Did You Know?
U.S. Trucking Statistics
- 532,024 registered fleets
- 3.56 million Class 8 trucks
- 5.7 million commercial truck drivers
- 275 billion miles traveled each year
- 9.96 billion tons hauled in 2014
Sources: Federal Motor Carrier Safety Administration, American Trucking Associatio
Plenty of Room For More Carriers
There are many benefits and challenges to starting your own trucking company. Whether you are a driver, a dispatcher, a fleet manager, or someone entirely new to the industry, you need good information on what it takes to start a successful trucking business today.
In addition to being the backbone of the U.S. economy, trucking is one of the country’s fastest-growing industries. A recent report by the American Trucking Associations predicts that freight volumes will increase 29% over the next 11 years. At the same time, trucking continues to be affected by a shortage of qualified drivers. Some experts predict that an estimated national shortage of 48,000 drivers today could expand to more than 200,000 drivers in the next decade. The continued expansion of trucking freight, coupled with a growing shortage of trucking capacity, means there is plenty of room for new trucking carriers.
Helping You Get Started
There are opportunities out there, but running a trucking business requires careful planning, discipline and hard work. Government regulations, long payment cycles and demanding customers make it more challenging than ever for new and small carriers to succeed. That is why RTS Financial has created a guide that walks you through every step necessary to starting and operating your own trucking fleet.
While we cannot guarantee your ultimate success, How to Start a Trucking Company is a concise and comprehensive resource for understanding everything involved in getting your authority and breaking into the business. Once you have your fleet up and running, RTS Financial has more free guides to help your business, including Financial Management for Trucking Companies and The Guide to Getting Paid Faster.
We hope you will find How to Start a Trucking Company to be a valuable resource. We wish you the best of luck in your new endeavor.