Trucking Service Business Plan and SWOT Analysis

Trucking Service Business Plan, Marketing Plan, How To Guide, and Funding Directory

The Trucking Service Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Trucking Service business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.

Your Business Planning Package will be immediately emailed to you after you make your purchase.

Product Specifications (please see images below):

  • Bank/Investor Ready
  • Complete Industry Research for the Industry
  • 3 Year Excel Financial Model
  • Business Plan (26 to 30 pages)
  • Marketing Plan (24 to 28 pages)
  • 425+ Page Funding Directory
  • PowerPoint Presentation
  • Loan Amortization and ROI Tools
  • Three SWOT Analysis Templates
  • How to Start a Business Guide
  • Easy to Use Instructions
  • All Documents Delivered in Word, Excel, and PowerPoint Format
  • Meets SBA Requirements

The most economically viable way to transport freight and merchandise within the United States is through the use of a trucking service. As we have discussed throughout this platform  a few times, there are certainly going to be issues with automation regarding the freight transportation and trucking service industry moving forward but it is not anticipated that this will be a major issue for at least 10 to 20 years. There have been some moderate setbacks as it relates to the development of automation specific for trucking services and freight transportation, but these industries still in the outstanding position to grow aggressively over the next few years. In fact, the demand for new truck drivers has increased sharply and the starting salaries for many newly licensed drivers ranges anywhere from $80,000 to $100,000 per year.

As such, trucking services still are extremely lucrative businesses that can be started relatively quickly, with a minimal amount of capital, and with the expectation that they will reach profitability very fast. Almost all financial institutions are willing to put up nearly all the capital needed in order to launch a new trucking service given the fact that the assets are being purchased are tangible trucks and trailers. The working capital requirements for these businesses is usually considered to be moderately low given that invoices are typically paid at delivery or within a month of rendering the service. Additionally, one of the nice things about owning and operating a truck services that revenues can be generated immediately by establishing ongoing relationships with brokerages that will provide orders from the onset of operations. Unlike other businesses that need to market their services to the general public in order to begin producing revenues, the demand for these services is so high that revenues can be generated with a minimal marketing campaign.

As stated above, the demand for quality trucking services has increased substantially and financial institutions are willing to provide all necessary capital. Again, given the substantial amount of assets are being acquired with borrowed funds – all banks are willing to put up the needed capital for these that’s a companies. Of course, a trucking service profit and loss statement, cash analysis, balance sheet, breakeven analysis, and business ratios page is going to be needed in order to launch operations. A special focus repaid on listing the make and model of all trucks and trailers that will be acquired with borrowed funds. A demographic analysis is typically not needed in order to carry out a business plan specific for trucking service given that most revenues will be generated from orders placed by freight brokerages.

A trucking service SWOT analysis is frequently developed as well. As it relates to strengths, almost all trucking services are able to remain profitable and cash flow positive in economic climate. This is due to the fact that these businesses are able to provide both local and regional services to a number of retailers, freight brokerages, moving companies, and third-party logistics firms that need merchandise transported from one place to another. The gross margins generated from services rendered is usually pretty high with most trucking companies having a 60% gross margin if the fuel cost is considered as part of the cost of goods sold.

For weaknesses, as stated above – automation will eventually take over this industry and will be fewer and fewer human drivers involved with the merchandise transportation process. However, this is some time away. The other weakness that is faced by many trucking services is that there is a substantial amount of volatility in the cost of fuels. As such, a trucking service needs to keep a close eye on its cash flow and underlying expenses in order to accommodate higher energy costs.

For opportunities, there are a number of ways that these businesses can expand over the life of operations. Foremost, many trucking companies simply acquire additional trucks in order to aggressively boost the revenues of the business. Additionally, two drivers may be hired for each truck so that these vehicles can run for much longer distance on any given day. This is typically the way that most trucking services expand during the life of their operations.

The greatest threat facing trucking services is automation and it is almost certain that this will eventually occur for all trucking based businesses. However, outside of this threat the only major issue that these companies have are volatility and fuel pricing, competitive issues, and the risk of a very severe economic recession.

A trucking service marketing plan can be developed as well although this is far less important for this type of business that it is for most of the companies. This, again, is due to the fact that almost all revenues are generated through freight brokerages that place ongoing orders with regional, national, and local trucking services. As such, the company only needs to develop a number of relationships with freight brokerages in order to ensure that the trucks operate at maximum capacity at all time. Although some companies do engage in local marketing strategies for individuals are moving goods from one place to another, this can be done simply with the establishment of a website that showcases the services to the general public.

Trucking companies are going to continue to be one of the greatest and largest industries within the United States. Each year, these companies accurately generate more than $400 billion in revenues and provide jobs for more than 1.5 million people. This industry will be undergoing substantial changes over the next 1 to 2 decades, but a properly prepared entrepreneur can capitalize on these advances in automation and freight merchandise transportation technology.