General Freight Trucking Companies

What Is General Freight Trucking?

General freight trucking is when you transport palletized products either locally or long-distance with an intermodal container or dry van trailer. General freight shipping encompasses various services like line haul, destination sorting, and local sorting, pickup, and delivery, and includes different modes such as full truckload and less-than-truckload.

Full truckload (FTL) shipping is ideal for large shipments that require a dedicated truck, giving the shipment its own truck, while less-than-truckload (LTL) involves sharing truck space to reduce shipping costs.

Steps to Start Your General Freight Trucking Company

• Create a Legal Business Entity: Establish an LLC to protect your personal assets and differentiate your business from personal finances.
• Acquire Licenses and Permits: Obtain a commercial driver’s license (CDL), tax identification number, and other necessary documentation.
• Open a Business Bank Account: Keep your business finances separate for better tracking and management.
• Invest in Equipment: Purchase a general freight trailer and a commercial truck that align with your budget and cargo requirements. Consider the importance of temperature-controlled shipping for sensitive items like furniture to prevent potential damage.
• Secure Freight: Use load boards to find freight from local customers and minimize deadhead miles.

Costs of Starting a General Freight Trucking Company

Starting a small trucking company with one to two trucks can cost anywhere from $10,000 to $20,000. Many starting expenses contribute to this number, such as:

• Trucks
• Trailers
• Licenses and permits
• Equipment
• Insurance
• LLC formation
• Marketing
• Miscellaneous costs

Factoring for General Freight Companies

Factoring can also help manage the costs associated with running a trucking company, ensuring you can handle the ups and downs of the trucking industry and access necessary services with ease. Factoring for your general freight trucking company has advantages such as:

• Fast cash: You can receive immediate funds for your freight invoices. Boost your cash flow and stop waiting to pay for expenses like fuel, repairs, and payroll.
• Endless capital: Factoring your payments expands your customer base, helping you choose loads that pay well instead of fast.
• No added debt: Factoring is different from a loan. You avoid accumulating heavy debt.
• Back office support: New trucking companies may need help managing invoice billing, communications, and collections. Our factoring company does these tasks for you.

Apex Factoring Services for General Trucking Companies

At Apex, we empower general freight trucking companies to better manage their cash flow with our factoring services. We’ll buy your general freight invoices and get you funded within minutes. With better cash flow, you can focus on running your trucking company.

Our freight factoring process is easy:

1. Your driver delivers a load.
2. You provide Apex with documentation of your hauled loads.
3. After verification, we transfer money into your account.
4. We collect your payments throughout the invoice’s lifetime.
5. We accept the fee and close the invoice.

We also offer several additional services for our clients to help their trucking operations including cash flow assistance, fuel cards with great discounts, and discounts on service and maintenance.

How Apex Capital Supports General Freight Trucking Companies

For aspiring truckers looking to start their own general freight trucking company, Apex Capital offers invaluable support in obtaining operating authority, freight factoring, and fuel discounts. Over-the-road shipping is crucial for the economy, enabling efficient logistics across the country.
The trucking industry significantly impacts employment, as highlighted by labor statistics from the Bureau of Labor Statistics, underscoring its role in job creation and economic growth. Our services are designed to streamline your business operations and enhance profitability.

Getting Your Operating Authority

Apex Capital simplifies the process of acquiring your operating authority, ensuring you meet all legal requirements to run your trucking business. We assist with securing necessary licenses and permits, such as the Department of Transportation (DOT) Number and the BOC-3 Form, facilitating a smooth start to your operations.

Freight Factoring Services

Our freight factoring services provide immediate funding for your freight invoices, boosting your cash flow and enabling you to cover essential expenses like fuel and repairs without delay. By factoring your invoices, you can focus on choosing profitable loads and expanding your customer base without the burden of additional debt.

Fuel Discounts

Apex Capital offers fuel cards that grant access to discounted fuel prices, significantly reducing one of your largest operational costs. Our fuel program helps keep your trucks running efficiently and economically.

Partner with Apex Capital to Build Your Business

Apex Capital is committed to helping you navigate the complexities of starting and managing a general freight trucking company. Our comprehensive services, from obtaining operating authority to freight factoring and fuel discounts, are tailored to support your success. We also assist in managing the costs associated with transporting oversized loads, ensuring you have the resources needed for these unique freight types.