It’s not difficult to make your way into the haulage industry – but driving your company to success could be a hard task. Before you invest time and money into your new venture, it’s crucial to think about the unique challenges of this industry.
In the following guide, we share our insider tips for launching a commercial transport business.
1. Consider the costs
Every successful business launch starts with financial backing, so you’ll first need to establish where your initial funding will come from. You could choose private investors, bank loans, sponsorship, or use your existing resources.
The logistics industry comes with specific commitments and expenses. You’ll need to cover licensing and toll fees alongside regular maintenance, fuel, and the cost of training your drivers.
2. Complete the paperwork
When you set up a business in any industry, you’ll need to be prepared to carry out administrative processes accurately and lawfully. Submitting tax forms, obtaining any relevant licences, registering employees, and arranging their training will all be critical steps.
Obtaining specialist haulage and logistics insurance could also help you protect your assets, liabilities, and the day-to-day operation of your business.
3. Choose your fleet
The only way to be confident that your drivers have the right vehicle for the job is by carefully selecting your future company fleet. If you’re planning on delivering large volumes of bulky cargo, arriving in a small van would be impractical and unprofessional.
You’ll need to consider:
- The type of supplies you’ll be transporting
- The volume of goods you’ll move every day
- The type of terrain and weather conditions you’ll drive through
The power, size, and fuel economy of the vehicles you’ll be working with should also be prioritised. You should always conduct research to find the most suitable and reliable vehicles for your company. Don’t be fooled into choosing the most popular manufacturer just to stay on-trend.
4. Put safety first
It’s crucial to invest in the safety of your vehicles and appropriate company protocols.
If you’re a complete beginner, it might be a good idea to find official training to help you start your transport and logistics business. Once you’ve got an idea of how to get your company off the ground, you’ll need to find regulated courses for HGV drivers too.
5. Find your customers
It’s only worth setting up a new transport and logistics company if you know you’ll be able to benefit from a wide, lucrative customer base. We’d recommend testing the waters first, using marketing techniques – including social media – to assess whether or not it’s worth launching your new company. Good luck!