Trucking: outsourcing log book audits and fuel taxes, reefer trailers, semi trucks


Question
Is it a good and cost effective idea to do this? We are a small startup company and new to the business and just purchased our first truck a couple of weeks ago.  We have two drivers at the moment who are going to team drive and haul reefer frieght mostly from coast to coast. We are located in southern Indiana.  We look to add another truck very soon and team it up as well. This is a company myself and brother just started and to say the least it can be a little stressful at times. He has a CDL but I do not.  I work in a different field but I am seriously looking at trucking full time very soon but would only want to to do the office and sells part of it.  We already have the one good used truck but would like to purchase more equipment such as two to four more trucks and trailers but being a brand new company we are finding that very hard to do.  I'm a veteran and our truck is paid for and was wanting to look at the new SBA Patriot loan program. Do you know anything about that particular loan? Most loans it seems want the 20 percent down or so.  And when your looking at purchasing 4 good used semi trucks and 4 or 5 good used reefer trailers your talking a good chunk of change and that 20 percent of that adds up.  Do you have any advice for us in some of these areas.  Sorry for the long, long question.:)
Thanks, Travis

Answer
Hi Travis, I do not have any advice on the financing part.
I would suggest you work thru a dealer to get some warranty on late model used units. On the outsoucing log book audits and fuel taxes, that is what I do mainly.  It will free up your time to "run" you business and have more time for sales.  see my web site: www.longdataser.com  e mail; jlong2500@aol.com  Glad to help if interested.  J P Long