Are you an entrepreneur but you lack ideas on what transport business to start? If YES, here are 100+ best business ideas in the transportation industry.
Today, many investors prefer to put their money into a transport business than into a new idea because transportation business ideas and opportunities have predefined models, standard operating procedures, and a recurrent revenue stream that flows steadily as long as some predefined requirements are met. Yet another beneficial area in the transport industry is that no matter the level of capital you have, (huge or meager), there must be a business that can suit you.
Being a continuously growing and diversifying industry, there is always room for investment in the transportation industry. If you are open to ideas on how to start off in the industry, we have provided you a couple that you can look into.
100+ Best Business ideas in the Transportation Industry
There are large chunks of imported goods that need to be transported to several towns and cities until they reach the small retailers and final consumers who need them. Trucking and haulage are the vital links that connect imported, manufactured, and cultivated goods to their final consumers. Without these heavy-duty trucks and tankers, commerce may somewhat be at a halt. You can consider the trucking business if you can handle heavy duty vehicles and if you have a CDL and the required licenses.
A moving company, removalist or van line is a company that helps people and businesses move their goods from one place to another. It offers all inclusive services for relocations like packing, loading, moving, unloading, unpacking, arranging of items to be shifted.
Some people are known to move more than others, thus making this industry to be lucrative. Your busiest time would be during the summer and you can still find jobs to fill in the remaining months if you are dynamic enough with the business. This business is also easy to start as you only need to get your CDL and register your company.
Taxi cabs are preferred by those who want to have a chauffeur drive them to their destinations, and a lot of people prefer to use this mode of transportation, making it a lucrative business idea. While taxi cabs are known to pick customers off the road, private hire taxi cars serve customers who make a prior booking (especially via telephone).
Although many taxi cabs in the cities are operated by their owners, there is a growing trend of private taxi cab companies too.
These companies own a fleet of branded taxis and hire drivers (often on a fixed salary). Depending on the brand and condition of the car (new or second hand), a suitable vehicle for a taxi cab business can cost between $5,000 and $15,000. Because taxi cabs are often regulated in most cities, they have to be registered with the relevant city council authorities.
With increased difficulties of getting products sent to remote parts of the country, courier services continue to gain more grounds and value. The advent of e-commerce has also spiked the income of courier companies as online stores are introducing more enticing packages like same-day deliveries and money-back guarantees, thus driving the number of orders they get even higher.
You could take advantage of the need of people and companies to send items to different parts of the country at the lowest possible cost and fastest possible time, to start up a courier company with outposts in many parts of the country. By doing this, you will be tapping into a market that is greatly underserved, and the services and benefits you include to make people and companies patronise your service, can determine how far or not your business will go.
Hot shot trucking involves cargo that is generally smaller and rushed; and a lot of companies are known to hire contract drivers to complete just one run. Figuring out how to start a hot shot trucking business isn’t too hard. It’s building the business and keeping up the chaotic pace that’s difficult. Hot shot hauling is demanding, and generally doesn’t allow for breaks between pick-up and delivery because of the time sensitive nature of the cargo.
This kind of schedule can take its toll on truckers physically, mentally and can create a challenging life on the home front. Before you start your hot shot trucking business, be sure your family understands the demands it will make on family life. But in all, this business can even be more profitable than your regular transportation business if done right.
With the increasing demand for shipping services that offer reasonable prices and promise convenience, speed and reliability, no other time could be better than now for taking a plunge into the shipping business. The industry is growing and rapidly changing, thanks to the increasing dependence on online shopping. However, you must realize that the maritime/shipping industry is highly capital intensive and competitive.
Starting your own shipping company requires that you have in-depth knowledge of import and export procedures as well as the shipping, container, and logistics industries in your country.
You also need to know the legislation for crew members to work on-board your vessels, how to operate vessel within and outside specific ports, how to handle dangerous goods and other types of goods, and how to operate certain communication equipment on-board your vessel and many other legislation.
