3. When Buying A Trucking Company, Analyze Trucking Company’s Safety Rating…
This is another one of those things people don’t understand its importance. A safety rating can make or break a company. If they already have a bad rating you better understand why. Was it something to do with the overall operation and the way it was run or was it something else.
If there was an incident that really was any one’s fault, basically beyond the realm of control, you might be able to work past that. But if it was something within the company itself you need to know that upfront. You better also have a plan of how to correct that immediately. The safety rating will stick with that business (even if you change the name) until there is a significant change to earn a better rating.
Source: www.overdriveonline.com
One of the first things to do is check your drivers, not only employees but owner operators, and anyone who drives for the business. Because for as long they drive for you, they represent the company and thus your safety rating will be a direct reflection of the drivers.
You will need to get legal advice and support to make every effort to get the safety rating adjusted before you consider buying a trucking company with a bad safety rating. This must be addressed well before you take possession of the business. Often customers and freight brokers won’t work with you until it is fixed. People tend to have a long memory when it comes to negative things, and they will associate your company with it, even if you were not the owner then.
Source: : www.aimgroupcanada.com
