Selling a Trucking Business When an owner-operator decides to retire, one option is to sell their trucking business. The first step is to determine the value of the business by considering factors such as the age and condition of the trucks, the company’s financial health, and the overall market demand for trucking services. To increase…
Retirement planning is crucial for everyone, but it is especially important for truck drivers who face unique challenges in their profession. The trucking industry presents its own set of hurdles when it comes to ensuring a comfortable and financially secure retirement. Knowing the available options for retirement plans and understanding the factors that may affect…
When forming a trucking company, one of the first things you will need to decide upon is a business structure. Possible business structures for trucking companies include limited liability corporations (LLCs), sole proprietorships, general partnerships, S corps, and C corps. What is the best business formation for a trucking company? While there are advantages and…
Whatever changing trends we see across industries, one thing is certain: businesses will continue to need to move goods across the country. That means there is always going to be a demand for trucking. There are many steps involved in starting a trucking company, but you do not need to be overwhelmed. In this guide,…
Trucking detention refers to the delays that commercial drivers may encounter while awaiting loading or unloading of their freight beyond the pre-established grace period. This regulation seeks to respect the driver’s time, balancing the need for efficient logistics with fair compensation for the driver. In the world of logistics and freight, detention is an integral…
Hopefully you are reading this guide as someone who either drives a semi-truck now, or is thinking about starting a career as a truck driver, and who has not yet been in an accident. But perhaps you are reading this after already getting into an accident. If you have been in a trucking accident, one…
As we have discussed before, salaries for truck drivers are influenced by a myriad of factors, extending beyond mere years on the road. Drivers who are adept at handling more complex situations—like navigating treacherous routes or taking on high-risk hauls—often see their earnings surpass the industry norms. Such drivers exemplify the value of a sterling…
After decades as a truck driver, I have received countless questions about my occupation. One of the ones I get asked the most is how much I make, or how much it is possible to make. Truck driving can be a lucrative profession, especially if you stay in it for the long haul (pun intended)….
Based on the popularity of our original 11/14 Rule guide, we wanted to give a 2023 update that goes deeper into the rules and regulations for driving maximums for the different types of drivers. Understanding Hours of Service Rules for Truck Drivers The Hours of Service (HOS) regulations play a crucial role in ensuring truck…
The question of whether truck drivers can carry guns is a complex one, with a variety of factors to consider. While there is no federal law specifically prohibiting truck drivers from carrying firearms, individual state laws and regulations, as well as trucking company policies, can determine whether or not a driver is allowed to have…
