Own Authorty & Leasing On...
#1
Member
Thread Starter
Join Date: Jul 2005
Posts: 54
Own Authorty & Leasing On...
For starters, would it be worth wild to lease onto a company while building the business up when first starting out with your own authority? I would like to obtain my own authority by spring time. I reside in upstate NY and I'm not sure of the local freight. Maybe I should join a load board and study my area's of interest first.
Thanks
#2
It depends on your cash flow, and how much you already have invested in your business. If money is an object, then staying with a carrier and leasing on may be the way to go until you learn the "ins" and "outs" of this business.
Are you currently a CDL holding driver?
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Mud, sweat, and gears
#3
To start with most carriers will not allow you to have your own authority while being leased to them. It will be difficult to build a business such as you describe while being leased to another carrier. I think you need to decide which way will be best for you. If you have never owned a truck you may find the transition easier to lease to a carrier first. It takes more money to operate as a carrier than if you lease to someone. You don't mention how much driving experience you have, but unless you have at least 2 years driving experience, you will find it difficult to find someone to insure you without severe restrictions. Good luck.
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