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Neckster
Joined: 24 Jul 2005
Posts: 55
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| Posted: Mon Nov 20, 2006 2:15 am Post subject: Own Authorty & Leasing On... |
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For starters, would it be worth wild to lease onto a company while building the business up when first starting out with your own authority? I would like to obtain my own authority by spring time. I reside in upstate NY and I'm not sure of the local freight. Maybe I should join a load board and study my area's of interest first.
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BanditsCousin
Joined: 05 Jun 2004
Posts: 3301
Location: Chicago, IL
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| Posted: Mon Nov 20, 2006 4:47 pm Post subject: |
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It depends on your cash flow, and how much you already have invested in your business. If money is an object, then staying with a carrier and leasing on may be the way to go until you learn the "ins" and "outs" of this business.
Are you currently a CDL holding driver? |
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GMAN
Joined: 13 Feb 2005
Posts: 9693
Location: Tennessee
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| Posted: Tue Nov 21, 2006 9:47 am Post subject: |
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| To start with most carriers will not allow you to have your own authority while being leased to them. It will be difficult to build a business such as you describe while being leased to another carrier. I think you need to decide which way will be best for you. If you have never owned a truck you may find the transition easier to lease to a carrier first. It takes more money to operate as a carrier than if you lease to someone. You don't mention how much driving experience you have, but unless you have at least 2 years driving experience, you will find it difficult to find someone to insure you without severe restrictions. Good luck. |
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