We maintain a firewall between our advertisers and our editorial team. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We do not include the universe of companies or financial offers that may be available to you.īankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. But this compensation does not influence the information we publish, or the reviews that you see on this site. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. The offers that appear on this site are from companies that compensate us. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.īankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Based on our research we found that the typical trucking startup costs range from $12,000 to $250,000.We are an independent, advertising-supported comparison service. It is important to create a cash flow projection before you start your trucking business so that you can determine just how much you will need to get started. You will also need working capital for fuel, food, lodging etc during your first month while you wait to get paid by your customer. If you are buying a used truck you will definitely need to have cash in savings for any repairs. How much money do I need to start a trucking company?Īlthough you might be able to buy a used truck for $25,000 and be on your way, we recommend that you expect to spend at least $50,000 in startup costs to start a trucking company properly. You might also consider adding a freight brokerage service to your trucking business which could help you generate additional revenue. A high performing trucking startup can generate up to $400,00 in annual revenue with a single truck. On average, an owner-operator truck driver could expect to make $200,000 in annual revenue per year, or just under $17,000 per month before expenses. Our trucking financial projection template can help you run multiple scenarios to determine which type of truck might be most profitable for your specific situation. You should not only look at what type of truck is most profitable, but which type of truck would have the best percentage return on invested capital. Specialty trucking businesses are likely to be the most profitable type of trucking business, but would also likely come with a larger startup cost. What is the most profitable trucking business? If you are the owner operator, you would get to keep the driver wages as well and increase your overall take home pay. After paying the driver, you could expect up to $15,000 in annual profits. A single truck that is kept busy throughout the year might expect to generate approximately $185,000 in annual revenue. On average, a general freight trucking company can expect a profit margin of 6% - 8% of revenue. A well run trucking company can be quite profitable.
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