Additionally, there are 9 tons of freight on an annual basis.
To put it in a different way, that is 70% of the freight in America, transported with the help of trucks.
Considering all the factors involved in the industry, starting or running a trucking business needs a hard work and dedication.
Moreover, the industry requires a wide knowledge of the following:
- How to run a trucking business?
- Coping with regulations (SAFER, DOL, TSA etc.)
- How to manage trucking expenses?
Without the equipment, the company’s initial expenses would be varying from $6,000 to $15,000.
In particular, the costs of starting or running a transportation business would be the following:
- Registration Documents – 900$ to $1,500
- Insurance Payment – $2000 to $4,800
- IRP – $500 to $3,000
- Heavy Vehicle Tax – $100 to $550
To continue with, the cost requirement for trucking companies is huge. To be honest, one of the industries that involve the biggest business and company costs is definitely the trucking industry.
