Are you about starting a box truck company? If YES, here is a detailed sample box truck business plan template & FREE feasibility report. The moving and storage industry is a $15 billion industry in the United States. About 42 million families each year use a moving company, or pay in some other way for their relocation.
And international moving companies are growing as fast as domestic ones. The industry promises a good level of success when one diligently seeks to do what is required of them. It is no surprise that there are lots of people already making it big in this business.
A Sample Box Truck Business Plan Template
Table of Content
- 2. Executive Summary
- 5. Job Roles and Responsibilities
- 6. SWOT Analysis
- 7. MARKET ANALYSIS
- 13. Startup Expenditure (Budget)
1. Industry Overview
A box truck which is also known as a box van, cube van, rolling toaster or cube truck—is a chassis cab truck with an enclosed cuboid-shaped cargo area. On most box trucks, the cabin is separate to the cargo area, however some box trucks have a door between the cabin and the cargo area.
The difference between a box truck and a van is that the cargo van is a one-piece (unibody), while a box truck is created by adding a cargo box to a chassis cab. Box trucks are often used by companies transporting home appliances or furniture, or are used as moving trucks which can be rented by individuals.
According to the American Moving and Storage Association (AMSA) – America’s moving and storage industry is one of the most complex and diverse collection of businesses in the country. It consists of large corporate organizations and “mom-and-pop” operations; of chief executive officers working in corporate suites and independent business people working in their trucks; and of van lines, their agency systems and independent movers.
Box truck business is classified under the moving and storage industry in the U.S and this industry is as diverse as the country itself. The industry’s national trade group, AMSA represents all facets of the industry: agents, forwarders, independent carriers, international movers, suppliers and van lines.
Statistics has it that The Moving and Storage industry in the united states of America consists of 7,000 companies operating at 13,900 locations primarily providing moving and storage services for household and office goods. Major names in United States include van lines, van line agents, independent full-service movers, international movers, forwarders, and auto transporters.
The moving and storage industry employs 122,600 people with an annual payroll of $3.6 billion and it is composed of mostly individual van/truck owners operating their businesses on a small scale.
General statistics on the moving and storage industry shows that 47.8 percent of companies in the industry employ fewer than 5 people. Only 8.5 percent of industry companies employ 100 or more people. AMSA members report operating a fleet of 50,000 trucks 32,000 tractor units for pulling semi-trailers and 18,000 straight trucks, regulated by the U.S. Department of Transportation and state motor vehicle agencies.
AMSA consists of more than 4.000 member companies, including: 150 companies in 85 countries outside the US and 200 companies in the industry’s supply chain.
The basic services rendered by the operators in the moving and storage industry include local and long-distance transportation of household and office goods; warehousing and storage services; packing and packaging services; process, distribution, and logistics consulting; merchandise sales and other services.
With the advancement of technology and the sole need for every individual is to live in a comfortable house, the moving industry keeps going high. As home sellers, buyers and renters prepare for 2016, hiring professional movers is likely to be on their moving checklist. It is anticipated that the five trends will be prevalent in the moving industry in 2016
Starting and operating a box truck company can be capital intensive and challenging, but the truth is that it can be rewarding at the same time. One good thing about the industry is that it is open for both big time investors who have the capacity to start the business with a fleet of trucks and aspiring entrepreneurs who may want to start with just one truck.
2. Executive Summary
Trans Terrestrial® Box Truck Company, Inc. is a registered and licensed box truck company that will be based in Brooklyn Park – Minnesota. We will provide local and long-distance transportation of household and office goods; warehousing and storage services; packing and packaging services; distribution, and logistics consulting; merchandise sales and other related services.
We will provide daily services all around Minnesota and across the United States of America. Trans Terrestrial® Box Truck Company, Inc. has been able to secure all relevant license and permits to operate throughout the United States.
We will ensure that we abide by the rules and regulations guiding the Moving and Storage industry and we will only hire experienced and qualified drivers with valid commercial driver’s license (CDL) to handle our vans and trucks. Our customers can be rest assured that they will get quality services at competitive rates.
We will go the extra mile to ensure the safety of goods under our care and our customers get value for their money. At Trans Terrestrial® Box Truck Company, Inc. our goal is to provide excellent service to our customers and we pride ourselves on the integrity and competence of our company and employees.
