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How to Start a Dump Truck Business Using These Resources

June 25, 2020 311 views

How To Start A Dump Truck Business

In this post, you’ll find articles from various authors plus resources to guide you through starting a dump truck business. This collection is something you can use now and while you’re running your business.

Before you get to the resource section of this post, we can go over significant issues you’ll want to consider regarding starting and owning a dump truck business.

Overview

You need to consider several issues to plan effectively and make the right decisions, including how to start or whether to start or not.

Let’s go over a few of them.

What Type of Operation Are You considering?

Are you looking as an owner-operator type of set up, or are you looking to create a fleet of trucks where you manage the business? Either way, starting this type of business requires a substantial investment.

With a fleet of trucks, a building, and a good-sized workforce, you’ll be looking over a million dollars. If you’re planning on becoming an owner-operator, you may be around the 100,000 dollar range.

These are just estimates. Naturally, it depends on the trucks you purchase and whether you lease or buy a building or run from home.

Is There a Demand For Dump Truck Services In your area

One of the essential parts of starting any business is identifying if there is a demand in the area you’re planning to operate. If there is no demand, then it wouldn’t make sense to working in that area. You’ll need to look elsewhere if there are too many people doing the same thing you’re planning on doing, then you have to compete with all of them to make any progress.

Your ideal situation is to find an area where there is demand and still room for newcomers.

Will You Run Your Dump Truck Business From Home?

Are you planning to run this business from your home or preparing to buy or lease a commercial location? There are pros and cons to both approaches.

When you operate from home, you’ll reduce a lot of expenses and deduct a portion of your monthly bills and mortgage payments as a business expense.

When you operate from a commercial location, you can expand without disrupting your family life. And keep your personal and business life separate.

Repairs and Maintenance

Have you considered how you will deal with repairs and maintenance of your trucks? Will you do it yourself, hire a mechanic, or make a deal with a garage specializing in truck repair?

There are pros and cons to all three above methods. What you need to consider if you are planning on doing the work is, do you have the tools and expertise necessary? You could do the maintenance work, and for repairs, send the truck to a repair shop.

I would say to decide how you will handle repairs; you need to estimate how busy you could be, how many trucks you’ll have on the road, and if you’ll have the room, tools, and equipment for repairs.

For example, if you have five trucks and multiple jobs going, I would say you need a truck mechanic on the job. If a truck goes down, you can’t wait for the repair shop to schedule your repair. If you have one rig and you’re doing all the driving, it’s not worth hiring a mechanic.

You need to plan for the best approach to deal with maintenance and repairs. It’s a vital part of being successful in this kind of business.

A Collection of Resources Related to Starting  Dump Truck Business

Sections Included In This Post:

  • Considerations Before You Start a Dump Truck Business
  • How to Start a Dump Truck Business
  • Dump Truck Business Trends and Statistics
  • Profitability and Revenue of a Dump Truck Business
  • Dump Truck Business Startup and Operating Costs
  • Equipment For A Dump Truck Business
  • Licenses and Permits
  • Dump Truck Business Insurance
  • How to Finance Your Business
  • Brokers and Load Opportunities
  • Dump Truck Business Name Ideas
  • Business Plan
  • Business Cards
  • Dump Truck Business Logos
  • Dump Truck Business Software
  • Resources for Running a Business
  • Trucking Publications
  • Trucking Terminology
  • The Latest about Dump Truck Operation
  • Latest Search Results Related to Dump Truck Operation
  • Latest News Related to Dump Truck Operation
  • Tweets Related to Dump Truck Operation
  • Videos Related to Dump Truck Operation

Considerations Before You Start a Dump Truck Business

In this section, you’ll go over issues about starting a business, like what it takes, and you should expect from having a life as a business owner.

Taking some time to go through the article provided for a broader understanding of what it’s like running a business.

What You Must Consider Before Starting Your Business

How to Start a Dump Truck Business

As the title reads, this section will find information about starting your trucking business.

