How to Run an Auto Transport Business

With more than four million businesses and people moving and relocating every year, there is plenty of opportunity for entrepreneurs who run an auto transport business. In addition to those who move, others who utilize the services of a vehicle transport company include car dealerships, collectors of antique cars and trucks and racecar drivers. Find a number of avenues for growth as you learn how to run an auto transport company.

Things You'll Need

• Trucking software Auto-hauling truck Commercial drivers license Insurance

Instructions

1. Invest in trucking software before you even open to get all your books organized and save time that can be better spent on marketing efforts. Get an application that tracks mileage and fuel costs, keeps account receivables in order, tracks driver time and other important record-keeping processes. Vazcor develops software especially for the auto transport industry and provides training and support for business owners.

2. Get important licenses and permits in addition to your commercial driver's license (CDL). The U.S. Department of Transportation and the Interstate Operating Authority provide information on their websites about required permission licenses. The Federal Motor Carrier Safety Administration keeps a database of auto transport carriers and logistics companies that you can check to find out if your licenses are up to date.

3. Carry enough insurance to cover each vehicle that you transport. Contact insurance companies that sell surety bonds to protect your personal finances as well as your company. Find niche insurance agencies that provide bonds for transport companies and are aware of your needs such as Tony Taylor Insurance Services or JW Surety Bonds.

4. Advertise on websites that reach people who purchase cars online. Websites such as eBay, Auto Trader and Easy Auto Sales are some of the fastest growing avenues for car and truck sales. Contact the websites for advertising opportunities to reach the numerous buyers looking for ways to get their purchases delivered.

5. Register with an auto transport broker that provides quotes to customers online. Look for brokers that check insurance coverage and follow up with customers to provide reviews and ratings for their referrals. Car Moving.com, for example, only brokers for transporters that comply with Federal Motor Carrier Safety Administration guidelines.

Tips & Warnings

• Consider leasing a truck when you have requests for moving that are greater than your current trucking inventory can handle. Invest in new trucks when you've established regular accounts to keep your trucks busy.

• Keep a close eye on fuel costs and fuel efficiency in your vehicles. Leave room in your contracts to cover rising gas prices or variances in gas prices from state to state.

Resources

• Vazcor