Quote:
Originally Posted by pepe4158
Thks Steve, just started to panick when I saw G-man mention it could take up to 3 months before $ coming in and wondered if I am shaving it a little to close....hmmm have about 26K left to budget and stll need some things, for sure trl about 9k, hmmm the $ for authority itself I budgeted about 3 k, leaves about 14 k left to work on, plus out of that at least 2k for insurance payments next couple of months.
The 3 months is for you to get your authority back with all the proper paperwork, pay your 2290, get the IFTA, base-plates, find, book, haul, bill and collect on your first loads, etc., You will need to have your motor carrier authority before you can do any of the other things, such as getting your base plates, IFTA, etc., Once you have your insurance and authority you can walk your base-plates and get your IFTA set up the same day, if you want to go to the appropriate offices. One reason it takes some time to get your authority is that there is a waiting period for them to advertise that you want your authority. When I originally applied it took about 6 weeks from the time I applied until I got my authority back. Steve is correct, you should apply for authority NOW, if that is what you want to do. If you are nervous about getting into this on your own, there are plenty of carriers who will lease you on with experience. OOIDA will assist you in getting your authority, if you don't want to do it yourself. There are also a number of services who will do it for you for a fee. I believe it took me about 2 months to get my permit from New Mexico. You can still travel through New Mexico, but will need to stop at their port of entry and get trip permits each time you enter the state unless you have one of their state permits. It takes time and lot of effort to jump through all the hoops to get your authority and get up and running. I am sorry if I upset you concerning the time frame, but I prefer being realistic in my expectations. If things run smoothly, you may be able to get money in sooner, but I would prefer to expect a longer time frame and be pleasantly surprised if I got money in sooner. Some brokers offer quick pay for a discount on the bill. Those could pay you in 1-7 days from the time that they receive the bills. Unless you opt for quick pay, I would expect payment to be made in about 30 days from when they receive your bills. Some will wait for about 45 days. Not to scare you, but you should look at this realistically. If you check out brokers or shippers prior to taking a load and clear up their billing and paying policy, you can plan better. When I first got my authority, I already had a few shippers set up so that I could start hauling immediately. Some of them were COD. For the type of freight you are planning on hauling, COD is probably not as likely. That has also been several years ago.