In a little less than 72 hours a MAJOR MILESTONE in my life will be accomplished. My OWN trucking company will be established and in business. Pretty exciting. I picked up my new signs for the side of my truck last Friday. This is my $600 license plate that also gos 'live' Thursday. You'd think for that kind of money you would get two plates; but no, only one.
I also opened my business checking account - gotta have someplace to deposit all that money that's gonna start rolling in! Many of the forms I will use I have downloaded templates off the internet and then modified with my company info. My Delivery Tickets are 4-part tho and had to be special ordered along with new business cards. That's all done.
I can't think of anything else lacking. My next step is finding a local driver with his own diesel truck that can pull my old trailer and service the one account I have now. And then find some more freight to haul locally to keep him busy. The PERFECT candidate will be someone who has a truck and a client (shipper) - or two or three - and needs help to grow their delivery service into a legit trucking company (like mine).
Is there anybody out there?
The picture above depicts a couple of special things I have done in establishing my own Hot Shot delivery service. The rules and regulations governing driving 'for Hire' change dramatically when the total weight of your truck, trailer and load exceeds 26,000 lbs. Currently I am only legal up to that point. Beginning Thursday, when my Authority goes active (hopefully), I will be legal up to 32,000 lbs total gross.
It's not very often that I go over 26K but I will not miss any loads in the future because I was not properly licensed to haul. If there is one thing I have learned in the past three years of doing this, flexibility is your key to success. The more things you are able to do, the more likely you are able to get where you want to go. The cost for me to 'upgrade' my weight limit is only a few hundred dollars. The biggest change is in the compliance requirements.
That blue sticker on my sign is for my International Fuel Tax Agreement. I now have to report my fuel purchases and miles travelled in each state - quarterly. This program evolved many years ago because of the variance between states on fuel prices and the taxes each state derives. Trucks typically carry from 100 to 300 gallons of fuel allowing them to go great distances between fill-ups. They would fuel where it was cheapest and then pass thru states with higher prices (taxes).
The result was states lost revenue from fuel taxes but where still having the expense of road maintenance when heavy trucks rolled down their highways. IFTA leveled that out. You get credit in the states where you bought your fuel (and paid tax) and then potentially owe a tax in states you travelled but didn't buy fuel.
I will evaluate the increase paperwork and cost of being able to legally run over 26K pounds for the first year. I also am hoping this IFTA sticker will reduce the number of times I'm 'pulled-around-back' at the scale. The normal passenger registration on a pick-up truck is valid to about 8,000. My truck is rated to 11,500 lbs but is not 'legal' over 8K with a passenger plate. In IL you can buy a 'weighted' plate, which I had. My plate allowed me to go to 12K but the scale operators outside IL didn't know with-out seeing my registration. So they pulled me around back.
My new signs include my new maximum weight per my registration - 32,000 (12K on the truck and 20K on the trailer) - and a current IFTA sticker. Hopefully, the sticker will be a big clue to the scale operator that I am 'probably' legal with-out having me show my registration. We shall see.
In the mean time, I have been spending all kinds of money on this new biz and did not have one single load ALL WEEK! The good news is that I had plenty of time to get everything done. But I need to generate some income.
I will be around here (Belleville, IL) for two more weeks. I need to add at least one driver and get another client or two before Jul 12. If I can get things in order here then I will be able to go back to CA for some special family things happening later in July. One of the neatest things about this next Left Coast Trip is that my youngest son has expressed interest in going with me. That and I will potentially meet some family I have NEVER met before as well as see some I haven't seen in many, many years. But I HAVE to get another (reliable) driver.