Each article provides its take on what you need to start this kind of business. It’s to your advantage to take in as much information as possible so you’ll make the right decisions.

How to Become an Owner & Operator of a Dumptruck | Small Business – Chron.com

How to Start a Dump Truck Business in 17 Steps | ProfitableVenture

How to Start a Dump Truck Business

How to Start a Dump Truck Business | Bizfluent

Starting a Dump Truck Business – Starting A Small Business

How to Become an Owner & Operator of a Dumptruck | Career Trend

Dump Truck Business Trends and Statistics

In this section, you can view trends and statics related to this industry.

You’ll want to pay attention to the trends and developments to prepare for changes. Another issue to watch out for is if the industry is on the rise or a decline.

One of the good things about dump truck services is that artificial intelligence won’t be involved with this type of job, at least not soon. The last thing you want is to build a business and have it no longer necessary as AI becomes popular.

Dump Truck Services in the US – Industry Data, Trends, Stats | IBISWorld

Dump Truck Services in the US – Market Size | IBISWorld

17 Dump Truck Industry Statistics, Trends & Analysis – BrandonGaille.com

Dump Trucks Market Size, Share, Revenue, Industry | 2026

Profitability and Revenue of a Dump Truck Business

When it comes to profitability, you can get an idea from the articles included in this section. There are too many variables that come into play when it comes to the profitability of a business.

For example, you may purchase a dump truck for $150,000 with high payments, and instead of driving, you hire a driver, and you target customers where there is no demand.

With the above scenario, how much money do you think you could make? You won’t; you’ll probably go broke!

My point is you can research how much profit you can make, but many issues will determine your profit.

For average rates, it can vary by where you’re operating your business and the demand for the service. For a rough estimate, figure around $125 per hour on the high side and $70 on the low side. Some operators have, for example, a 6-hour minimum.

You may think that’s a lot of earning potential. Yes, it is, but you still have expenses, such as; fuel maintenance and possibly wages and brokerage fees.

How Much Money Can a Dump Truck Owner Make? | Bizfluent

Looking for some honest advice Please!!! | Indeed.com

How to Make Money with a Dump Truck – MoneyPantry

Dump Truck Business Startup and Operating Costs

When it comes to startup cost, it will depend on how you set up your business.

Will you buy a building to store your equipment and perform maintenance, or will you operate from home? Will you purchase a new truck or a used one?

Will you have one vehicle and run as an owner-operator, or will you be buying a fleet of trucks?

As you can see from the above questions, you won’t be able to determine your startup costs unless you plan your set up first.

How much does it cost to start your trucking business?

Start-Up Expenses of a Dump Truck – Trucker Forum – Trucking & Driving Forums – Class A Drivers

The owning and operating costs of dump trucks

How Much Does it Cost to Start a Trucking Company? | Apex Startup Program

Equipment For A Dump Truck Business

In this section, the focus will be on the type of dump truck to purchase. If you’re running your business from home, then your truck is your most expensive purchase.

You need to make the right decision because if you are buying a dump truck with problems, repairs are costly, and you’ll lose out on work. If you purchase a truck with all the bells and whistles, you might not make enough money to make the payments.

There are different types of trucks on the market, including:

  • Standard Dump Truck
  • Semi Trailer End Dump Truck
  • Transfer Dump Truck
  • Truck and Pup
  • Superdump Truck
  • Semi Trailer Bottom Dump Truck
  • Double and Triple Trailer Bottom Dump Truck
  • Side Dump Truck

Each truck is specialized for a particular job. If you want to decide on which kind of vehicle to purchase, you need to know what type of material you’ll be hauling and the company’s requirements.

For a new dump truck on average, you’re looking at a range between $100,000 – $150,000

For a used truck, the average is between $30,000 – $100,000
Naturally, condition and mileage all come into play when looking at used trucks.

What you want to avoid is a model that has a history of problems, expensive repairs, and a reputation for poor reliability. You may wish to speak with a few mechanics for recommendations on the type of model you should be considering.

See the articles below for insights and tips for purchasing your dump truck.

