How Much Did It Cost To Start My Trucking Business | Startup Costs

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ABOUT ME:
What’s up y’all? I’m David McGill, a 2007 graduate of Indiana University’s Kelley School of Business, an experienced accountant, trucking business owner, and consultant. I created Trucking From Scratch®️ to help other entrepreneurs start, run, and grow successful trucking businesses by breaking down the business side of trucking.
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DISCLAIMER:
The information provided in this video should not be construed or relied on as legal, tax, investment, or business advice for any specific fact or circumstance. It's content was prepared by McGill Accounting LLC, with its principal office located at 1075 Broad Ripple Ave., PMB 390, Indianapolis, IN 46220. This video is designed for entertainment and informational purposes only. Viewing this video does not create an accountant-client relationship with McGill Accounting LLC. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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[@TruckingFromScratch]

👕 Get your Mind Your Trucking Business T-Shirt: truckingfromscratch.myshopify.com

[@andrewpowell8217]

I’m interesting in starting my own my business.. need some advise on how to start and what to do

[@filmaker256]

IF I don't have a CDL can I find routes and Hire truckers with CDL"s ??

[@BGrissom1983]

Lease the truck but get it from a truck sales place, get it as new as possible and put 5k down, your lease to own truck payment will be a 100% write off for taxes, make sure the truck is fairly new with low miles and a warranty and if you lease on to a larger company it’s cheaper insurance and down payment and I put 6k down on my flatbed trailer and grossed 270k I’m 2017

[@boomagoo321]

Thanks !

[@ryancainion7539]

With a leased truck... what is covered as far as repairs under warranty etc. the length of the lease? Thanks for your help bro.

[@brianrell1874]

How long was the lease?

[@kalimba04]

Excellent info!

[@felandowaller7181]

Dam nigga you balling..I wish you was in Virginia Im trying to start a Tractor Trailer business but I only wanna spend like $35,000 on each truck

[@yacyuuzi]

Man I dont think you realise how much you are helping. Thanks

[@JohnDoe-fs6lz]

Exactly knowledge will always outweigh money .

[@bernardleonard3299]

Good information bro I’m currently a truck business owner myself been doing it for 14 years. Little advice bro. Look into the truck auctions held in the United States and learn how it works. I could have got you 2 truck for 20, 700 or just one for 10k and saved you 10k knowledge is everything keep pushing bro ttyl

[@mohamedmohamed-dz3bu]

Knowledge is everything! And who are those auctions hosted by do u know?

[@shaychauntaye7047]

Bernard Leonard Thanks for the info. Do you know of any truck auctions that occur in the south East?

[@latreciafrancis9092]

Auctions sites or location please looking to buy in the next few months

[@rikkisetc]

@@latreciafrancis9092 ritchie brothers

[@yolandaallen-jackson7307]

Hello Bernard, I am here in the Midwest (St.Louis) looking to buy two trucks asap... Can you please advise? Thank you

[@user-ut9ww3zh9r]

This not for everybody. Straight to the point.

[@hammerlane831]

Sir!!! You are exactly what I have been looking for as far as information in the trucking industry. The way you explain and break down the information is second to none! I thank you for the knowledge that you share and for the time and effort your putting forth. I will definitely be contacting you real soon. Thank you again and keep up the tremendous job that you are doing. God Bless

[@frazierderrick1991]

Facts dude was so helpful

[@supkoopertttt8777]

Hes a great man for doing this ! Props and thank u very much

[@chriswoods5843]

once you pay for all that , for the second time you only have to buy the truck right

[@chriswoods5843]

@@supkoopertttt8777 once you pay for all that , for the second time you only have to buy the truck right ?

[@jonathannichols6857]

COMMENTS LIKE THESE CONCERN ME LMAOOO

[@jeffhaer7734]

Awesome video,,,No music or gimmicks,,,Just to the point.

[@rogeliohernandez4959]

Thank you for not being selfish, and sharing you knowledge with us. Hard to find people like you

[@truckinginfreshkicks3525]

This guy is a blessing 🙏🏽💯

[@BlackPirateKing]

Doing your thing young brother. Just got my LLC and EIN just waiting get my truck. Wish everyone much success

[@samlundt8020]

I’m currently in the same spot has been a struggle just to figure out what I need to do and in what order.

[@deelashea5017]

im currently in the same spot and would love to connect with you all email: [e-mail]

[@justinwalker2460]

What's the update?

[@jmax3326]

While registering whats is the category of the boxtruck business in the system?

[@MrJay-kb8xj]

This video may have just changed my life. Thank you bro.

