Trucking Business Plan Template
Written by Dave Lavinsky
Trucking Company Business Plan
You’ve come to the right place to create your trucking business plan.
We have helped over 100,000 entrepreneurs and business owners create business plans and many have used them to start or grow their trucking companies.
Trucking Business Plan Example
Below is a sample trucking business plan template to help you write a trucking business plan for your own company.
Executive Summary
Business overview.
On The Road Trucking (OTRT) is a new trucking company located in Dallas, Texas. The company was founded by Michael Williams, a trucking and logistics professional who has over 20 years of management experience in trucking and logistics. Michael is confident in his ability to effectively negotiate contracts, oversee drivers and employees, and minimize costs as he ventures out to start his own trucking company. Michael plans on recruiting a team of highly qualified drivers, sales representatives, client relationship managers, and dispatchers to carry out the day-to-day operations of the company.
On The Road Trucking will provide a comprehensive array of trucking and logistics services for any business or individual in need of freight distribution. OTRT will use the latest technology to ensure that every shipment is distributed efficiently and handled with the best of care. On The Road Trucking will be the ultimate choice in the Dallas, Texas area for customized trucking services.
Product Offering
The following are the services that On The Road Trucking will provide:
- Dedicated fleet services
- Flatbed transportation services
- Local distribution services
- Logistics services
- Warehousing services
Customer Focus
On The Road Trucking will target all businesses and individuals in need of freight services. OTRT will begin by targeting small business owners in need of distribution services and individuals in need of shipping services who may not be able to get service from a larger trucking company because their shipment size is too small. No matter the client, On The Road Trucking will deliver a customer-centric experience where they will customize each shipment to match the customer’s specific requirements.
Management Team
On The Road Trucking will be owned and operated by Michael Williams. He has recruited another experienced trucking professional and former CPA, Steve Brown to be the CFO of the new company and manage the financial oversight of the accounting department.
Michael Williams is a graduate of the University of Texas with a Bachelor’s degree in Business Management. He has been working at a local trucking company for over two decades as a Transportation Manager, and is well-versed in all aspects of the trucking industry. Micheal’s organizational skills and customer-first approach have garnered his reputation for being a cost-effective logistics manager with high standards for customer service.
Steve Brown has been the accounting manager for a local trucking company for over ten years. Prior to his experience in trucking, Steve worked as a CPA in a local tax firm. Michael relies strongly on Steve’s attention to detail, diligence, and focus on cost-saving solutions.
Success Factors
On The Road Trucking will be able to achieve success by offering the following competitive advantages:
- Proactive, helpful, and highly qualified team of sales representatives and dispatchers that are able to effectively navigate the journey of both customers and drivers.
- Customized service that allows for a small business or an individual to have their requirements accommodated. On The Road Trucking takes care of everything from truck inspections and maintenance to scheduling drivers, loading/unloading, and short-and-long range distribution.
- On The Road Trucking offers the best pricing for customized and small shipments compared to the competition.
Financial Highlights
On The Road Trucking is seeking $300,000 in debt financing to launch its trucking business. The funding will be dedicated towards securing the warehouse and purchasing the trucks. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and association memberships. The breakout of the funding is below:
- Warehouse build-out: $50,000
- Trucks, equipment, and supplies: $20,000
- Three months of overhead expenses (payroll, rent, utilities): $180,000
- Marketing costs: $30,000
- Working capital: $20,000
The following graph below outlines the pro forma financial projections for On The Road Trucking.
Company Overview
Who is on the road trucking .
On The Road Trucking is a newly established trucking company in Dallas, Texas. On The Road Trucking will be the most reliable, secure, and efficient choice for small business owners and individuals in Dallas and the surrounding communities. OTRT will provide a personalized approach to trucking services for anyone in need of freight transportation. Their full-service approach includes comprehensive truck driver oversight, short-distance distribution, small shipments, and customized service.
On The Road Trucking’s team of professionals are highly qualified and experienced in trucking and logistics operations. OTRT removes all headaches that come with dealing with trucking companies and ensures all issues are taken care off expeditiously while delivering the best customer service.