Trans Terrestrial® Box Truck Company, Inc. will ensure that all our deliveries of goods are on time and we supersede the expectation of our customers. We will only put box trucks and vans that are in top shape on the road, and all our drivers and materials handlers will be trained to be extra careful, pay attention to details, courteous, friendly and to abide by the rules and regulations of the industry.
We are quite optimistic that our values and quality of service offering will help us drive our business to enviable heights and also help us attract the number of clients that will make the business highly profitable. We are a company that will be dedicated to establishing good business relationship with our clients giving them value for their money and reasons for them to hire our services over and over again.
We are open to the use of latest technology in the Moving and Storage industry. No doubt our excellent customer service and the quality of services we offer will position us to always welcome repeated customers and handle massive deals both from government agencies and industrial giants.
Our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.
Trans Terrestrial® Box Truck Company, Inc. is a family business; it is owned by Mr. Peter Samuel. The company will be fully financed by Peter Samuel and his immediate family members. Peter has a diploma in Transport and Logistics Management and over 13 years’ experience in the Moving and Storage industry.
3. Our Products and Services
Trans Terrestrial® Box Truck Company, Inc. is established with the aim of maximizing profits in the Moving and Storage industry. We want to compete favorably with the leading box trucks companies in the United States which is why we will ensure that every service carried out meets and even surpasses our customers’ expectations.
Our service offerings are listed below;
- Local and long-distance transportation of household and office goods
- Warehousing and storage services
- Packing and Packaging services
- Process, distribution, and logistics consulting and advisory Services
- Merchandise sales and other related services
4. Our Mission and Vision Statement
- Our vision is to become one of the preferred choices of individuals and organizations when it comes to the demand to moving light duty furniture/appliances in the United States of America.
- Our mission is to ensure that we build a successful box truck company that will operate not just in Brooklyn Park, Minnesota but in the whole of the United States of America; a company that will boast of having some of the best and reliable material handlers and transporters in the whole of the United States of America.
Our Business Structure
Our business structure will be designed in such a way that it can accommodate both full and part-time/contract staff; those who just want to take some time off to generate additional incomes. Adequate provision and competitive packages have been prepared for our employees.
At Trans Terrestrial® Box Truck Company, Inc. we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders.
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. For now, we will contract the maintenance of our box trucks to service provider, we don’t intend to maintain a very large overhead from the onset.
But as soon as the business grow and stabilize, we will assemble our own in-house maintenance team. Below is the business structure and the roles that will be available at Trans Terrestrial® Box Truck Company, Inc.;
- Chief Operating Officer (Owner)
- Admin and HR Manager
- Transport and Logistics Manager
- Marketing and Sales Executive (Business Developer)
- Box Truck and Van Drivers
- Material Handlers / Yard Spotters / Forklifts Operators
- Customer Services Executive / Front Desk Officer
5. Job Roles and Responsibilities
Chief Operating Officer (Owner):
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
- Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for fixing prices and signing business deals
- Responsible for providing direction for the business
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
Transport and Logistics Manager
- Responsible for coordinating drivers, vehicles, loads and journeys
- In charge of operating IT systems
- Responsible for negotiating and agreeing contracts
- Responsible for developing and confirming schedules
- In charge of planning for and negotiating technical difficulties
- Responsible for preparing paperwork for regulatory bodies
- Responsible in liaising and managing staff
- Ensuring all partners in the supply chain are working effectively and efficiently to ensure smooth operations.
- Communicating effectively with clients and responding to their requirements.
- Directing all transportation activities.
- Developing transportation relationships.
- Monitoring transport costs.
- Negotiating and bargaining transportation prices.
Admin and HR Manager
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Design job descriptions with KPI to drive performance management for clients
- Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
- Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
- Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
- Defining job positions for recruitment and managing interviewing process
- Carrying out induction for new team members
- Responsible for training, evaluation and assessment of employees
- Responsible for arranging travel, meetings and appointments
- Oversee the smooth running of the daily office activities.
Marketing and Sales Executives (Business Developers)
- Identify, prioritize, and reach out to new clients, and business opportunities et al
- Identifies development opportunities; follows up on development leads and contacts
- Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
- Responsible for handling business research, market surveys and feasibility studies for clients
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Document all customer contact and information
- Represent Trans Terrestrial® Box Truck Company, Inc. in strategic meetings
- Help increase sales and growth for Trans Terrestrial® Box Truck Company, Inc.