A private jet charter takes the stress out of travelling for leisure. Whether journeying alone, as part of a small party or family, private jet charter companies provide their clients neat functional jets for their travels. But one drawback with this rich business is that it is quite capital intensive.
A private plane costs tens of millions of dollars. The cost of buying a brand-new private jet ranges from $3 million to $90 million. Owning a private jet is a costly affair. It would be better to think about the net worth requirements after you’ve decided that you can live with the operating costs.
A charter bus is a large coach that is hired by an organization to transport a group of people to a destination determined by the group’s coordinator. Charter buses are the most popular option for group traveling and are used to travel short and long distances comfortably. Sports teams, businesses, organizations, and more rent charter buses to transport their groups to and from the destinations on their itineraries. If you can fund this business, you can easily make good profit from it.
A freight forwarder, also known as a non-vessel operating common carrier (NVOCC), is a person or company that organizes shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer or final point of distribution.
The freight forwarder works as a middleman between the transportation services and the shipper. They are responsible for arranging the entire process including the storage and the shipment of the goods. This is not a capital intensive business once you can sort out your licenses and vehicle.
Delivery is the process of transporting goods from a source location to a predefined destination. You can help your clients deliver goods, food, documents and parcels et al. With this type of business, you can choose to operate from any part of the country as long as there are businesses and people who will patronize your services. It is also easy to start and sustain.
Carsharing or car sharing or car clubs is a model of car rental where people rent cars for short periods of time, often by the hour. It differs from traditional car rental in that the owners of the cars are often private individuals themselves, and the carsharing facilitator is generally distinct from the car owner. You can convert your personal vehicles into shared cars which can be rented to other drivers on a short-term basis. Easy right?
With the ongoing driver shortage, rising freight demand, and increased rates, this could be a great time to start your trucking business. To start a profitable business, you need to support the right market niche, charge the right rate (per mile), determine your operating costs, use the right fuel-buying strategy, work directly with shippers, etc.
In coastal areas, fishing charter companies provide access to a variety of offshore fishing locations to locals and tourists. If you have a love of water and fishing, and enjoy spending time with different types of people, then starting a fishing charter business may be a good business opportunity. To start, you need to get a boat large enough to safely carry small groups on fishing trips. Boats should be at least 25 feet in length to accommodate small groups, usually up to six people, and the crew. Register your business, get the required license and start publicizing your business.
14. Freight Brokerage Business
Freight brokerage businesses are responsible for brokering deals with shippers and then facilitating the movement of a shipper’s freight. Freight brokers can run their own business or work for a freight broker company. They are responsible for arranging the transportation and tracking of a load hauled by a freight carrier.
They do not carry the freight themselves, they only make arrangements for them to be moved. If you know your way around the freight moving industry, this could be an easy to set up business for you.
An owner-operator trucking business usually means that you have one tractor and trailer to move cargo or personal goods interstate or intrastate. Being your own boss provides a lot of flexibility, but the costs to operate even a small trucking business are hefty.
But if you can manage to start, you can equally make some hefty profits from it. According to Indeed, owner operators earn an average salary of $184,803. At the very least, an owner operator should have a minimum of one year over-the-road experience, be in good physical health, and have access to good owner operator trucking software.
If you have a car and enjoy driving and sharing space with different strangers, then starting a shared car/taxi business might just be the business for you. The business is capital intensive but if you are serious and committed, you can make more than you initially invested into the business within a short period of time. To maximize your chances of earning more, you should open an online website and booking system where they can take bookings online.
Logistics is the process of planning and executing efficient transportation and storage of goods from the point of origin to the point of consumption. A logistics company plans, implements, and controls the movement and storage of goods, services or information within a supply chain and between the points of origin and consumption. Various logistic companies handle some or all of these supply chain functions, depending on a client’s logistical needs.
Because road transportation is the common and most used means of transportation across the world, the existing road networks and infrastructure are just not enough anymore to support the huge pressure. In fact, the traffic jam faced by commuters in some of the world’s biggest cities is leading entrepreneurs to provide a better alternative to road transport.
Water transport remains one of the most underdeveloped and underexploited means of transport across the developing world.