[@Theelyment253]

My man gave the whole blueprint for free. Thanks bro🙏🏽

[@tejz22]

For some trucking is a 9-5 for others it’s away out .Keep up the videos my brother 💯💯

[@galehess6676]

god bless man. respect.

[@gamingclips1756]

Wise words

[@queencastlepodcast6828]

“Church” ✊🏿💯

[@ラッセル9728]

thats with any job

[@WickedxAngel]

@@ラッセル9728 I second that. Trucking is the best opportunity to making over +100k/yr without a degree. Tell me “any job” that requires no degree that matches trucking salary . 🌚

[@chriskladky5698]

Im not a trucker or starting a trucking business, but thank you! Its wonderful seeing a no bullshit youtube video. Thats a rare thing these days. Now, how about a video how one comes up with the $29,557 or lets just call it 30k dollars. 😎

[@slightreflections2921]

Chris Kladky work and save

[@charlesbradley7638]

Terrell Bailey facts it ain no other way around it

[@justinwalker2460]

Get a vehicle loan from the bank

[@jeremiahesty2815]

Mann your on point with your stuff bro..Great tutorial..

[@diondriasanders7906]

What an awesome video and a blessing. My husband is contemplating starting his own trucking company and we are in the research phase. Thank you sir for taking the time to make this video and I would love more information on your coaching/mentoring program.

[@sonnydayz2118]

Thank you for sharing. This is one of my goals in life.

[@JDoc-ib5wp]

Bro. From the bottom of my heart. GRACIAS!!

[@marchetta67]

Your vids are extremely informative and straight to the point. Without all the jibberish and blah blah blah. Just the facts. You don't know how many people you are helping with the info you provide. Keep up the great work! :-)

[@quentinmackey6552]

Thank you for this video. It was extremely helpful. I am in the process of starting my own Truck Line and was confused by all the fmsca regs and requirements. This helped me a lot as far as everything I need to be able to operate legally in the US

[@sm0othdude]

this was very informative, appreciate the knowledge. i plan on using this within the next year or so to start my own trucking company.

[@primowendy]

Thank you for this! I'll be checking out your other videos.

[@ruthepooh65]

Great information! My friend just went on his own and doing Very well. This info about the the Startup cost make it easier for me to make a Move to doing my own thing!👍

[@tracannon]

Truly, the best video on youtube for getting your authority. Truly great content worth sharing. Good job man.

[@wassdadeal]

Thanks for the info, I have been thinking about trucking for a long time and the more I listen to you the more I feel ready. Again thanks

[@christopherzablon8336]

Thanks David for your honesty and willingness to share this kind of trucking information.. The startup outlook is really promising

[@halfmanhalfamazing191]

Thanks for putting the information out there. So many people, when they become "successful", want to keep how they did it a secret.

[@rocadtransportation620]

I am just starting my trucking business and I watch your videos for all my advices. Thanks bro we appreciate you

[@SpottedLantern]

Thank you for the info. Straightforward, no music no games just information 👏🏾

[@patricksamuels725]

Thank you for your information I'm in the process of starting my own.

[@jdk4333]

This was most def helpful and very informative. I’m researching to get into the business. I can’t get a CDL so I figured I would own and hire a driver. I’m def subscribing to your videos.

[@3bouldersurban653]

Great video! Good to the point, no filler content! Good job bro!

[@htmcphee4]

Love the video, I do appreciate the information.

[@dawudthetrucker]

Keep doing your thing brother 💪🏾 very informative video!

[@ricl472]

Hey man I had to bump this a thumbs up for making it plain and simple. No glitter. Straight to the point. Big 10 fo!

[@SimplifiedPie]

Thank you for this video! I am almost 15 and I'm exploring business opportunities and opening a trucking company seems very interesting to me. The information you've shared in this video is very useful for knowing how to set up a trucking business!

[@derrickzenner9300]

That's worth a subscription. Thanks

[@GQ-jv9uw]

Great vid straight to the point

[@micmike]

Thanks David, appreciate your sharing these necessary topics and costs

[@DLOWBIMMERS]

Thank you so much ! This motivated me . Good to see a young black man working hard

[@jazrosales2008]

Wow, great info. God bless!

[@Mazel_Tov_888]

Great video love that you provide training good other stream of income. Keep up good work.

[@evolvewitholandrea8014]

First and foremost, thank you so much for taking time out your day to give us this knowledge. This video was perfect, I feel like anyone that paid attention to the video, you definitely set them up for success. This video was great, thank you again !!