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- Provides managers with financial analyses, development budgets, and accounting reports
- Responsible for financial forecasting and risks analysis.
- Performs cash management, general ledger accounting, and financial reporting for one or more properties.
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensuring compliance with taxation legislation
- Handles all financial transactions for the company
- Serves as internal auditor for the company
Box Truck and Van Drivers
- Assist in loading and unloading goods/materials
- Maintain a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
- Keep a record of vehicle inspections and make sure the truck is equipped with safety equipment, such as hazardous material placards.
- Inspect vehicles for mechanical items and safety issues and perform preventative maintenance
- Comply with truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
- Collect and verify delivery instructions
- Report defects, accidents or violations
Material Handlers/Forklift Operators
- Responsible for handling core services such as operating forklifts, loading and unloading materials, packing and packing goods et al
- Handle general services that involves the transportation of goods from one location to another location
- Handle any other duty as assigned by the transport and logistics manager
Customer Service Officer
- Welcomes clients and visitors by greeting them in person or on the telephone; answering or directing inquiries.
- Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
- Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
- Manages administrative duties assigned by the manager in an effective and timely manner
- Consistently stays abreast of any new information on the organizations’ products and, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries
6. SWOT Analysis
Going by our vision, our mission and the kind of business we want to set up, we don’t have any other option than to follow due process. Following due process involves hiring a business consultant to help us conduct SWOT analysis for our business.
Trans Terrestrial® Box Truck Company, Inc. hired the services of a seasoned business consultant with bias in startups in the U.S. to help us conduct a thorough SWOT analysis. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Trans Terrestrial® Box Truck Company, Inc.;
Our strengths are strong management, strong fleet operation, our transportation network, size advantages, cost advantages, customer loyalty and strong reputation amongst domestic and industry players. Our business is centrally located in a densely populated industrial and residential estate in and around Brooklyn Park – Minnesota; our location is in fact one of our major strength. Another strength that counts for us is the power of our team; our workforce and management.
Our weakness could be lack of finance, high debt burden, cost structure, lack of scale compared to our peers who have already gained ground in the industry. As a new business which is owned by an individual (family), and we may not have the financial muscle to sustain the kind of publicity we want to give our business. As a new business, we are also quite aware that it will take time for us to build trust with our clients.
The opportunities that are available to us as a box truck company in the United States are online market, new services, new technology, and of course the opening of new markets. We are centrally located in one of the busiest industrial areas in and around Brooklyn Park – Minnesota and we are open to all the available opportunities that the city has to offer.
Our business concept also positioned as the preferred choice in and around Brooklyn Park- Minnesota. The truth is that there are no standard and well – equipped box trucks company within the area where ours is going to be located; the closest box trucks company to our proposed location is about 15 miles away. In a nutshell, we do not have any direct competition within our target market area.
Some of the threats that we are likely going to face are mature markets, bad economy, stiff competition, volatile costs, and rising fuel prices.
Other threats that are likely going to confront Trans Terrestrial® Box Truck Company, Inc. are unfavorable government policies, seasonal fluctuations, demographic/social factors, downturn in the economy which is likely going to affect consumers spending and of course emergence of new competitors within the same location where ours is located.
7. MARKET ANALYSIS
- Market Trends
The market trends as it involves the Moving and Storage industry especially in the United States is indeed dynamic and at the same time challenging. But one thing is certain, once a box trucks company can gain credibility, it will be much easier for the company to secure permanent deals/contracts with big time merchants and warehouse operators who are involved in moving goods on a regular basis.
The demand for the services of box trucks companies is highly correlated with consumer spending. With the advancement of technology and the need for every individuals is to live in a comfortable house, the moving industry keeps souring high.
Some of the major factors that count positively in this line of business are competence, trust, honesty, good relationship management and of course timely and safe pick-ups and deliveries.
8. Our Target Market
Our target market is basically everyone who has cause to move light goods and materials from one location to another. In other words, our target market is the whole of the United States of America and below is a list of the people and organizations that we have plans to do business with;
- Merchants and Warehouse Operators
- Retailers who would want to move their goods from one location to another
- Manufacturers (furniture manufacturers, and home appliances manufactures et al)
- Households who would want to move from one apartment to another
- Corporate organizations who would want to move from one office to another
- Government agencies who have cause to move light goods and materials
- Non – Profits and Charity organizations who have cause to move light goods and materials.
