Start Your Own Trucking Company With Your Own Motor Carrier Authority

The trucking industry is a vital part of the U.S. economy, transporting over $700 billion worth of freight each year. With the demand for trucking services expected to grow in the coming years, now is a great time to start your own trucking company. One of the most important decisions you'll make when starting a trucking company is whether or not to obtain your own motor carrier authority.

The Boss Road To Trucking: Start Your Trucking Company With Your Own Motor Carrier Authority

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Motor carrier authority is a license issued by the Federal Motor Carrier Safety Administration (FMCSA) that allows you to operate a commercial motor vehicle (CMV) in interstate commerce. If you plan on hauling freight across state lines, you will need to obtain motor carrier authority.

The Benefits of Obtaining Motor Carrier Authority

There are several benefits to obtaining your own motor carrier authority, including:

• Increased flexibility. With your own motor carrier authority, you can choose the type of freight you want to haul and the routes you want to travel.
• Higher earning potential. Carriers with their own authority can typically earn more money than carriers that lease their authority to other companies.
• Greater control over your business. When you own your own authority, you have more control over your business decisions and operations.

The Steps Involved in Obtaining Motor Carrier Authority

The process of obtaining motor carrier authority can be complex and time-consuming, but it is essential for any trucking company that wants to operate in interstate commerce. The following steps outline the process:

1. File an application with the FMCSA. The FMCSA application is available online at https://www.fmcsa.dot.gov/registration. The application fee is $300.
2. Provide proof of insurance. You will need to provide proof of insurance that meets the FMCSA's minimum requirements. The FMCSA requires carriers to have at least $750,000 in liability insurance.
3. Pass a safety audit. The FMCSA will conduct a safety audit of your company to ensure that you meet the agency's safety standards. The audit will include an inspection of your vehicles, a review of your safety policies and procedures, and an interview with your safety manager.
4. Receive your motor carrier authority. Once you have passed the safety audit, the FMCSA will issue you a motor carrier authority number. This number will be used to identify your company in all FMCSA filings and communications.

The Costs of Obtaining Motor Carrier Authority

The cost of obtaining motor carrier authority can vary depending on the size and complexity of your company. However, you can expect to pay at least $300 for the application fee and $1,000 for the safety audit. In addition, you will need to Free Download insurance and meet the FMCSA's minimum safety standards. These costs can add up quickly, so it is important to factor them into your business plan.

Obtaining motor carrier authority is an important decision for any trucking company that wants to operate in interstate commerce. While the process can be complex and time-consuming, the benefits of owning your own authority can be significant. By following the steps outlined in this article, you can increase your flexibility, earning potential, and control over your business.

The Boss Road To Trucking: Start Your Trucking Company With Your Own Motor Carrier Authority

5 out of 5

Language	:	English
File size	:	4816 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	45 pages
Lending	:	Enabled

FREE