[@weezyhendrixx6057]

Thank you so much! You’re a true OG for OFFERING GAME ✊🏽

[@randallmiller8238]

Thank you David for the simple and detailed videos, they are a blessing! The wife and I are looking to join the transport field together

[@dennisstewardjr8324]

If you need any help booking loads let me know asap. I dispatch for Box Trucks & Semi. First load is on me then I ask you to work with me for 14 days. If you like my service then we can move forward to a month to month deal. Have a blessed day and keep trucking!

[@jenniferwashington4960]

@@dennisstewardjr8324 I'm interested in this. My husband and I are starting up now.

[@louiskwaku8879]

Thank you sir for the Info. Getting my own truck in 2020. Just subscribed to your page.Love your videos

[@brandonjackson6818]

💯💯💯💪🏾💪🏾💪🏾💯💯💯🙏🏾🙏🏾🙏🏾

[@cdb122980]

Hello sir I just want too say thank you for sharing your knowledge on starting a trucking business.

[@deannapalexander]

Thank you so much David. I look forward to having you help me start my hauling auto trucking business... Deanna

[@johngrim9779]

You just gained a lifetime follower today.

[@themanimal1925]

Thank you, I'm preparing to start mine as well. You just broke it down to the very last compound.

[@Rogerdis215]

@Alina-Feicia Avram do you Have any companies you would suggest leasing with. Cowan said I was approved to lease but I haven't been seeing and hearing great things about them.

[@bradcoddington1679]

@@Rogerdis215 leasing your truck to a company is nothing more than a glorified truck driver who gets to pay for your truck plus maintain it without getting the entire freight rate. Your better off to get your own authority yes its harder in the beginning but it will pay much better because you will be the one who decides what a good rate is instead of just getting what that lease company decides what it wants to pay you.

[@denisedrake-partridge8456]

Mr Davis you're a good teacher and explain things very detailed. Thank you

[@slow2415]

Thanks so much for this. I am trying to get my business off the ground and this was amazing.

[@tatyanaprice7356]

After being in dispatch I absolutely loved it & now I've decided to operate my own trucking business... Thank you this was a great refresher 💯

[@MrHitmanmatt]

I'll work for you

[@shawnmichael4785]

How is that going

[@thaksanaketheswaran5082]

whats a dispatcher?

[@edgarsorto4915]

Was up with a update. Is everything well?

[@teebaby0115]

good to see another woman of color!

[@Bluelineclapper312]

This helps a lot actually.I just started my business last month and still goin through the process. thanks for the video.

[@litllececretz8618]

How’s the business going bro ?

[@litllececretz8618]

I always wanting to do that but a little nervous

[@sarahholleran6230]

Hi did u get a box truck and where did u get it from? Having issues, Penske said no due to traveling through the country and not having “experience” to my bf.

[@wandering6480]

how is it going so far?

[@EmperorEdselstein]

Thank you for posting this. I am feeling more confident about starting mine.

[@quincyclaybon7256]

Best video ever. Laid all out for what you need to know to get started. Thanks bud

[@slodowngotx9841]

Saving up to do these exact things

[@charliecolvin901]

Thanks, David

[@soprettyceo]

A true king 🤴🏾 thanks for blessing us with this incredible information ❤️

[@HypnotiqBad]

Great information provided! Provides an overview of what is needed. Thank you!

[@jamesbrown5420]

Amazing information

[@monisolaelliott9346]

I am a former truck driver for Prime and other independent companies and this has always been my goal! Thank you for this concise information. God bless you!

[@abdulsomedahmedyussif366]

Let's partner

[@UnpredictableAri]

That’s dope to see a woman driving trucks

[@tonykollar6870]

I'll fund you

[@monisolaelliott9346]

@@tonykollar6870 I can’t drive anymore due to degenerative disk disease. I would have to find a reliable driver

[@mobmotivation6797]

Looking to get into this game do trucks really make 100k + in America

[@astalavista007uk]

I live in Europe and I could find a similar video breaking everything down and explaining what they mean like you’re doing. Bless you sir 🙏🤞👌

[@dlynn4188]

It good to see brothers, helping others with information. About the trucking business.

[@madagent101]

Thanks, David you got right to the point. Now can you make a video part 2, what expenses from the list are monthly?

[@TruckingFromScratch]

kzbin.info/www/bejne/q5akcpZop7GNq5Y

[@ntchwaidumela6752]

Great content bro. For a follow-up you can break down the reoccurring costs and set-asides for maintenance/tires.