Our major competitive advantage is the vast industry experience and solid reputation of our owner Mr. Peter Samuel, and of course our management team. Trans Terrestrial® Box Truck Company, Inc. no doubt is a new box trucks company, which is why we took our time to do a thorough homework before launching the business.
We were able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are trust, honesty, good network and excellent relationship management strong management, strong fleet operations, our transportation network, our size advantages, cost advantages, supply chain, customer loyalty and strong reputation amongst domestic industry players.
Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we can comfortably work with both small and large agencies.
Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and objectives.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Trans Terrestrial® Box Truck Company, Inc. will ensure that we leverage on our strength and the opportunities available to us in the U.S. market to generate enough income that will help us drive the business to stability. Below are the sources we intend exploring to generate income for Trans Terrestrial® Box Truck Company, Inc.;
- Local and long-distance transportation of household and office goods
- Warehousing and storage services
- Packing and Packaging services
- Process, distribution, and logistics consulting and advisory Services
- Merchandise sales and other related services
10. Sales Forecast
We are well positioned to take on the available market in the U.S. and we are quite optimistic that we will meet our set target of generating enough income/profits from our first month or operation and grow the business and clientele beyond Brooklyn Park, Minnesota to other states in the U.S.
We have been able to examine the Moving and storage industry, we have analyzed our chances in the industry and we were able to come up with the following sales forecast. Below is the sales projection for Trans Terrestrial® Box Truck Company, Inc., it is based on the location of our business and our competitive advantage;
- First Fiscal Year (FY1): $250,000
- Second Fiscal Year (FY2): $600,000
- Third Fiscal Year (FY3): $900,000
N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales Strategy
The marketing strategy for Trans Terrestrial® Box Truck Company, Inc. is going to be driven basically by professionalism, excellent customer service, honesty and quality service delivery. We will ensure that we build a loyal customer base. We want to drive sales via the output of our jobs and via referral from our satisfied customers.
Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets. Trans Terrestrial® Box Truck Company, Inc. is set to make use of the following marketing and sales strategies to attract clients;
- Introduce our box truck business by sending introductory letters alongside our brochure to corporate organizations who into manufacturing, merchants and warehouse operators, households and key stake holders in and around Brooklyn Park, Minnesota
- Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al.
- Use friends and family to spread word about our business
- Post information about our company and the services we offer on bulletin boards in places like local coffee shops et al
- Place a small or classified advertisement in the newspaper, or local publication about our company and the services we offer
- Leverage on referral networks such as agencies that will attract clients who would need our customized services
- Advertise our business in relevant magazines, newspapers, TV and radio stations
- Attend relevant expos, seminars, and business fairs et al to market our services
- Engage in direct marketing approach
- Encourage the use of Word of mouth marketing from loyal and satisfied students
- Join local chambers of commerce and industry to market our services.
11. Publicity and Advertising Strategy
Any business that wants to grow beyond the corner of the street must be ready to utilize every available means to promote the business. We intend growing our business beyond Minnesota which is why we have perfected plans to build our brand via every available means.
We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. Below are the platforms Trans Terrestrial® Box Truck Company, Inc. intend leveraging on to promote and advertise her box truck business;
- Place adverts on both print (newspapers and magazines) and electronic media platforms
- Sponsor relevant community based events/programs
- Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our services
- Install our Billboards in strategic locations all around Minnesota
- Distribute our fliers and handbills in target areas
- Contact corporate organizations, households and key stake holders by calling them up and informing them of Trans Terrestrial® Box Truck Company, Inc. and the services we offer
- List our company in local directories/yellow pages
- Advertise our company in our official website and employ strategies that will help us pull traffic to the site.
- Ensure that all our staff members wear our branded shirts and all our box trucks are well branded with our company logo.
12. Our Pricing Strategy
Trans Terrestrial® Box Truck Company, Inc. has a lease arrangement with various companies and the company’s pricing is based on miles per tons of goods transported. We have perfected our plans to charge competitive rates since we have minimal overhead compared to our competition in the industry.
Our prices will be affordable and negotiable. The fact that our business door is open to both individuals and corporations means that we will have different price range for different category of clients. As the business grow, we will continue to review our pricing system to accommodate a wide range of clientele.
- Payment Options
Our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them but at the same time, we will not accept payment by cash because of the volume of cash that will be involved in most of our transactions.