On The Road Trucking History
OTRT is owned and operated by Michael Williams, a long-time trucking and logistics professional who has a Business Management degree. He worked at a local trucking company for over two decades where he served as Lead Transportation Manager for the last five years, and is well-versed in all aspects of the trucking and transportation industry. Micheal used his industry expertise to reach out to potential customers who may need small-size distribution services that are not offered by larger trucking businesses and letting them know about the services OTRT will offer.
Since incorporation, On The Road Trucking has achieved the following milestones:
- Registered On The Road Trucking, LLC to transact business in the state of Texas.
- Identified the target location for the warehouse.
- Contacted numerous small businesses to let them know about the services that will be offered.
- Began recruiting drivers, sales representatives, and dispatchers.
On The Road Trucking Services
The following will be the services On The Road Trucking will provide:
Industry Analysis
As the primary source of land freight distribution in the United States, the trucking industry is a $730B industry.
There are approximately 900,000 available truck drivers across the country. The demand for drivers is much higher than the supply, which means there is a lot of opportunity for new companies to recruit people to become truck drivers by offering them better incentives than currently being offered by larger trucking companies. Additionally, a new trend in trucking is the increasing popularity of shorter or local hauls compared to long-distance. This poses an opportunity for companies to cater to the customers demanding short-distance hauls.
Some challenges for trucking industry operators include rising fuel costs and an increased use of online booking and monitoring technology, which can leave traditional companies behind if they are using outdated systems. New entrants can benefit from using the latest technology from the outset, providing drivers with incentives to work with them, and implementing cost-effective solutions to reduce their fuel costs.
Customer Analysis
Demographic profile of target market.
On The Road Trucking will target anyone in need of trucking services in Dallas, Texas and surrounding areas. Primarily, the company will target small businesses and individuals that may need local distribution or have small size hauls. Below is a snapshot of this market.
Customer Segmentation
OTRT will primarily target the following customer profiles:
- Small business owners
- Small manufacturing companies
- Individuals in need of freight transportation services
Competitive Analysis
Direct and indirect competitors.
On The Road Trucking will face competition from other companies with similar business profiles. A company description of each competitor is below.
Texas Truck Services
Texas Truck Services provides trucking services, logistics services, freight distribution, and warehousing services. Located in Dallas, Texas Truck Services offers local service to the Dallas area. Texas Truck Services’s team of experienced professionals assures the hauls are run smoothly, freeing the customer from worry over whether their shipments will arrive on time and in good condition.
US Trucking & Logistics
US Trucking & Logistics is a Dallas-based trucking and logistics company that provides freight distribution services for small businesses across Texas. The management team is composed of former truck drivers and business management professionals who are familiar with the trucking industry in Texas. US Trucking & Logistics uses electric vehicles to reduce its fuel costs, which allows the company to pass these savings on to its customers.
Best Trucking
Best Trucking is a trusted Dallas-based trucking company that provides superior trucking and logistics service to customers in Dallas and the surrounding areas. Best Trucking provides shipping, receiving, packaging, and disposal services. The Best Trucking team of logistics experts ensures that each shipment is delivered with the highest security standards and that the entire freight process is smooth and seamless for its customers.
Competitive Advantage
On The Road Trucking will be able to offer the following advantages over their competition:
- Friendly, knowledgeable, and highly qualified team of trucking and logistics experts with extensive experience in the field.
- Use of the latest trucking and logistics technology to ensure each haul is handled with the best of care and delivered efficiently.
- On The Road Trucking offers local distribution and takes small hauls that may be denied by larger trucking companies.
Marketing Plan
Brand & value proposition.
On The Road Trucking will offer the following unique value propositions to its clientele:
- Highly-qualified team of skilled employees that is able to provide a comprehensive set of trucking services (shipping, receiving, monitoring, short-distance, small hauls).
- Customized approach to freight distribution, leveraging technology and flexibility to provide the highest quality of service to its customers.
Promotions Strategy
The promotions strategy for On The Road Trucking is as follows:
Word of Mouth/Referrals Michael Williams has built up an extensive list of contacts over the years by providing exceptional service and expertise to his clients. Once Michael advised them he was leaving to open his own trucking business, they committed to follow him to his new company and help spread the word of On The Road Trucking.
Professional Associations and Networking On The Road Trucking will become a member of Texas Trucking Association (TTA), and American Trucking Association (ATA). They will focus their networking efforts on expanding their client network.