[@kenworthvspeterbilt5238]

Thanks David. I'm willing to start my own company in about a month. Thanks so much for these informations

[@ajempire3056]

I’m going to pay the cost to look at the ways to start my trucking company business bro I’m thankful I came cross your channel

[@SmoothOperator412]

Thank you for this. I’m a non cdl straight truck driver and I’ve been on the fence about getting a cdl and starting my own authority

[@TheTruelakersfan]

Cool last name you have.Mine name Seymour Butts.

[@dennisstewardjr8324]

If you need any help booking loads let me know asap. I dispatch for Box Trucks & Semi. First load is on me then I ask you to work with me for 14 days. If you like my service then we can move forward to a month to month deal. Have a blessed day and keep trucking!

[@GGE415]

I love that you chart/table the information

[@marvinfoster404]

thanks bro, I've been following these steps and watching your videos and once again just wanted to thank you for your help!

[@gilbertofuentas9883]

This is absolutely insane all the government hurdles one must go thru. Government is the problem

[@Ranchready496]

Yup; government sucks!

[@weylandthomas9031]

Government and their regulations/fees/licenses etc. have always been the problem.

[@johnm5855]

This government regulations kill small guys and help big companies for big companies is a tax write off for a small new guy is killer its the same in restaurant business its called corruption big guys pay off crappy government regulators like this BS eld i pulled at las vegas convention center to pickup and I had to wait there 14 hours by the time I loaded i was all out of time so now I have to wait 10 hours before I can leave even known i waited there didn't do much but my time moved as I moved a few yards up every few hours that's all good old crappy government at work

[@makefe123]

Your insane

[@davehughesfarm7983]

Dam right I hate all that shit...KIck the tires buy some insurance and lets go...Its why most farmers have always been outlaws..Buried in paperwork..

[@JQAMERICANA1]

should I get started even though I'm nowhere close to owning a truck or trailer? great video bro

[@andrehughes7620]

God Bless you Bro. I just starting my journey, and will be in touch. Thank you. 💯

[@kicikocani1]

this is the best truck video on the planet cheers from UK

[@itsmechrisandre9255]

Very direct. Short and simple. Straight to the point. Learned alot

[@augustayarteh7524]

Great explanations my dear brother. The expenses to start that truck business is expensive . It takes people who love to run it well. If you as the owner run it you will careful of driving it you will save a lot from it my own thought on this explanations. Nice one sir.

[@Gmoneyluv4u]

That's really not expensive! Trucks cost way more than that, its probably used. I have a friend who drives and he spent $30000.00 just for the truck and it was well used @ 2,000,000 miles with a warranty to completely overhaul the engine which is about 27,000.00. So believe me this is not much how he's breaking it down with acquisition cost and fees??

[@california_rebel]

This is what I needed to see. I really appreciate you.

[@user-tv8yw4gv8n]

Valuable info. Really appreciate it. I am just starting out and this info will help me a long way.

[@siddiqiddrisu9408]

Great video! Quick question: how long did it take you to complete all these tasks?

[@eduardoanglin2019]

Hello David. Thank you for the information, really good! My question is. Starting a truck company that picks up loads and take to a bigger carrier company for national delivery. Is there such a thing?

[@michaelbays809]

Fantastic info, I was guess-temating expenses and that was about exactly on fees. The truck purchase Mount will differ greatly being there are alot of options. Thank you for the video!!

[@seniortillman]

One Love ...your transparency is greatly appreciated. Thanks for sharing

[@ortbrad242]

Free game alert 📢📢

[@ASS0AsS]

I want start up become an owner operator. Where do I start first ? I’m trying start off leasing truck from Penske before actually buying truck . But they only rent to companies, do I need an LLC or what ??

[@rami5986]

Thanks a lot brother,thank God I found you I been looking for this information for a long time,I try to email you this Tuesday to see if you can get me started,blessings

[@giovannireyes9455]

Brother thanks so much for the information! There are people who don’t wanna see others eating. You’re welcome to my table once I get it set up 👏🏽

[@dannyb175]

I’m tryin to get my dot an mc ASAP’ I need information on da pls n ty for the video👍🏻👍🏻

[@JohnTheMexicanic]

Create an account with FMCSA apply for yourj DOT. After you can apply for your MC if im not mistaken. Not sure if they charge for the DOT but I know MC is $300 one time pay. My dad and I run intrastate only so we don't need an MC. MC is more for interstate carrier for hire/out of state. But if you do decide to get your MC then you'll need your IFTA, portion license plates BOC-3 and i believe that's it. But in order for you to apply for the MC you need to have the insurance active before applying for MC as per FMCSA rep. If you want alot more info give FMCSA a call and they should be able to answer your questions. If they can't answer your questions then ask them to refer you to someone that can answer your question. Trust me. That's what I've been doing for an entire month now. Speaking to different people none stop and im kinda liking it lol.

