New Authority Blog

When you run any business, especially a trucking company, you spend money to make money. Running a trucking company and managing a fleet, whether it’s one truck or 100, comes with fixed and variable expenses. Planning and budgeting are key, but so is knowing when to save and when to spend.

How Your Trucking Company Can Survive Economic Shifts All industries experience peaks and valleys. That’s the nature of business. One year you’re red hot making money, and the next year you’re cool blue breaking even. The trucking industry isn’t immune…

You’ve got your auto hauling trucking company set up. You have your “for-hire” authority and you elected auto hauler as your commodity type. You’ve got your car carrier trailer ready to roll. Your insurance policy is signed, sealed, and delivered. You even have a business plan on paper. Now you are ready to make some money. That means you have a whole other set of questions you need answered. While auto hauling can be quite lucrative, at the same time it is also much riskier because of the higher value of your cargo. So, don’t load up on shiny cars just yet. We have the questions floating around in your head. We’re ready to answer them.

You’re a good company driver with a solid two-year record of dependability and over-the-road excellence. You’re also the type of person that can’t help but stare lovingly at the truck on the next lane, the one with the 7-car carrier and the neatly stacked array of shiny, colorful vehicles. Well, then you’ve come to the right place. Do you dream of owning your own car hauling business? As a trucker with valuable experience in your back pocket, that dream could certainly be a reality. You already have an advantage from your years of safe driving. And we’re here to help you make that dream come true. So, we put together a checklist that leads you to owning your car hauling company.

Commercial truck insurance is one of the top 3 largest expenses for all trucking companies – whether they are seasoned or startups. Don’t have it? Well, you don’t run legally. Period. But there is a lot of misinformation regarding commercial truck insurance, especially when it comes to planning and pricing. We talked with trucking insurance experts John Mondics, President, and Jonathan Mondics, Vice President, of Plano, Texas-based Mondics Insurance Group, for a two-part series answering top-of-mind questions about factors that affect commercial truck insurance rates.

Whether you have been in business for years or you are a startup company, you know that trucking insurance is one of the top 3 largest expenses. Like fuel and maintenance, it’s a necessity. You don’t run legally without it. But there is a lot of misinformation regarding trucking insurance, especially when it comes to the planning for insurance and, of course, the pricing of insurance. So, we decided to lighten the load on the heavy topic. With the help of trucking insurance experts John Mondics, President, and Jonathan Mondics, Vice President, of Plano, Texas-based Mondics Insurance Group, we put together a two-part series answering top-of-mind questions about factors that affect commercial truck insurance rates. Part one focuses on the planning stage, the ramp-up to getting a quote and securing insurance.

Truckers that plan to haul through Kentucky, New Mexico, New York, or Oregon are required to have specific weight distance permits. Trucks hauling heavy loads across America’s highways cause wear and tear on roads. To counterbalance that damage there are…

Social media can be so many things. Social media is where you can be entertained with funny memes or cat videos, how you stay connected to family and friends, or where you get your news. You can love or hate…

The FMCSA Removes Registration Distinction Between Common and Contract Carrier Recently, common carrier authority and contract carrier authority were two separate types of operating authorities. Each authority costs you $300. That means if you wanted both you had to cough…

Most trucking company owners start out with one truck and a dream. They’ve spent their years in the trucking industry driving a truck and are over-the-road hauling experts. However, operating your own business is a completely different challenge and requires…