Here are the payment options that Trans Terrestrial® Box Truck Company, Inc. will make available to her clients;
- Payment by via bank transfer
- Payment via online bank transfer
- Payment via check
- Payment via bank draft
- Payment via POS
Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash.
13. Startup Expenditure (Budget)
This is what it would cost us to start Trans Terrestrial® Box Truck Company, Inc. in the United of America;
- The Total Fee for incorporating the Business in the United States of America – $750.
- The budget for Liability insurance, permits and license – $5,500
- The amount needed to acquire a suitable Office facility with enough parking space for our trucks in Brooklyn Park – Minnesota for 6 months (Re – Construction of the facility inclusive) – $150,000.
- The amount required to finance the purchase of the first set of box trucks and cube vans – $800,000
- The cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al): $5,000
- Cost of accounting software, CRM software and Payroll Software – $3,000
- Other start-up expenses including stationery – $1000
- Phone and Utilities (gas, sewer, water and electric) deposits – ($3,500).
- Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $120,000
- The cost for launching our official Website: $600
- Additional Expenditure (Business cards, Signage, Adverts and Promotions et al): $2,500
Going by the report from our market research and feasibility studies, we will need about $900,000 to set up our box truck business in Brooklyn Park, Minnesota.
Generating Funds/Startup Capital for Trans Terrestrial® Box Truck Company, Inc.
Trans Terrestrial® Box Truck Company, Inc. is owned by Mr. Peter Samuel. He will be the sole financier of the company but may likely welcome other business partners when need for expansion arises. These are the areas we intend generating our startup capital for our business;
- Generate part of the startup capital from personal savings
- Source for soft loans from family members and friends
- Apply for loan from the bank
N.B: We have been able to generate about $200,000 (Personal savings – $150,000 and soft loan from family members – $50,000) and we are at the final stages of obtaining a loan facility of $700,000 from our bank. All the papers and documents have been signed and submitted.
14. Sustainability and Expansion Strategy
Part of the plans we have to sustain Trans Terrestrial® Box Truck Company, Inc. is to ensure that we continue to make available reliable box trucks, deliver quality services, improvise on how to do things faster and cheaper. We are not going to relent in providing conducive environment for our workers and also the required trainings that will help them deliver excellent services at all times.
We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better. Trans Terrestrial® Box Truck Company, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of.
Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
- Business Name Availability Check: Completed
- Business Incorporation: Completed
- Opening of Corporate Bank Accounts: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Application for business license and permit: Completed
- Purchase of Insurance for the Business: Completed
- Acquiring of box trucks, cube vans and forklifts: In progress
- Renting of Office Facility (Yard) in Brooklyn, Minnesota: Completed
- Conducting Feasibility Studies: Completed
- Startup Capital Generation: Completed
- writing of business plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents: In Progress
- Design of The Company’s Logo: Completed
- Printing of Promotional Materials: Completed
- Recruitment of employees and drivers: In Progress
- Purchase of furniture, office equipment, electronic appliances and facility facelift: In progress
- Creating Official Website for the Company: In Progress
- Creating Awareness for the business (Business PR): In Progress
- Health and Safety and Fire Safety Arrangement: In Progress
- Establishing business relationship with key players in the industry: Completed
Frequently Asked Questions
How Do You Start A Box Truck Business?
Here are simple steps to follow to start your own box truck business.
- First Make a Business Plan
- Get Your Box Trucks Through a Box Truck Lease
- Hire Part-Time Employees
- Print Rental Forms for Customers
- Advertise Your Business.
What Are Some Ideas For A Box Truck Business?
- Mobile Billboard
- Delivery Service
- Moving Service
How Do You Become A Box Truck Owner Operator?
In order to become a box truck owner-operator, you are expected to first own a well-maintained box truck. Additionally, you must hold a valid driver’s license. Most companies will require their drivers to pass a background check and vehicle inspection. It is also helpful to have a hitch and lift gate installed on your box truck.
How Much Is A Used Box Truck Worth?
Below is pricing guide based on industry averages to give you an idea of what you can expect to pay for your used box truck.
- A 10-year-old box with 200,000 miles has an average cost between $5,000 and $10,000.
- A 5-year-old box truck with 100,000 miles has an average cost between $10,000 and $20,000.
- A 1-year-old, 16′ box truck with a few thousand miles has an average cost around $40,000.
