Cost of Authority
#31
04-16-2007, 08:43 AM
Guest
Posts: n/a
Originally Posted by GMAN
Steve, if memory serves, once your MC# is issued, you will be given a certain amount of time to get your insurance information filed. If you fail to get your insurance filed within the required time frame, you will not be given your authority. Unless things have changed since I first got my authority, you don't need to have your insurance prior to filing for authority.
#32
04-16-2007, 03:20 PM
Well I did it.
thirty minutes on-line, and $300 later, I had my DOT# and MC#, instantly. Within two minutes the phone rang and it was an authority co. offering my my BOC-3 for $50, two minutes later I got an e-mail with my completed BOC-3. This puts the authority in the works, will probably take 20 days to get it. With authority can get KYU, he will charge $50 for that. Insurance is ready and waiting for me. NOW ALL I NEED IS A TRUCK. I have picked several Freightliners and Volvos I like. Freights are cheaper. Years 2000 to 2002. If I get this right, with your own authority the question of age of the unit does not come into the equation, like leasing on. Also, am noticing the used market has lots of trucks. Are the bad times over or should I just jump. Thanks Hope this info helps the next rookie.
#33
04-16-2007, 03:28 PM
Are you aware that you can get your own KYU, DOT, etc., FREE if you do it yourself? The only fee which must be paid is $300 for your authority.
As to your other question, if you wait until conditions are exactly right, you will never get into business. There is no question that business has been unusually slow for the last several months. I see some business getting better and although some rates are coming up, over all they are still soft. You can still make a living, you just may need to work a little harder for the same dollars. If you are a good manager you can nearly always make money. You need to adapt to changing market conditions.
#34
04-17-2007, 01:29 PM
Join Date: Feb 2007
Location: California...yup beautifull Hollywood just over the hill
Posts: 569
Woo-woo...just got my authority approved.
One last hurdle tho before i CAN MAKE $, IFTA, apperently runs longer for California...so waiting another week at least :sad: Well remains to be seen how well my insurance company works for me with brokers tho, my biggest test for them so far will be if I get a load n how quick they get back to the broker with a certificate of cargo Insurance.
#35
04-17-2007, 07:12 PM
Guest
Posts: n/a
A lot of times the broker will accept a copy of your insurance faxed to them from yourself. They realize that sometimes your dealing with an agent who only works 9 to 5. They just won't send out a check until they get the real certificate faxed to them from the insurance company.
#37
04-19-2007, 12:31 PM
Originally Posted by pepe4158
Well Sonnies opinions make sense....except the part about getting your own authority first before you bought the truck. That ISNT feasable. I am filling out the papperwork as we speak, I MUST have my insurance FIRST....so how could I have insurance without owning a truck (dont know how)????? Would love to know how that could be done?
As far as taking a bus (this one had an issue with too).......well I am 100% cheapskate, and NO expenses while waiting around (freght is slow now") and I would have slept on the SIDEWALK if they would let me (without rousting me!"they kicked my sorry ass outta the bus terminal when I got to Charloette) if I could have saved a buck. If I have to drive up to Sacramento to camp on Arnies doorstep to get the rest of my authority I am gona sleep in my hatchback n screw paying 40 bucks a night for a motel! ;-p (Sacs about a 7 hour drive or so from me) |
