When starting a trucking company, the partner you choose is a huge business decision. This strategic move will impact your entire operations and supply chain. You must choose the right partner to help you bridge these gaps and ensure you've got everything you need to run things right.
The trucking business is incredibly competitive now thanks to the high demand for goods across the country. You'll want to do everything you can to succeed in this landscape. These tips will help you find the right match for your needs and help your trucking company thrive.
Understand Your Own Business Needs
The first step to take when forming your trucking company is to understand your business needs. You will need the right permits to operate your fleet, though these will depend on whether you are engaging in interstate or intrastate trucking. Permits can be confusing, and a partner who can ensure you've got everything in place will help you have smoother operations.
Research Their Reputation
There are many companies out there that can assist a budding trucking company. Some provide more services than others, making them a better match. However, their reputation is crucial. You'll want to check out the websites to get a better feel for what they can provide.
You'll also want to find out how other trucking companies have faired when using their services. A company that has many success stories is bound to provide you with the same results. Additionally, if they have been in operations for many years, they may be the solid foundation you need for starting your trucking business.
Access Their Services
Starting a trucking company requires the organization of numerous working parts. It gets complicated quickly, but the right partner will make everything seamless in many areas.
DOT Safety Compliance
When running a fleet, there are specific rules and regulations you must adhere to set by the Department of Transportation (DOT) and the Federal Motor Carrier Safety Administration (FMCSA). If you are not compliant with these mandated regulations, you may jeopardize your business with hefty fines that consume your profits. Your partner will see to it that you are compliant all across the board.
Permits
As a newcomer to the industry, you may not know which permits you need for each state or how to manage all that paperwork. A good partner ensures you have all the right permits and never miss a deadline.
Freight Planning
For smooth operations, freight planning is critical, though it is complicated to put into action. There are many things you may not have considered, but your partner in trucking can help you maximize your profits from every load.
Factoring
As with most business ventures, it can be tough to start, though, in trucking, you may need to wait a month or more to get your money. A partner that connects you with factoring services is critical because you'll get your money quickly and free up your cash flow.
Insurance
You'll also need to protect your fleet from accidents, theft, and other hazards. Every trucking company must have the right minimum coverage in place before they can operate. Your partner can help you find the right coverage required by law and help you choose additional coverage that may apply to your situation.
Electronic Logging Devices (ELDs)
The new laws requiring ELDs mean that your trucking company should have them in place. You should partner with a company that can help you stay ahead of trends in the industry while meeting all the mandated requirements of the FMCSA. Even better, if they have the latest technology options for advanced features, running your trucking business will be much easier.
Geographic Areas
Choosing a partner for your trucking business also requires a bit of geographic knowledge. They should be able to help you in your state of operations and help you achieve the reach you desire as you move toward expansion. Your partner needs to know about regional regulations and local customs and should be able to help you plan your freight accordingly.
Data Security for Peace of Mind
Cyber threats are everywhere, but the right partner will always be a step ahead. They will offer the right security measures and protocols to keep your data safe and secure, especially when it comes to international shipments and customers.
On Top of Innovations and Solutions
While many trucking companies have the same goals, each one is different. There isn't a one-size-fits-all solution, which is why the partner you choose should creatively find the right fit for your needs. They should also be on top of the latest innovations and technology to keep you moving forward.
Access to Excellent Customer Service
Customer service is an imperative part of choosing the right partner. Every potential partner will go above and beyond before you decide to work with them. However, it's the way they respond to you when you have simple questions or minor issues to resolve.
When checking reviews on trucking partners, find out what other trucking companies have to say about the customer service they received. Since the trucking industry runs 24/7, you will want a partner who will be there for you when you need them. Issues can come up at any time and having a partner that responds quickly when situations arise is critical.
Increasing Your Efficiency and Watching Your Business Grow with the Right Partner
There are many factors to consider when choosing the right partner for your trucking company. You must be able to rely on them in emergencies and count on them to ensure all your paperwork, permits, and other requirements are in order. Make sure you scrutinize them thoroughly to find one that is always evolving with the trends and providing the level of service you need to make your business grow with success.