Starting a trucking company involves more than just purchasing a truck. At OTR Solutions, we want you to succeed, so we’ve outlined ten essential steps to help you get your new trucking company on the road. From creating a business plan and securing necessary permits to obtaining insurance and managing finances, we provide comprehensive guidance to ensure your success. Our detailed steps will help you navigate the complexities of starting a trucking business, ensuring you have the knowledge and resources needed to thrive in the industry. Let’s get started on your path to success.
The U.S. Small Business Administration (SBA) has an excellent guide on writing a business plan. The SBA also offers small business loans for people with good credit histories.
Two OTR Solutions partners, Simplex Group and DOT Compliance Group, can help you navigate through complicated compliance matters. They will take care of the paperwork and file the application within the FMSCA on your behalf, helping you avoid costly penalties. Get set up legally in your state, navigate drug testing, plan for IFTA taxes, and more with our partners.
Two OTR Solutions partners, TruckerFi and Freedom Leasing can help you get the equipment you need. TruckerFi offers financing for new and used equipment for independent owner-operators and small fleet owners. Freedom Leasing provides trailer rental and leasing services, so business owners can grow without large capital investments.
Two OTR Solutions partners, Marquee Insurance Group (MIG) and Simplex Group, can help you find the best insurance policy to meet your needs. MIG has access to 50+ top-tier insurance companies to find you the best quote and personalized policy that meets the unique needs of your business. Simplex Group has been providing commercial trucking insurance and complete transportation services for more than 20 years.
To make this transaction even smoother and tailor-made for your specific needs, we recommend OTR Clutch – a game-changing, FDIC-insured banking solution designed specifically for truckers. It’s not just another bank account; it’s a partner in your business journey. It’s free to open and comes with overdraft protection and has no minimum balance fees.
OTR Solutions specializes in helping small carriers get started with honest, transparent, “no surprise” invoice factoring. Learn why our True Non- Recourse Factoring is ideal for a start-up business. Unlock premium factoring benefits with the OTR Clutch bank account, including priority invoicing and extended same-day payment cutoff times. Maximize your value by leveraging multiple products from a single, reliable source!
The OTR Fuel Card gives average savings of $0.51 off per gallon at in-network locations with savings as high as $1.88 off per gallon. OTR has partnered with some of the biggest fuel vendors in the industry such as TA Petro, AMBEST, and Speedway to make sure card holders can go to brands they know and love all over the country.
Two OTR Solutions partners, DAT Freight & Analytics and Sylectus, can help you find the right loads for your needs. DAT is the largest truckload freight marketplace in North America, while Sylectus specializes in expedited freight. With OTR’s blue checkmark integration into the DAT Load Board, you can easily determine which loads are factorable and what brokers are pre-approved by OTR to reduce fraud.
Check out our powerhouse partnerships. Like OTR Solutions, these companies are keenly in helping you succeed in the trucking business.