Print Advertising On The Road Trucking will invest in professionally designed print ads to include in industry publications.
Website/SEO Marketing On The Road Trucking will utilize their in-house marketing director that designed their print ads to also design their website. The website will be well organized, informative, and list all their services. The website will also list their contact information and provide information for people looking to become drivers. The marketing director will also manage the company’s website presence with SEO marketing tactics so that anytime someone types in the Google or Bing search engine “Dallas trucking company” or “trucking near me”, On The Road Trucking will be listed at the top of the search results.
The pricing of On The Road Trucking will be moderate and on par with competitors so customers feel they receive value when purchasing their services.
Operations Plan
The following will be the operations plan for On The Road Trucking.
Operation Functions:
- Michael Williams will be the Co-Owner and President of the company. He will oversee all staff and manage client relations. Michael has spent the past year recruiting the following staff:
- Steve Brown – Co-Owner and CFO who will be responsible for overseeing the accounts payable, accounts receivable, and managing the accounting department.
- Beth Davis – Staff Accountant will provide all client accounting, tax payments, and monthly financial reporting. She will report directly to Steve Brown.
- Tim Garcia – Marketing Manager who will provide all marketing, advertising, and PR for OTRT.
- John Anderson – Safety Manager who will provide oversight on all maintenance and safety inspections of the vehicles and drivers.
Milestones:
On The Road Trucking will have the following milestones complete in the next six months.
7/1/2022 – Finalize lease on warehouse
7/15/2022 – Finalize personnel and staff employment contracts for the management team
8/1/2022 – Finalize contracts for sales representatives, dispatchers, and initial drivers
9/15/2022 – Begin networking at industry events
10/22/2022 – Begin moving into On The Road Trucking warehouse and securing trucks
11/1/2022 – On The Road Trucking opens for business
Michael Williams is a graduate of the University of Texas with a Bachelor’s degree in Business Management. He has been working at a local trucking company for over two decades, most recently as a Transportation Manager, and is well-versed in all aspects of the trucking industry. Micheal’s organizational skills and customer-first approach have garnered his reputation for being a cost-effective logistics manager with high standards for customer service.
Financial Plan
Key revenue & costs.
The revenue drivers for On The Road Trucking are the trucking fees they will charge to the customers for their services. Most trucking companies charge a per-mile rate. Average per-mile rates vary, but are typically between $2.30-3.30.
The cost drivers will be the overhead costs required in order to staff a trucking operation. The expenses will be the payroll cost, rent, utilities, fuel and maintenance for the trucks, and marketing materials.
Funding Requirements and Use of Funds
Key assumptions.
The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.
- Number of Trucks in Fleet: 10
- Average Fees per Truck per Month: $20,000
- Warehouse Lease per Year: $100,000
Financial Projections
Income statement, balance sheet, cash flow statement, trucking business plan faqs, what is a trucking business plan.
A trucking business plan is a plan to start and/or grow your trucking business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.
You can easily complete your trucking business plan using our Trucking Business Plan Template here .
What are the Main Types of Trucking Companies?
There are a number of different kinds of trucking companies, some examples include: For- Hire Truckload Carriers, Less Than Truckload Carriers, Hotshot Truckers, Household Movers and Inter-Modal trucking.
How Do You Get Funding for Your Trucking Business Plan?
Trucking companies are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding. This is true for a business plan for a trucking company and a transportation business plan.
What are the Steps To Start a Trucking Business?
Starting a trucking business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.
1. Develop A Trucking Business Plan - The first step in starting a business is to create a detailed trucking business plan that outlines all aspects of the venture. Starting a trucking company business plan should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.
2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your trucking business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your trucking business is in compliance with local laws.
3. Register Your Trucking Business - Once you have chosen a legal structure, the next step is to register your trucking business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.
4. Identify Financing Options - It’s likely that you’ll need some capital to start your trucking business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.
5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.
6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.
7. Acquire Necessary Trucking Equipment & Supplies - In order to start your trucking business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.
8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your trucking business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.
Learn more about how to start a successful trucking business:
- How to Start a Trucking Business
Where Can I Get a Trucking Business Plan PDF?
You can download our free trucking business plan template PDF here . This is a sample trucking business plan template you can use in PDF format.
