Is forming a Trucking Company required in the state you live in? Generally speaking, no, it is not. However, it can help your trucking operation in some instances. In most states you aren’t required to form a company for your new trucking business. However, if you do form one, sometimes the state automatically thinks your new business is a sole-proprietary corporation. This is not always the case, so it is important to understand what your needs are in this situation.
Some examples of what may require you to form a trucking company include providing drivers to your clients. There are some carriers out there that only allow licensed drivers. If you want to start your own company, you will have to be able to provide drivers for clients who wish to rent a truck through you. Often times these drivers are provided by another company, Duncan Trucking. These two companies typically operate solely through their own fleet of trucks.
Perhaps you could do with having a surcharge policy in place. There are a few trucking companies that charge a surcharge on fuel prices. This can be helpful if you want to take advantage of higher fuel prices from time to time. Often times the surcharges can be as much as 15% of the cost of the fuel. Of course, these companies can also provide services that allow you to control the surcharges as well.
Often times you will find the need to provide drivers for deliveries of certain products. For example, milk must be delivered to the homes of certain clients every day. If you’re going to offer this service you will need to ensure that you select truck drivers that are experienced and knowledgeable in delivering milk safely. Without this expertise, your customers may get hurt while transporting milk from one location to another.
Many trucking company owners and operators are faced with the challenge of finding competent drivers for their fleet. This can often be more difficult than it would be if you were to use an independent driver. However, there are a number of solutions that you can utilize. Some of these include placing advertisements in newspapers, online at yellow pages, or having drivers come out to give presentations at schools, events, and clinics.
The last thing that you should consider is using an electronic log. Electronic logs have many benefits, including providing a means to keep track of your drivers, maintaining productivity and ensuring that you properly compensate your drivers. Some trucking companies prefer not to use electronic logging, however, if they can avoid it they will. For the most part, electronic logging will help you maintain the integrity of your business as well as ensure that your drivers are staying responsible and efficient.