- Used or new, if you need a refrigerated truck, expect to pay more. Refrigerated box trucks have an average cost of $10,000 over standard prices.
How Much Is Insurance For A Box Truck?
Box truck insurance generally costs about $2,000 – $40,000 per power unit per year.
What Business Can You Start With A Small Box Truck?
Owning a small box truck gives you the chance start a business like; junk removal business, turning it into a food truck, provide moving services, or even mould something that fits into your schedule best as an independent contractor.
What Type Of Insurance Is Needed For A Box Truck?
If you’re a private carrier, you will need to purchase basic box truck insurance coverage like Liability insurance that can cover injuries or damage to people or property if you’re at fault in an accident. Also consider getting a Physical Damage Coverage that protects your vehicle if it is damaged in an accident.
Do You Need CDL for 24 Ft Box Truck?
Yes, you need a CDL to rent a medium-duty truck (22- or 26-foot box truck, 18- or 26-foot refrigerated truck, or 24- or 26-foot flatbed truck) as long as it has a GVWR of 26,001 lb. or more.
Can You Drive A Box Truck Without A CDL?
No, you may not need a CDL to drive a box truck. The parameters for whether or not you need a CDL to drive a box truck are actually quite simple. If the Gross Vehicle Weight Rating (GVWR) is above 26,000 pounds, you need a commercial driver’s license (CDL) to operate it.
How Much Money Can You Make Owning A Box Truck?
As of Apr 9, 2022, the average annual pay for a Box Truck Owner Operator in the United States is $110,275 a year, and this works out to be approximately $53.02 an hour. This is the equivalent of $2,121/week or $9,190/month.
How Do You Start A Commercial Truck Business?
- Write a business plan
- Legally establish your company.
- Obtain necessary business licenses and permits.
- Buy or lease the right equipment.
- Select the proper insurance coverage.
- Understand and track your income and expenses
- Find loads and grow your business.
- Stay in compliance
How Do You Go About Starting A Truck Delivering Business?
- Get a Truck or a Van
- Get Equipment
- Name Your Business
- Marketing Your Delivery Business
- Build Your Reputation
- Save Your Receipts
What Do You Need In Order To Start A Truck Dispatching Business?
- Register Your Business
- Establish an Online Presence
- Get a Load Board Subscription
- Start Making Connections
Do Box Trucks Have To Stop At Weigh Stations?
Yes, all vehicles registered as trucks are required to stop at motor carrier safety and weight inspection stations when signs direct them to do so.
How Much Does It Cost To Start A Box Truck Business?
An initial cost you can consider when starting your box truck business is about $6,000 to $15,000 (not including your equipment).
How Much Does A 26 Ft Box Truck Weigh?
- Gross Vehicle Weight: 25,999 lbs. max.
- Empty Weight: 12,990 lbs.
- Towing Capacity: Up to 7,500 lbs.
- Volume: 1,682 cu.
How Big Of A Box Truck Can You Drive Without CDL?
Box trucks that have a GVWR of less than 26,000 pounds do not require a CDL holder to drive them.
Can You Make Money With Straight Truck Or Box Truck?
A box truck business is one of the profitable types of businesses yet also the most competitive. While many box truckers are lucky enough to experience success at the start, the chances of it continuing only diminishes as time passes.
How Can You Make Money With A 16ft Box Truck?
- Home Moving Services
- Delivery Services
- Become an Independent Contractor
- Truck Rental
Can You Start A Trucking Business With One Truck?
Yes, when starting your trucking company you can buy or lease just one truck depending on what suits your needs best.
How Much Does A 26ft Box Truck Cost?
Between $50,000 and $90,000.
How Much Do Amazon Box Truck Drivers Make?
According to Glassdoor, Box Truck Driver salaries at Amazon can range from $18-$42/hr.
How Do You Start A Light Pickup Truck Delivery Business?
To start this business, here are steps to take;
- Know Your Truck
- Obtaining the Extras
- Know Your Capabilities
- Know the Law
- Acquire Insurance
- Seek Pickup Truck Delivery Jobs
What Is The Most Reliable Box Truck?
Isuzu N-Series: The Japanese automobile manufacturer, Isuzu, produces box trucks that are known for their reliability, fuel efficiency, and durability. In particular, the Isuzu N-Series, or NPR, is a perfect choice for those who value dependency and high performance.
How Much Does It Cost To Start A Trucking Company?
