Timely Trucking is a new medium- and long-haul dry van trucking business based on Portland, Oregon and founded by veteran entrepreneur Jim Kerrigan. Timely Trucking provides logistics management and freight hauling services for businesses in the Pacific Northwest. Timely Trucking will build a reputation for providing accurate and timely service. The company also has sophisticated Web and Software functionality that allows clients the ability to easily align their business and use Timely Trucking’. The business will be managed by Jim Kerrigan, CEO, and a Chief Operating Officer.
Timely Trucking may be started for approximately $700,000. The investment of Jim Kerrigan as well as some investment by investors partners is significant. The business will be launched with three 18-wheeler trucks and will expand its operations to utilize eight 18-wheelers by the end of its third year, using auto loans to finance this expansion. The business will have a gross margin of 60%. This means that it can make significant profits by the end the third year.
Beyond three years, the business will seek to expand to additional bases of operation in the Northwest and to add trucks with refrigerated and temperature-controlled trailers. This business will be offered for sale to national freight-hauling services that are looking to expand their operations or increase their presence in the Northwest.
Objectives
Timely Trucking aims to provide truck-based distribution services for businesses in the Northwest United States (Washington. Oregon. Idaho. Montana. Wyoming).
Over the first three years of operations, Timely Trucking will seek to meet the following objectives:
- You can establish bases in Seattle, Spokane and Portland, Cheyenne or Boise, as well as Billings
- 8 18-wheeler trucks equipped with dry van trailers
- Hire 10 full-time truck drivers
- Achieve strong annual revenue based on 1.2 million miles of hauling in the third year
Mission
Timely Trucking is a partner for Northwestern businesses in order to simplify the distribution of goods. Timely Trucking will be able to manage logistics, ensure on-time deliveries, and partner with distribution centers and warehouse businesses in order to reach its goals.
Keys for Success
These are the keys of success in the trucking business:
- Robust communication between clients and bases is possible through robust systems
- It is important to set delivery times that can be fulfilled (i.e. Setting the right expectations
- Hire and retain reliable, safe drivers
- Understanding the needs of clients and finding the best distribution solution for them to build long-lasting relationships is key.
No comment yet, add your voice below!