If you’re a truck driver who’s just starting out, there might
be a learning curve when it comes to understanding the ins
and outs of the trucking industry. In the following pages,
we give you some tips and information to help guide you
down the path of creating a profitable and successful
trucking business.
2. Got a question? Need some advice? Give us a ring. 800.705.1500
eCapital.com
The beginner’s guide to
RUNNING A TRUCKING BUSINESS
Introduction
If you’re a truck driver who’s just starting out, there might
be a learning curve when it comes to understanding the ins
and outs of the trucking industry. In the following pages,
we give you some tips and information to help guide you
down the path of creating a profitable and successful
trucking business.
1. Register with the FMCSA
Companies that operate commercial vehicles in interstate
commerce must register with the FMCSA (Federal Motor
Carrier Safety Administration) and obtain a USDOT
(Department of Transportation) number. The USDOT
number is unique to your company and is utilized when
monitoring your company’s safety information.
In some states, you will also need to register for an
interstate operating authority or an MC (Motor Carrier)
number. The operating authority dictates the type of cargo you can carry.
You can register and find additional information at fmcsa.dot.gov.
2. Obtain the proper license
Before you begin a career as a truck driver, you must obtain a CDL
(Commercial Drivers License) issued by the state in which you currently
reside. You must complete state-required training and testing to
demonstrate that you meet the requirements and qualifications to drive
heavy vehicles.
CDLs break down into three classes:
Class A: Includes tractor-trailers, truck and trailer combinations, and tractor-
trailer busses. Class A license holders can also operate vehicles listed in
class B.
Class B: Includes straight trucks, large busses, segmented busses, trucks
towing vehicles with GVWR (Gross Combination Weight Rating) of 10,000
pounds or less. Class B license holders can also operate vehicles listed in
class C.
Class C: Any vehicle that is not included in classes A or B that carries
hazardous materials or is designed to carry 16 or more occupants, including
the driver.
In some states,
you will also need
to register for an
interstate operating
authority or an MC
(Motor Carrier)
number. The
operating authority
dictates the type
of cargo you can
carry.
3. Got a question? Need some advice? Give us a ring. 800.705.1500
eCapital.com
The beginner’s guide to
RUNNING A TRUCKING BUSINESS
3. Find jobs
There are several ways to find jobs in the trucking industry. Here are a few:
Browse listings in trade specific publications.
Several trucking magazines, such as Landline and Overdrive, have special sections that list current freight jobs.
Utilize online freight matching services.
Sign up with online freight matching services, like 123loadboard.com, to find loads. There are also several trucking
forums, such as The Trucker’s Report, that offer great resources for trucking professionals including jobs specifically
for new drivers.
Be active on social media sites.
Connect and network with fellow truck drivers and brokers by using sites like Facebook, Twitter, and LinkedIn.
Lease on with a company.
If you’re not ready to go completely on your own, you can always lease on with a company and drive their loads.
4. Manage your finances
Keeping a positive and steady cash flow can often be a challenge in the trucking business. Though trucking can be a
lucrative career path, there are many operating expenses that come with the job. Manage your cash flow by paying
close attention to your balance sheet and by budgeting your expenses.
You can also gain access to a steady cash flow by utilizing a freight factoring service. Invoice factoring is a common
financial tool used in the trucking industry that helps you gain early access to your working capital. It’s a simple process
that many truck trivers find to be an essential part of their financial strategy. Learn more about factoring by clicking here.
You can also gain access to a
steady cash flow by utilizing
a freight factoring service.
Invoice factoring is a common
financial tool used in the
trucking industry that helps
you gain early access to your
working capital.
4. Got a question? Need some advice? Give us a ring. 800.705.1500
eCapital.com
The beginner’s guide to
RUNNING A TRUCKING BUSINESS
5. Be safety conscious
The safety of yourself, other drivers, and your cargo is
your number one priority while out on the road. Be sure to
join your local trucking association to stay up-to-date on
all state and federal regulations, and stay safe with these
simple tips:
• Always pre-inspect your vehicle before making the long
haul
• Double check to make sure your cargo is secure
• Frequently check for vehicles in your blind spot
• Take advantage of your driving height and anticipate
braking situations
• Always stay alert and be aware of others on the road
• Take care of yourself by getting plenty of sleep, eating
well, and staying fit
About eCapital
At eCapital, we’re on a mission to provide businesses with a smart way to
improve cash flow. Why? We believe a steady cash flow can change the
course of a business. It can help a company define its future—and turn
barely breaking even into kicking tail and taking names.
eCapital is a forward-thinking force that enables businesses to make
tomorrow better than today. We founded our company on the idea that
you simply should not have to wait 30 days or longer to get paid for the
work you’ve already done. We pay you sooner. As soon as 24 hours, in
fact. That way you can get back to doing great things. Whether that means
buying better equipment, hiring more employees, or getting a new gumball
machine, eCaptial shares your dreams.
It’s as simple as that. This is our passion. The reason we exist.
Learn more about us at eCapital.com or by calling 800.705.1500.
The safety of
yourself, other
drivers, and
your cargo is
your number one
priority while out
on the road. Be
sure to join your
local trucking
association to stay
up-to-date on all
state and federal
regulations.