driver’s ability to handle an array of loads, professional references, experience as well as driving licenses. Since you’ll be dealing with complex and expensive loads, you must not compromise on the quality and professionalism of the drivers. In addition, contact your state’s traffic department to ensure your drivers have clean traffic record.
4. Driver’s insurance
Other than business insurance, ensure you have worker’s compensation and liability coverage for your drivers should they be involved in an accident. They can receive medical help without your spending from your pocket.
5. Market your business
After you have your business up and running, consider marketing the services you offer. There are many ways to do this, but finding the most effective marketing approach can yield great results and save you on advertising costs. Focus on clients whose primary line of operation depends on time-sensitive freight such as medical centers, manufacturing firms, humanitarian services among others.
To ensure a successful expedited trucking business, have an online presence and interact with as many people as possible with the aim of sourcing for new clients. Lastly, be competitive by offering quality delivery services at better rates and build close relationships with other members belonging to Chamber of Commerce.