Timely Trucking is a new medium to long-haul dry van trucking company based in Portland, Oregon. It was started by Jim Kerrigan, an entrepreneur who has been around for many years. Timely Trucking will provide logistics management and freight hauling services to businesses throughout the Pacific Northwest. The business will develop a reputation for its on-time and accurate service as well as sophisticated Web and software functionality, allowing clients to align their business with Timely Trucking’s services and scheduling automatically. Jim Kerrigan will manage the business as CEO and 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. Three 18-wheeler trucks will be used to launch the business. The company will then expand to eight 18-wheeler trucks by the end its third year. Auto loans will be used to finance this expansion. As the business grows, gross margins of around 60% will allow for substantial profit by 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. The business is available for sale to a national freight hauling service looking to expand or add operations in the Northwest.
Objectives
Timely Trucking intends to serve businesses in the Northwest United States (Washington, Oregon, Idaho, Montana, and Wyoming) with truck-based distribution services.
Timely Trucking will strive to achieve the following goals during its first three years of operation:
- You can set up bases in Seattle Spokane, Portland and Cheyenne.
- 8 18-wheeler trucks purchased with dry van trailers
- Hire 10 full-time truck drivers
- You can achieve strong annual revenue with 1.2 Million Miles of hauling in the 3rd year
Mission
Timely Trucking can simplify the distribution and delivery of goods to Northwestern companies, making them a trusted partner in running their business efficiently and effectively. Timely Trucking will manage logistics and deliver goods on time and accurately from the Northwest. It also partners with warehouses and distribution centers to help them achieve their goals.
Keys to Success
These are the keys of success in the trucking business:
- Robust communication systems between drivers, bases, and clients
- It is important to set delivery times that can be fulfilled (i.e. Setting the right expectations
- Safe, reliable drivers are important to find and keep.
- Understanding the needs of clients and finding the best distribution solution for them to build long-lasting relationships is key.