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New Business

We will help you get your business take off, hassle free, on a strong foundation to grow as you move along with time. We will help you establish with high paying loads from our logistic branch. Steps to start your own business is explained in the following steps:
1: Business Plan

Our business advisor will help make a business plan that will figure out your revenue and expenses, and your expenses include your own salary. This business plan guide you through setting up your business and manage your finances. It will also help you get business loan and business credit line from your bank.

2: Register your Company

Each kind of company has different pros and cons, and that varies with each province. Common structures of trucking businesses include:

  • Sole proprietorship
  • Partnership
  • Corporation
3: Start-up expense

The cost of tractors and trailers, licensing requirements and registration are start-up expenses, and then the running expenses. Our business plan explained in step 2 will help you in securing finances, and a line of credit.

4: Compliance

We can help you comply with all regulatory requirements before you start your business. Important regulatory requirements are as follows:

  • CVOR
  • USDOT Number
  • MC Number
  • BOC-3 Filing
  • International Registration Plan (IRP)
  • International Fuel Tax Agreement (IFTA)
  • Heavy Vehicle Use Tax
5: Insurance

Insurance can make a big difference in terms of operational costs. We have direct links with network of insurance companies to offer you the best quotes and get drivers hired with our reputation with all the insurance companies. Various insurance requirements are as follows:

  • Primary Liability: $750,000 primary liability coverage/ $1 million liability coverage will get more loads.
  • Cargo: $100,000 is the most common amount for cargo coverage.
  • Physical Damage: Covers truck damage in accidents where you are not liable.
  • Non-Trucking Use (Bobtail): Covers your liability when you're not hauling.
6: Get a truck / trailer

In lease, there are hidden points which you should be aware before leasing your equipment. Because of our experience in the industry we can advise you to get best deals whether you are leasing or buying equipment. The common types of leases:

  • Operating (Full-Service) Lease: You take care of maintenance, taxes and permits, and you walk away at the end of the lease.
  • Terminal Rental Adjustment Clause (TRAC) Lease: You make a small down payment, and at the end of the lease, you can cover the difference in value and purchase the truck. Or you can have the leasing company sell the truck. If the leasing company makes money on the sale, you get the profit. If it loses money, you pay the difference.
  • Lease-Purchase Plans: These are for truckers who don’t have enough for a down payment or have bad credit. You may pay more in the long run on these plans, versus traditional financing.
7: Business Operations

Choosing right lane and shipper is critical to success when you are just a start-up. Our logistics branch will ensure you get high value loads. Further we will help you in dealing with dispatch, recruiting and training of drivers, safety and compliance, saving on fuel costs.