Transitioning from leased-on driver to running own authority requires careful planning and relationship building

From Yahoo Finance: 2025-05-01 20:00:00

Transitioning from a leased-on driver to running under your own authority may seem like the answer to earning more money, but it’s not that simple. It requires careful planning, strategy, and understanding your business costs. One driver, Marcus, followed a 90-day plan to successfully transition to independence, building relationships with brokers and shippers along the way.

Marcus started by auditing his costs, saving working capital, and building broker relationships before even applying for his authority. He filed paperwork, setup insurance, factoring, TMS, and a business bank account. By week 9, he secured a direct shipper, improved his credit, and was netting $4,000-$5,200 monthly after expenses.

Building relationships with brokers and shippers, maintaining a cash reserve, and improving personal credit were key factors in Marcus’s successful transition. He understood the importance of executing his plan daily and building a sustainable business. Planning and execution are crucial when moving from a leased-on driver to an independent business owner.



Read more at Yahoo Finance: How to Get From Lease-On to Authority in 90 Days