The Importance of Interstate Trucking Authority

The Importance of Interstate Trucking Authority

As an individual owner-operator or the owner of a small fleet of trucks, you are constantly on the lookout for ways to expand your business opportunities while still retaining the degree of freedom that comes with being your own boss. Building a local customer base is often a critical step for success as you begin to grow your client list.

If you remain confined to the immediate vicinity, however, not only is the number of potential clients limited but so too is revenue. Long distance hauling tends to offer a big reward, but you cannot conduct business across state lines without obtaining the proper authorities.

Interstate trucking authority is a vital component of ensuring your long-term financial success and corporate growth. The freight factoring professionals of TBS Factoring Service, L.L.C., can help you to close the financial gap that is preventing you from taking the steps to procure the proper registration. Contact us at 800-207-7661 to find out what we can do for you.

Pursuing an Application

The following are some helpful hints to guide your application process:

  • Choose which manner of goods you are hoping to carry (obviously, the greater the variety of cargo that you can haul, the broader your potential client pool)
  • Determine whether you want to serve the public directly or instead would choose to work with business enterprises
  • Seek a USDOT number from the Federal Motor Carrier Safety Administration
  • Complete and submit an OP-1 form to the FMCSA to establish proof of sufficient insurance
  • Complete a BOC-3 form to prove that you have parties in every state that will accept and pass along any legal notices or documents to you
  • Procure the appropriate insurance coverage, including liability and cargo

There are many different considerations that may bear on the kinds of authority that you might wish to seek. You should devote a fair degree of time and energy to charting the course of your future endeavors.

Contact Us

We are interested in helping your business to thrive, and this can be an essential element of growth. Contact the truck factoring team of TBS Factoring Service, L.L.C., at 800-207-7661.