An initial cost you can consider when starting your trucking company is about $6,000 to $15,000 (not including your equipment). This includes registration and formation documentation that, on average, cost from $900 to $1,500. IRP plates could cost you anywhere between $500 to $3,000 per truck.
How Many Miles To The Gallon Does A Box Truck Get?
According to industry experts, smaller trucks (10 through 14 feet) usually average 8 to 10 miles per gallon. Medium trucks (15 through 19 feet) average about 6 to 8 miles per gallon. Larger trucks (over 20 feet) will get about 4 to 6 miles per gallon.
How Many Miles Will A Box Truck Last?
Box trucks can last 15 million miles with proper maintenance.
How Much Do You Pay For Box Truck License, Permits Registration?
The exact cost to get a box truck license and Permits registration will vary from state to state. For instance, the permit fee in Arizona is based on the permit length of the period requested.
- 30 days: $130
- 90 days: $390
- 180 days: $780
I’m In the Process of Starting a Box Truck Business, What Names Can I Call It to Make It More Appealing To Clients?
- Concrete Rose Transportation
- Quick load Freight Shipping
- Reed Trucking
- Rose City Transportation
- Sandbox Logistics
- Crown Express Transport
- Logistics Link
- Maverick Transportation
- McKnight Express
- Metropolitan Trucking
- Pelican Delivery
- Diamond Auto Transport
- Otto Trucking
- Premium Trucking
- Prime Inc.
- Diamond Line Delivery
How Do You Start A Truck Business Without A Truck?
You can start a truck business without a truck by using leased contractors. When you leverage these contractors, you profit from their trucks and labours, while they profit off your authority and liability.
What Is The Smallest Box Truck?
10-foot box truck.
How Do You Start A Truck Business Without Having To Drive It?
Trucking is a huge industry, and there are lots of ways to do this without having to drive it, and they include;
- Buy a rig and have someone else drive it. You would need to find (and buy) assets, drivers and shippers.
- Become a broker. Find shippers that want to ship and carriers that are willing to haul for your customers.
How Can You Start A Trucking Business With No Money?
It costs a lot to set up a trucking company. The good news is that you may not have to pay for it. If you’re wondering how to start a trucking company with no money, the answer is simple: find the right financing. While traditional financing will still cost you, certain options allow you to start up without any out of pocket costs.
How Do You Make 150k A Year Using A 24 Foot Box Truck?
It can be pretty hard to make $150K a year using a 24 foot box truck. There is too much competition and unused cargo capacity on the road for one operator to make that much with a single truck.
What Does A Successful Day As An Exclusive Loader Look Like?
Junk removal jobs tend to involve driving, lifting and loading heavy items or a lot of items. Some larger jobs may involve cleaning out garages, storage units, and basements full of junk that haven’t seen daylight in decades. Many Exclusive Loaders have days where they only pick up returns!
After you have picked up the items for return or disposal, you will choose what to do with that item. Most days you’ll haul between one and three items per job.
But How Much Does It Cost To Start A Trucking Business?
Cost for starting a trucking company includes:
- Formation and Registration documentation – $900-$1,500
- Insurance down payment on each truck – $2,000-$5,000
- IRP plates per truck – $500-$2500
- Permits, Heavy Vehicle Use Tax, etc. – $100-600
- State specific permits – $500
How Do You Start Your Own Trucking Company In Canada?
The step by step information to open a trucking company is as follows.
- Grab a CDL or have a truck driver’s license.
- Drive as a company driver for at least two years.
- Buy your own truck and drive as an owner-operator for two years.
- Apply for CVOR(Commercial Vehicle Operators Registration)
- Grow your network with drivers, owner-operators, shippers, and mechanics.
- Find some local shippers, by a stand by truck, start as an on-call local delivery service.
- Expand your local trucking company to the province.
- Apply for nationwide authorities, and operate a nationwide trucking company.
- Hire some owner-operators, and focus on starting a trucking dispatch service also.
- Apply for trucking authorities for the US and Canada and start logistics service.
How Much Do Amazon Prime Drivers Make?
All standard Amazon drivers — including those who work for local delivery service partners (DSPs) instead of directly with Amazon — make a minimum of $15 per hour with opportunities for higher earnings based on experience. This excludes those who work for Amazon Delivery franchises.
How Much Is Truck Insurance A Month?
Truck insurance can be as low as $100 per month.