Incorporating and running a successful trucking company is quite a complex process. Being a successful trucking company owner, that is to say running a trucking company successfully, takes a lot of hard work and dedication.
Moreover, the successful trucking company owners have revealed that they are using numerous trucking techniques under wraps. In general, the techniques that truck drivers are using helps them to make their job, the job of the trucker, shipper, and receiver simpler and more beneficial.
Further, in this article, you can read more about the signs that indicate a successful trucking company owner.
So, let’s take a look!
Successful Trucking Company Owner Sign No.1: You Always Have A Plan
Were you aware of the fact that a successful trucking company owner typically has a spirit of risk and drive which other trucking company owners do not have?
Well, by this we can see that a successful trucking company owner thinks in the same way as entrepreneurs think. In fact, it can be closely interconnected with the overwhelming drive that owing a trucking business and pursuing the goals brings.
Moreover, we can as well see that a successful trucking company owner has a main goal of making the profit a prime goal for his trucking business.
In addition, starting a new and small trucking company is not that easy as it might seem at the first sight. A trucking company owner who has just incorporated a trucking company should make sure that his plan is solid and that his investments are sound too.
First and foremost, when one decides to incorporate a trucking business, he should be sure to purchase the best class 8 trucks and purchase the best equipment. After all, trucks and trucking equipment if not working properly can be the stepping stone of your trucking business.
Altogether with the plans for buying trucks, trailers and equipment comes the maintenance plan. The maintenance plan should include plans for maintaining your equipment and plans for your truck drivers to stay healthy and sound on the road.
Thereupon, we can see that successful trucking company owners are the ones that have set good plans from the very beginnings of their businesses.
In fact, successful trucking company owners are the ones that have a plan on how they can reach their goals- including personal and professional goals.
So, if you have already achieved these things then you can consider yourself a successful trucking company owner!
Sign No.2: You Know What It Costs To Operate Each Piece Of Equipment
In order for a trucking company owner to incorporate and to run a successful trucking company he should be aware about the costs for each piece of equipment.
Only by knowing what it costs to operate each piece of equipment on a quarterly, monthly, weekly, and daily basis one can become a successful trucking company owner. After all, it is so due to the fact that one cannot take control over something he doesn’t know, or he is not aware of.
So, if you own a trucking company and you know what it costs to operate each piece of equipment, and at the same time you know how to reduce unnecessary expenses, then you should know that you are definitely a successful trucking company owner.
Thereupon, the real costs of having a trucking business on a yearly basis are the following ones:
|$180.000 is the average total yearly cost of operating a single class 8 truck;||$1.38 is the average cost that trucking companies are paying per mile;||A single class 8 truck can consume more than $70.000 of diesel fuel per year;|
|Fuel represents the largest operating expense;||New trailers, in general, cost $50.000;||New cabs cost $100.000;|
|The standard commercial truck driver salaries are based on the distance they drive- per mile;||Multiple insurance policies can cause coverage to cost over $6.500 per year;||An average truck tire can cost over $250- that is to say the average annual tire expenses can exceed $4.000;|
|The total US toll road mileage is exceeding 5000 miles(all interstate and non-interstate roads included);||The average trucker is spending more than $600 a year on coffee;||Federal diesel fuel taxes equal with $0.04 per mile;|
Sign No.3: You Are Regularly Scheduling Preventive maintenance
PM or better known as preventative maintenance is the key to running a trucking company and becoming a successful trucking company owner.
Moreover, the trucking company owners who have incorporated the maintenance program for their commercial motor vehicles from the very start are the ones who will stay for a long time in the trucking industry.
By training truck drivers to perform preventative maintenance, you will make sure that the vehicles are inspected, repaired and maintained in the proper way. This is the only way that you can make sure that defects are prevented in the first place, and that your truck drivers are operating with a safe truck.
So, we can see this as a win-win situation, because at the same time truck drivers will be safe while performing the transportation process, and you on the other hand as a successful trucking company owner will be calm by knowing that your trucks will are in the best possible condition.
In addition, trucking company owners who are aware of the importance of the preventative maintenance program, bring their trucks in for an inspection and maintenance on schedule and are repairing the trucks and equipment when they are approaching to a cut-off point.
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Hence, the federal regulations given by FMCSA require systematic inspection.
So, let’s see what a successful trucking company owner should have covered:
|Preventative Maintenance For Trucks||Preventative Maintenance For Trailers|
|PM A– maintenance check-out or safety inspection; Are typically scheduled at half of the oil change interval of the vehicle;||T1/TA– services are scheduled every 3 months- it includes an inspection and lubrication;|
|PM B- includes an oil and filter change as well as in-depth checks of the engine and driveline;||T2/TB– are scheduled every 6 months- includes all the items from T1 and more in-depth inspection;|
|PM C– calls for both A and B service and more extensive service;||T3/TC– are normally scheduled annually;|
|PM D– a scheduled rebuild or replacement of a major component or a special service;|
Sign No.4: You Are Maintaining A Good Communication With Everybody
As a matter of fact, a successful trucking company owner is the one who is maintaining a good communication with everybody.