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FREE 11+ Trucking Business Plan Templates in PDF | MS Word | Google Docs | Pages
Trucking businesses are essential components in every industry. Without them, goods won’t arrive from this company to that company, from this industry to that industry, from this branch to that branch, and many more. Many other businesses will stagnate without trucking companies. Trucks are one of the primary means of transporting goods, aside from ships and planes. So if you plan to start a trucking company, you could be embarking on a profitable business endeavor. But that won’t be a guarantee if you don’t play your cards right. You need to have strategies in owning such a business. And you should document those strategies using our Trucking Business Plan Templates. These downloadable files will help you outline your business plan flawlessly.
Trucking Business Plan Template
Free 11+ trucking business plan templates, sample freight trucking business plan template, free trucking business plan sample template, trucking service business plan sample, printable trucking business plan sample, trucking company business plan template, blank business plan template, business plan sample template, simple business plan template, sample business plan template, startup business plan template, what is a trucking business plan, how to write a trucking business plan, step 1: begin with a clear executive summary, step 2: establish your company description, step 3: discuss your specific trucking services, step 4: explain your business strategies, what trucking businesses are the most profitable, how much money can a truck driver make, what are the ways to start a trucking business with little to no money.
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Businesses hire the services of trucking companies to carry and transport the products and goods they’re selling. That’s how trucking businesses get profit. The process may seem simple, but just like every other company, there are many challenges in opening a trucking business. First off, you will need a trucking business plan.
A trucking business plan is a written document that every startup truck business owner needs as part of their preparation. It’s where you’ll find details of an envisioned trucking business—things such as what it’s all about, what goods or items will it transport, what financial strategies it has, and other important logistics .
A trucking business may not be one of those businesses we hear or see on a daily basis, but it’s one that’ll surely generate revenue and profit if done right.
Planning is crucial when it comes to starting any business. The trucking business is no exception. You need to have a written guide in doing the right approaches to build a sustainable business. That written guide is your trucking company business plan . So follow these steps to create an effective and helpful trucking business plan doc .
As its name implies, the executive summary is a detailed rundown of your trucking business plan or your trucking business itself. When you write it, it’s important to make it engaging to read. Take note that your trucking business plan is also a business proposal . You’ll be presenting it to potential investors and business partners. A decent executive summary can help in convincing them to support your startup trucking company.
In this step, you’ll be establishing your trucking company’s identity. It’s where you’ll set your trucking business apart from other trucking companies. In other words, you’ll be talking about what makes it unique. The company description or company profile is the official introduction to your trucking business.
In the company description, you can share the inspiration behind your trucking business, along with your mission and vision. You may also share details about your organizational chart , business location, and target markets.
Next, start discussing your specific trucking services. More or less, you’ll be offering the same services as other trucking businesses. But try to explain what makes them different. It could be a difference in price, methods of securing and keeping cargo safe, and whatnot. It’s all up to you. You’re the creative mind behind your trucking company. You can also include images of your trucks, both their exteriors and interiors. That should make your business plan more appealing.
A business plan isn’t a business plan if it doesn’t have strategies. The strategies you must have are marketing strategies , financial strategies, sales strategies , pricing strategies, and safety strategies. You have to explain all of them in full detail. They’re the foundations to make your trucking company profitable and sustainable. Make sure that your business strategies are realistic and achievable. And see to it that they can cater to your trucking company’s goals.
The type of trucking businesses that can generate the most profits are:
- Freight trucking
- Tanker hauling
- Luxury car hauling
- Oversized load hauling
- Ice road trucking
- Private fleets
According to Trucker’s Training, being a truck driver doesn’t always guarantee a $100,000 yearly salary. But thanks to high demands on truck driving jobs, truck drivers can make $80,000 yearly , especially those with experience and CDL training.
Being resourceful always helps if one wants to start a business with less existing assets and capital, even a business as big as a trucking business. These are the ways you can start a trucking business with little to no money:
- Apply for commercial truck loans
- Renting vehicles and equipment instead of buying
- Get a lease to own
- Purchase used vehicles and equipment, but make sure they’re still in good shape
If you start planning right now, your trucking business can be operational in months or a year from now. So if you’re serious about it, don’t waste time. Download our trucking business plan example to begin your journey asap. Your trucking company could become the next big thing in the industry! And you may also check out our Sample Food Truck Business Plan Templates .
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