Truck drivers are in great demand right now. Many truckers dream of the independent lifestyle of becoming owner-operator truck drivers and setting their own rules for success. But just how do you become an owner-operator of your own trucking business?
What is an Owner-Operator?
An owner-operator is a truck driver who either owns or leases their own truck and forms relationships with transportation companies to help them fulfill orders and transport goods. You are essentially your own boss running your own business.
How Do You Become One?
After obtaining your CDL (commercial driver’s license), you can embark on the road to becoming an owner-operator. You will need to be responsible for all aspects of your business, including finding clients, transporting goods, billing, and maintaining your equipment. Some tips include:
Form a Real Business and Obtain Your USDOT Number
Register your business name with the state and apply for an official USDOT number with the Federal Motor Carrier Safety Administration (FMCSA).
Get Your Trucking Authority
Contact the FMCSA after you obtain your USDOT number to get a Motor Carrier (MC) Number, also known as your trucking authority.
Insure your truck with a good insurance carrier. Shop around for the best coverage at the best rates.
Buy or Lease a Truck
Find a truck that meets the FMCSA requirements, that you can easily afford.
Build Your Reputation and Network
Build a solid reputation with transportation companies and clients to keep your business growing. Make your deliveries on time and without any incidents. Find ways to attract new clients and keep your existing ones happy.
You must also stay compliant with DOT regulations, keep your truck in good working condition, maintain good records, especially maintenance details, and keep your paperwork organized.
To learn more contact Southern Companies today!