Best Dump Trucks | Complete Guide For Dump Trucks

Inspection tips: 5 things to look for when buying a used dump truck | Ritchie Bros. Auctioneers

Dump Trucks Price Quotes From Qualified Sellers

Compare Dump Truck Prices In Your Area | 2020 Cost Guide | PriceItHere.com

Dump Trucks For Sale – TruckPaper.com

Dump Trucks For Sale – Commercial Truck Trader

Dump Trucks For Sale | IronPlanet

Ritchie Bros. Auctioneers

The lastest Search Results For Dump Trucks For Sale

Licenses and Permits

You’ll want to make sure your dump truck is fully compliant with laws and safety regulations, which include:

  • Commercial Driver’s License
  • Federal DOT and Motor Carrier Authority Numbers
  • Unified Carrier Registration (UCR)
  • International Fuel Tax Agreement (IFTA) Decal
  • Standard Carrier Alpha Code (SCAC)

Will you need all the above? You will need the Commercial Driver’s License to drive the truck, and depending on where you’re planning to operate, you’ll need to look into the others.

You need to understand the laws in your state and apply for permits you need.
For example, if you live in Michigan, you can type; “permits for a dump truck Michigan” in your browser to find information.

Or you can use a service like Motor Carrier Authority which will help you make sure you have all the permits and safety requirements to operate a dump truck.

In addition to the required permits, you’ll need to set up your company, which may be an LLC, a corporation, sole proprietorship, etc.

See the resources below for more.

License and Permit Checklist for Starting a Trucking Company | RTS Financial

Types of CDL Licenses: A, B, and C Licenses Covered

Dump Truck License Requirements – Truck Driving School HQ

How to Get A License and Necessary Permits For Your Business

Dump Truck Business Insurance

Insurance is a must for any business. You’ll need the right amount of coverage to protect your equipment, property, dump truck, your crew, and the property of others.

When starting, you’ll pay a lot more insurance, because you don’t have a track record. After a few years with a clean record, you’ll be able to get better rates.

As you may expect, insurance is costly because when operating heavy machinery, there are higher risks, which lead to higher rates.

The area, material you’re transporting, and your driving record are taken into consideration to estimate your insurance rate.

You can expect your dump truck annual insurance rate to be anywhere from $5,000 to $20,000 per truck.

See the resources below for an idea of the coverage you’ll need and the costs.

Dump Truck Insurance | World Insurance Associates LLC

How much does dump truck insurance cost? | Truck Insurance Quotes

Affordable Dump Truck Insurance | Freeway Insurance

Dump Truck Insurance: Dump Truck Insurance Quotes | Progressive Commercial

Dump Truck Insurance | Get Matched with an Agent | Trusted Choice

Dump Truck Insurance

Dump Truck Insurance – Cost & Coverage (2020)

Dump Truck Insurance

Here’s Everything You Need To Know About Business Insurance

How to Finance Your Business

Getting a loan for any business will take work. It’s much easier to get a loan for a home than it is for business.

The reason is that new companies are high-risk investments because, according to statistics, approximately 20% of new businesses fail in the first two years of starting.

Lenders are looking for low-risk investments, and that’s where they make their profit.

See the resources below for your options to finance your company.

Dump Truck Financing: 5 Lending Options for Your Business

Best Dump Truck Financing Options in 2020 | Fundera | Fundera

Dump Truck Financing – Dump Truck Loans | CAG Truck Capital

Dump Truck Financing – East Harbor – Dump Truck Loans

Dump Truck Financing: Low Credit Scores Approved | ClearPath

Dump Truck Financing | Dump Truck Lease & Dump Truck Loans

Used Dump Truck Financing for A Startup Business

Here’s Everything You Need To Know About Business Loans

Brokers and Load Opportunities

In this section, you can explore options for getting loads and working with brokers.

Since you don’t have a customer base yet, which will take time, using a broker can generate revenue during the early stages of operation.