A lot of countries such as Italy, Thailand, etc, have effectively been utilizing their waterways as a means of transport; thus reducing the traffic congestion on the road. All you need to do is to incorporate a company, obtain license from the state and federal government, import or purchase some locally fabricated boats; and you are in business.
Airport shuttle business is indeed a very lucrative business venture but the fact remains that it is a moderately capital intensive business. As a matter of fact, you would need good capital to be able to acquire the buses, vans or cars to be used for your airport service.
You need to rent a space for your administrative jobs (bookings, customer care center, accounting et al), and you also need money to acquire the required license and permits. All these would gulp money, so must be financially prepared before launching an airport shuttle service. There are specific buses required to run as shuttles in the airport especially if your shuttle service is within the airport.
20. Airline Company
An airline is a company that provides air transport services for traveling passengers and freight. An airline’s basic function is to transport passengers and their luggage from one point to another. Just like any other service industry, the airline industry provides a service for a set price. While this business may be profitable, but it is heavily financially involving, and so it usually not a business for one investor.
A lot of the seniors due to health issues, end up surrendering their driver’s licenses at the request of a doctor or family member. Doing this leaves seniors essentially ‘trapped’ in their homes thereby creating a business opportunity for you.
One of the businesses that come in really handy at this point in life is a senior transportation business. Indeed, a senior transportation service is a cost effective alternative for a lot of seniors who need to meet up doctors’ appointments or run a few errands. This transportation business does not take much to start. You just need a reliable vehicle and your business license.
Pet taxi services transport pets to veterinary or grooming appointments on behalf of their owners. Busy professionals with full-time jobs find this type of service particularly valuable because their pets can now make it to weekday appointments without disrupting their work schedules.
A pet taxi business has a relatively low startup cost and can be a profitable way to enter the pet service industry. The fact that it is against the rule to transport pets in the same vehicle with human beings makes the pet transportation business a thriving business.
One of the hottest transportation businesses out there right now is the golf cart taxi. Some of the big cities in America are now using these vehicles where it is difficult to ride a taxi or some other similar vehicle. Golf Carts make it very easy to go from bar to bar or club to club and it is very simple for the passenger to get out and participate in activities happening around.
Just like booking a cab, the services of the golf cart taxi include pick-up and drop-off. This is one of the transportation businesses that do not require heavy capital to startup. You only need to get your golf cart taxis, set up your insurance and you are ready to go.
Grain hauling is a truck driving job that involves loading farmers’ grain harvest and transporting it to either a grain elevator or a storage bin. The fees paid for grain hauling are determined by the weight of the load being transported.
Getting the grain from point A to point B is a crucial job in the agricultural industry, and it can provide a good seasonal job for people who are willing to handle physical work and long periods of driving. Location is everything if you want to be profitable in this business, as you need to set up your business near farmers.
A car rental business is basically a company that rent out cars to people. Car rental companies buy cars in a large volume directly from the manufacturers in a process known as Fleet Sales. Since they cut out the middleman, they do not pay a dealer’s markup.
The first thing to consider when starting this business is the type of car rental you intend to operate. You will have to know the types available – contract hire and daily hire, and decide which you want to go on. You get to make money from the business by charging rent for vehicles.
The business of car hauling is great if you have a passion for cars and want to travel and get paid for it. It is the kind of business that knows no bounds. You could do it within the confines of your local neighborhood or expand it to the state or even the entire country if you want. Before you jump into starting your own car hauling business, you need to make sure you have your CDL A license. With that, you can set up your business and hit the ground running.
A limousine (or limo) is a luxury sedan or saloon car generally driven by a chauffeur and with a partition between the driver and the passenger compartment. The glamour of a limousine is predicated on it being newer, shiny, and fancy, and a single limousine may easily run you between $50,000 to almost $100,000.
The cost of insuring those vehicles will vary by vehicle type and region, but can easily be between $600 and $1,200 dollars, so you need to be financially capable to start this business. If you are a people person and love to work varied hours, then starting the limousine business might just be the right business for you.