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How to Start a Commercial Fleet Without Driving a Mile

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You can earn money in one of the world’s most profitable industries without ever having to learn its core skill. For thousands of fleet owners, trucking is a highly profitable business that doesn’t require them to operate any vehicles themselves.

Because the industry is so widely distributed, there is no shortage of opportunities when it comes to launching your own company. In this article, we’ll tackle the steps you need to take to start running your own fleet without a commercial driver’s license.

Learn the Ropes

Trucking comes with plenty of red tapes, so you’ll need to be research-driven from day one. This means learning the laws and regulations in your state, as well as the Federal Motor Carrier Safety Administration’s guidelines. Even though you may not intend on driving yourself, you’ll need to know what driver qualifications are, how to stay compliant, and what it takes to be a legal authority before you open for business.

Part of owning a fleet will require applying for USDOT authority and, if you plan to cross state lines, a motor carrier number. Educating yourself on all things fleet ownership will help you stay focused on your dreams of owning a commercial fleet and give you the confidence to push forward.

Decide to Lease or Buy

For the majority of founders, leasing vehicles will be far more accessible than buying commercial vehicles. While pickup trucks and vans are easier to afford outright, semi-trucks can run well over $100,000 each. Leasing gives you access to the best commercial vehicles on the market at a lower startup investment. Just bear in mind that leasing is not a permanent strategy.

You never build any equity leasing a truck, so you ultimately never acquire it as a business asset. While leasing can get you more vehicles quickly, you’ll want to focus on saving up enough to own your own trucks or vans.

Become a Master of Fleet Management

You’ll need to screen, hire, and manage a team of drivers to get your company off the ground. This means knowing the ins and outs of compliance regulations and always being able to monitor your company’s status. The easiest way to do this is with fleet safety solutions.

These include video-based technology, such as CameraMatics vehicle camera systems, that helps drivers improve their performance, prevent road incidents, and lower costs across the board. Implementing a fleet safety program will be critical to improving your bottom line. You want as few obstacles as possible between your vehicles and their destinations. The more equipped drivers are to handle their jobs, the more money you all make in the end.

Use Load Boards to Find Work Faster

Although a freight broker could help find you, companies that ship cars, and load boards are the easiest way for a new trucking authority to find new jobs. You’ll want to make sure that your fleet has already been registered before signing up.

Once you have your DOT number, MC number, insurance, and a reliable team of drivers, you can begin picking up jobs to start building a client base. Some jobs may not lead to return investors, but that’s okay. The more experience you gain, the more likely your company will attract higher-paying, more consistent customers.

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