First and foremost, it’s crucial to understand that starting a trucking company takes a large financial commitment. You’ll have to buy or rent a vehicle, pay for upkeep, insurance, and repairs, as well as all other related expenses. A commercial driver’s license (CDL), which necessitates training and testing, is additionally required.
Owner-operators, however, can also benefit financially. Long-haul trucking, which entails traveling cross-country and delivering goods to numerous areas, is often the CDL profession with the greatest compensation. Long-haul truck drivers typically make $71,874 a year, however some make as much as $100,000, according to ZipRecruiter. You may be able to earn even more money as an owner operator. According to Indeed, an owner operator makes an average yearly compensation of $198,834. The type of cargo you transport, the distance you travel, and the amount of hours you labor are all obvious variables that affect this number.
Although it can be difficult, starting a trucking company is not impossible. You’ll need to conduct your homework, acquire the required licenses and permits, and build trusting connections with customers. Working with freight brokers, who connect trucking businesses with shippers who need their goods moved, is one approach to find loads to haul. Additionally, you can promote your services on social media or on online load boards.
In conclusion, working as an owner operator can be a fulfilling career choice, but it necessitates a sizable time and financial commitment. You can have your own business and earn a great salary if you’re ready to put in the work. But before choosing a choice, it’s crucial to do your homework and thoroughly weigh all the options.