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Trucking companies follow strict regulations from the Federal Motor Carrier Safety Administration to stay compliant. From obtaining MC Authority, processing UCR Renewals, to IRP Plates Renewal.

The trucking industry is one of the most significant and ever-growing industries in the United States. These present business opportunities for many people in the country. Though highly competitive, it has great potential for entrepreneurs that understand the business.

There is so much benefit to running a trucking business. These include: choosing your niche, routes, rate per miles, the companies to work with, and many more. It also provides a perfect combination of freedom and financial success.

But despite all the benefits mentioned above, starting a trucking business is lucrative and capital intensive, with multiple costs associated depending on your business niche. Also, it can sometimes be overwhelming with hurdles and challenges. That is why many people avoid venturing into the business despite the potential benefits they can enjoy.

Do you want to start a trucking business but don’t know where to begin? Global Multi Services highlights a straightforward guide that will steer you in the right direction.

WHY DO YOU NEED TO VENTURE INTO THE TRUCKING BUSINESS?

With driver shortage, increasing freight demand, and rates, you have the potential to make a lot of money by venturing into a trucking business. Aside from the ease of access into the industry, you will also build a sustainable business. But you will need to do thorough research to understand how the industry works. You also need to look for customers and contracts because they do not magically appear.

Here are things to do before starting a trucking business.

HAVE A BUSINESS PLAN

Having a business plan is very crucial when starting a trucking business. Just as a new job requires a fresh perspective and goals, a new trucking business needs an organized plan. A business plan is your fundamental guide and roadmap that determines your success. It is a GPS that gets you from where you are now to where you want to be.

It also helps you articulate your value proposition and shows potential obstacles down the road. Your business plan should include your financial budget, the type of equipment you plan to buy or lease, market niche, and other crucial business decisions.

CHOOSE A NICHE

Targeting the right market niche is crucial when starting a trucking business. Having a niche help streamline your operational processes and resources, optimize your sales, avoid competition with many companies and establish your name in the industry,

PERMITS AND LICENSE

Trucking companies must have specific licenses and permits to operate legally in the trucking industry. The type of permit you need depends on your market niche, base state, the type of freight you haul, and many more.

HOW TO STAY IN COMPLIANCE IN THE TRUCKING BUSINESS

Staying in compliance in the trucking industry requires obtaining several permits. The permits allow you to operate legally as a trucking business and also allow your trucks to transport freights across state lines. Having all these permits prevents you from paying hefty fines and penalties.

Here are permit and renewal processes to stay compliant in the trucking industry.

ACQUIRE YOUR MC AUTHORITY

MC Authority is mandatory for trucking companies operating across the United States. The authority indicates the Federal Motor Carrier Safety Administration (FMCSA) has given the trucking company permission to transport goods on public roads. There are other trucking-related registrations that a new business must obtain. They include IRP Plates, UCR Permit, IFTA Permits, and many more.

OBTAIN IFTA LICENSE

The International Fuel Tax Agreement is mandatory for trucking companies operating across interstate and international borders. Qualified motor carriers must register in their base state and obtain IFTA License with two IFTA Decals. They are also required to file IFTA Fuel Tax Returns quarterly in their base state.

PROCESS UCR RENEWAL

Trucking companies must obtain UCR Permit and process their UCR Renewals annually to run their trucking business smoothly. The Unified Carrier Registration is a federally-mandated program for trucking companies operating interstate and internationally. Trucking companies must apply in their base state and renew their permit before the expiring date to avoid penalties.

FILE IRP PLATES RENEWAL

The International Registration Plan allows trucking companies to operate across multiple jurisdictions using a single license plate. But they must register in their base state to obtain IRP Plates. All registered motor carriers must keep records of the distance covered in each member jurisdiction to process IRP Plates Renewal.

 

 

 


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Obtaining IRP Plate or license for your commercial truck or trailers is a very important process. The process is often easy if your truck only operates in your state. But it can be very complicated if it operates across many states. This is because it falls under the requirement of the International Registration Plan.

The International Registration Plan is an agreement that allows motor carriers traveling across one or more jurisdictions to register in their base state and pay an apportionable fee quarterly based on the distance they’ve covered in each member state.

The registration gives qualified motor carriers permission to travel across one or more member states with a single license plate. This agreement is made between the forty-eight states in the US, ten provinces in Canada, and the District of Columbia.

IRP Plate Registration

Before you can register for the International Registration Plan, you have to set up an account in your base state where your motor carrier is registered. Then fill the application form which includes name, proof of residency, telephone number, operational record in the jurisdiction, and many more.

Requirements for IRP Plate registration vary from state to state. Therefore, it is important to contact your base state to know the forms you need to fill and the documents you need to submit. You can also go through the forms on your base state website to avoid delay when you get to their office.

The best way to relieve the stress of going through this process is to find the right partner. Global Multi Services has extensive knowledge about the requirements and documentation regarding IRP Plate. We can help you navigate your IRP Plate registration process and we also help many motor carriers file for IRP Renewal without any stress.

Benefits Of Obtaining IRP Plate

Obtaining an IRP Plate and Filing for IRP Renewal indicates you have paid a registration fee for all the member states you will be operating in during your registration period. Your IRP plate numbers also serve as proof that you have registered in your base state.

Rather than registering in each state you travel through, you will be given a license plate from your base state. This saves you from purchasing a permit at the port of entry of each member state.

What You Need For IRP Renewal

Keeping track of all the distance traveled in each member state is necessary if you want to file for IRP Renewal. The date of renewal varies from state to state and your base state will be responsible for determining the deadline for filing IRP Renewal.

Your base state will send you a renewal application before the deadline. The application contains all the information of the motor carrier currently in your account and instructions for completing your application. You need to complete the IRP Renewal application for each motor carrier in your account.

After sending your application form, an invoice will be sent to you if you meet all the requirements and your application is processed. Once you receive the invoice, you can proceed to payment through mail or credit card.