[@9lamota]

La Senda Enterprises Inc is there to help!

[@UnpredictableAri]

What is dot

[@cregxy]

Do you have to purchase your own truck and trailer or could you get drivers who have their own truck under your authority? Or could they rent?

[@bigc8375]

I will be looking you up when I move back to Ohio thanks for your time

[@irvintuckeriii884]

Great info and easy to understand on starting your own trucking business.

[@TruckDriver326]

I seen people your way when they ask me what to do.

[@TruckingFromScratch]

*TRUCKING FROM SCRATCH* Check out my tools + resources designed to help your business succeed: truckingfromscratch.teachable.com

[@JAGTARSINGH-vr7sj]

Hi.my brother has a trucking is usa and he want to open company in canada also.pls tell how we can register in canada?

[@fleetshieldllc271]

@@JAGTARSINGH-vr7sj Great Presentation sir. I can get the ELD with tracking for less than $149.99.down. Also with any referral I can offer $10 a truck you bring on or anybody that can. Email me at [e-mail]

[@jabbarwelch3960]

If you are a trucking owner do you have to have your CDL to lease a truck

[@thomasgreene8104]

Does any of what you listed besides the LLC, DOT, insurance, truck apply for starting a moving company?

[@davehughesfarm7983]

Damn good presentation short and to the point..I appreciate that.. I did all this but just slightly cheaper on most but I am in the heartland and my buddy does the Insurance..Bought a good older truck with cash No ELD as its older than 2000..

[@marlongoodchild2437]

I like this video.. Short, straight to the point... I respect what you're doing here. Champ...

[@angelmontes8598]

Great Video!! Thanks for clearing up a lot of doubts and confusions!!

[@LARGERTHANLIFE21]

Good video/content clear and to the point saved me $2,000

[@TruckingFromScratch]

I'm glad I could help, but can you tell me how this video saved your $2k? Thank you for the feedback. Looks like you're a real estate investor down in Florida. Fun fact: I closed my first wholesale deal back in 2009 lol.

[@LARGERTHANLIFE21]

@@TruckingFromScratchWell I'm a Realtor not so much a wholesaler anymore(i closed my first wholesale deal in 2011). Any how there is a certain person in the trucking industry going viral lately. And he's selling online course on how to start a trucking business/fleet without a CDL. He's taking the guru approach which I hate because it is misleading people in to thinking its eady industry when that is so far from the truth. The coaching program starts at $2,000 Which may be worth it to some but there is a lot of free resources available. I respect what you do with no strings attached. P.s. i drove local for 3 years looking to hop in my own truck want to go owner op in my own truck but hesitate dont know who to sign on with.

[@mitmmusicgroup7999]

WeBuyFLHouses I know exactly who you are talking about. I know someone else selling the same exact course for a hell of a lot cheaper.

[@mitmmusicgroup7999]

WeBuyFLHouses I know exactly who you are talking about. I know someone else selling the same exact course for a hell of a lot cheaper.

[@mitmmusicgroup7999]

WeBuyFLHouses selling it for 2k is waaaayyyy too much. And you only have access for 90 days

[@TruckingFromScratch]

TRUCKING BUSINESS MODEL BLUEPRINT: Learn the 8 ways to start a trucking business and see which way best fits you as an owner. bit.ly/2TstPfZ

[@jeanpaul6545]

David McGill is this how you started a fleet or “owner operator”

[@JohnDoe-gc1kt]

So do you actually drive or do you pay a driver?

[@danwalters9781]

Geez you guys get everything cheap their .you wouldn't buy a set of steer tyres here in australia for the price of your truck registration (plates) .single trailer truck rego for comercial use is about $8000 tri axle trailers are $1000 fuel has come down a bit to $1.35 a litre here last time I paid insurance for my truck and to pull other people's tankers was $15000 in 2005 I paid $315000 for a new aerodyne kenworth .

[@haroldharris5865]

Respect my G i appreciate you!

[@sudaisadan7997]

David McGill question? I have EIN number opened under assumed business name that I don’t operate that business anymore. Later i opened new LLC business name, can i use that same EIN number for my for the LLC?? Thanks for you knowledge.

[@ComandanteTresLetrasJGL]

All the best for your company bro! Lets get this 💰

[@thomasa3285]

You’re blessing. Thank you for everything 👑

[@rbanta710]

I can put 5 trucks on the road with two car trailers for 60,000, all new equipment.

[@donadori]

how is this possible?