When involving in a trucking business, the equipment might be the most expensive part of the business. It is probably the hardest to deal with as well.
Due to this matter, you need to make a decision whether you will be one of the rental trucking companies or you will own the fleet.
Having said this, it all depends on how much you are willing, or you are able to invest in the fleet. To put it differently, the type of freight you are going to transport takes an important role as well.
To emphasize it further, you need to make a decision. Are you going to rent or buy the fleet?
The crucial point of getting equipment for your trucking company is to figure out how the fleet will operate.
Furthermore, there are other important things to consider as well, and very carefully:
- Your current financial status
- The cost of owning vs. the cost of renting the fleet
- Length of the project or job
- The availability of the equipment
- Management of the fleet and inventory control
For instance, if you decide to hire owner-operators you will most certainly pay a lot less but you will not own the fleet.
