In your company overview, you will detail the type of trucking business you are operating.
For example, you might operate one of the following types:
- For Hire Truckload Carriers: in this type of trucking business you haul other companies’ freight.
- Less Than Truckload Carriers: in this type of business, as the name implies, you haul products that don’t take up a full truckload.
- Household Movers: these trucking companies primarily handle household moves and may also handle commercial relocation trucking services.
- Inter-Modal: Inter-modal trucking is when you haul rail containers to and from rail yards.
In addition to explaining the type of trucking business you operate, the Company Analysis section of your business plan needs to provide background on the business.
Include answers to question such as:
- When and why did you start the business?
- What milestones have you achieved to date? Milestones could include sales goals you’ve reached, new store openings, etc.
- Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.