As your business grows, you may continue to use a broker as well as servicing your customers. You have to determine if it’s worth it or not because brokers can charge you, on average, anywhere, around 15-30% of the load fee.

See the resources below for an idea of working with brokers.

DumpTruckLoads.com | Bringing Dump Trucks & Contractors Together

How to Find Dump Truck Work | TRUX

Dump Truck Loads App | Find the Good Loads – Remove the Broker

Free Load Board | Truckloads

Freight Brokers, Freight Load Boards, Truck Load Boards | Direct Freight

Dump Truck Business Name Ideas

In this section, you’ll find tips and insights for naming your trucking company.

You want a name that is memorable and easy to pronounce. Your name will be what you’ll use for years to come, and company names don’t change much, so take some time to choose a name you’ll like for years to come.

When choosing a name, look for a domain name to match so your business name matches your website.

See the resources below for choosing a business name that works well for your business.

50 Catchy Business Name ideas for Trucking Companies | ProfitableVenture

1,000+ Trucking Company Business Name Ideas + Availability Check

301 Great Trucking Company Names – BrandonGaille.com

How to Choose a Trucking Company Name | Apex Capital Blog

Business Plan

Dump Truck Business Plan: How to Run an Effective Business

How to Write a Dump Truck Business Plan [Sample Template] | ProfitableVenture

Dump Truck Business Plan Sample [2020 Edition] | OGScapital

How To Write A Business Plan Using This Unique Collection of Resources

Business Cards

Dump Truck Business Cards – Business Card Printing | Zazzle

Dump truck Business Card Templates | BizCardStudio

Trucking Business Cards Templates & Designs | VistaprintDefined

Dump Truck Business Cards | Business Cards 100

Latest Image Search Results Related to Dump Truck Business cards

See Our Resource for Creating Attractive Business Cards That Work

Dump Truck Business Logos

Dump Truck Logos | Dump Truck Logo Maker | BrandCrowd

Dump Truck Logos Images, Stock Photos & Vectors | Shutterstock

Dump Truck Logo photos, royalty-free images, graphics, vectors & videos | Adobe Stock

Create a eye-catching, luxurious design for a dump truck company | Logo design contest | 99designs

Custom truck logo designs from 48hourslogo

Latest Image Search Results Related to Dump Truck Business Logos

See Our Resource for Tips to Create an Impressive Logo

Dump Truck Business Software

Dump Truck Software

Axon Software | Dump Truck Software

Dump Truck Booking Software & Logistics Management | TRUX

Dump Truck System Reviews and Pricing – 2020

Dump Truck Dispatch Software & On-Board Programs | MyRig

Resources for Running a Business

Acey Gaspard’s Guide to Starting a Small Business — Made Simple

The Nine-Hour Business Tune-Up

Learning Center SBA.gov

Entrepreneurship Course Online | HBS Online

LinkedIn Learning: Online Courses for Business

Online Courses — Anytime, Anywhere | Udemy

Courses on Coursera.org Related to Business

Courses on Skillshare.com Related to Business

Trucking Publications

7 Best Trucking Magazines | Top Truck Magazines For Truckers Drivers

10 Best Trucker Magazines In US – Fueloyal

The Best Blogs for Truckers to Follow – EZ Invoice Factoring

Top 100 Trucking Blogs & Websites To Follow in 2020 | Truck Driver Blogs

Top Blogs for Owner Operators to Follow in 2020 – Truckstop.com

Trucking Terminology

Trucking Terminology and Transportation Definitions

Trucking Industry Terminology | Glossary of Terms

Glossary and Dictionary of Trucking Terms | Tools | OOIDA Foundation

Trucking Terminology

The Latest about Dump Truck Operation

Google Searches

Latest Search Results Related to Dump Truck Operation

Latest Scholar Search Results Related to Dump Truck Operation

Latest Image Search Results Related to Dump Truck Operation

News

Latest News Related to Dump Truck Operation

Twitter

Tweets Related to Dump Truck Operation

YouTube

Videos Related to Dump Truck Operation