Pros and Cons of Renting a Box Truck for Amazon Relay
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- Опубликовано: 9 фев 2021
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Renting a box truck and hauling for Amazon relay with your own authority might be the easiest way to start a trucking company ever. So I lay out some pros and cons of this strategy from the consideration of your trucking insurance….it plays a hug part!
Steps to starting a trucking company with a rental box truck:
1️⃣Register your business
Search google: “[your state] Secretary of State”
Or use LegalZoom: forhire.pro/LegalZoom
Cost varies by state
2️⃣Request an EIN (Tax ID)
IRS website: forhire.pro/EIN
Free if you do it yourself
LegalZoom can include this if you go through them
3️⃣Setup a bank account and sign up for QuickBooks
Novo: forhire.pro/Novo
Divvy: forhire.pro/Divvy
QuickBooks - $7/month: forhire.pro/QuickBooks
**Big banks have better technology**
4️⃣Setup two email addresses
1 for important business, 1 for your motor carrier application so you can weed out all the marketing
Google Custom Email: forhire.pro/Google
Use promo codes for 10% off:
Starter Plan - $6: U9CC7FHR3R4R9FG
Standard Plan - $12: E9NCH9XFED6DV9Q
5️⃣Get another phone number to avoid unwanted marketing calls/texts
Ring Central: forhire.pro/Ring
Verizon Business: forhire.pro/VZWbiz
One Talk: forhire.pro/OneTalk
$25/month
Once you download the app, setup your voicemail and forward all calls straight to voicemail
6️⃣Apply for your Motor Carrier Authority
Application: forhire.pro/AuthorityApp $300
Watch this video for step by step guide: • Insurance Requirements...
Seriously watch this video and don’t mess it up, takes forever to fix mistakes
7️⃣Get your BOC-3 and UCR
BOC-3 - $25: forhire.pro/BOC-3
UCR - $62: forhire.pro/UCR
8️⃣DOT Physical Exam for Medical Card
Find a local examiner: forhire.pro/MedExam
~$85 - $100
9️⃣Fill out this Quote Form for Insurance
Get a Quote in minutes: forhire.pro/mP6pLmcaQso
*If you are in a state that I’m not licensed in yet, I’ll forward you this form and it will have exactly what you need to get a quote in your state.
1️⃣0️⃣Setup freight factoring and fuel cards
RTS Financial: forhire.pro/RTS
RTS is by far the best for both factoring and fuel cards plus they offer special rates for Amazon Relay
1️⃣1️⃣Find an amazing dispatcher
Interview several, don’t look for the cheapest, you absolutely want the best
If they charge more than others, that probably means they are better
1️⃣2️⃣Sign up for Load Boards
Truckers Edge: forhire.pro/TruckersEdge
DAT Power: forhire.pro/DAT
Sylectus: forhire.pro/Sylectus
Truckstop: forhire.pro/Truckstop
1️⃣3️⃣Shop Box Truck Rental Rates in your area, let them know you are a motor carrier for Amazon, some provide better rates for this
Request a Budget account here: forhire.pro/Budget
Request a Ryder account here: forhire.pro/Ryder
1️⃣4️⃣New Entrant Phone Call
You will get a letter in the mail from FMCSA for your audit call. Do this ASAP. It’s easy, they basically just go over your application to verify what you’ve entered.
1️⃣5️⃣Pay your down payment for insurance close to the 21st day after applying for your authority
You have to wait 21 days from the time you apply for your Authority and you want to make your insurance effective a couple days prior to that to make sure the insurance company has time to process the filings so your MC will be active on the 21st day.
1️⃣6️⃣Apply to brokers
TQL: bit.ly/TQLcarrier
C.H. Robinson: bit.ly/CHRobCarrier
Coyote Carriers: bit.ly/CoyoteCarrier
Choptank Transport: bit.ly/ChopTank
Trinity Logistics: bit.ly/TrinityLogistics
Integrity Express Logistics: bit.ly/IELcarrier
1️⃣7️⃣Gather your documents in a single binder
Binder: amzn.to/3dqvkoW
Sheet Protectors: amzn.to/3uaX0nC
OPTIONAL:
Donate: Truckers Against Trafficking
forhire.pro/TAT
Order Door Magnets
Optional if you have a rental truck less than 30 days at a time
forhire.pro/Magnets
Promo Code - 15% off: CHARLESSTRING
🚚 Motive
Keep Truckin - now Motive: forhire.pro/Motive
- ELD, Driver Safety, GPS tracking
- Get $100 when you sign up
Buy a Tesla: forhire.pro/Tesla
I do receive compensation from some of these affiliates for referring you to them. That being said, I have a great relationship with each of these companies and I have worked with some of their competitors in the past...so there's a reason why these are the companies I recommend...they are the best. If for any reason you have a bad experience with them, please let me know because I take that feedback seriously. My business is your business, so I want (need) you to succeed. 
Авто/Мото
You're the only agent that I've come across that has any level of understanding of the rental and insurance issue for doing amazon relay. Thank you so much for sharing your knowledge. ❤
I try, lol!
@@TruckInsurance Hey, your stalker here, Im forever grateful.
what is they typical cost to rent weekly/monthly? DO they charge by the mile or per day? WHo is a good company to rent through?
It’s good to see you’re coming around to the idea. I’m still working on getting my insurance agent to come around lol.
Yea as long as it’s done right, that’s the biggest thing and part of what’s driving me to do these videos. I love the opportunity for people and I really want everyone to understand how important it is to stay on top of the insurance because it can put you out of business so fast. Also if too many people mess up...it could ruin the opportunity for other people to get into it.
@@TruckInsurance that makes complete since as far as ruining a good thing if not done properly. If you had any advice on gettin log my agent to give me a quote for cargo and auto liability? I told him I wanted to do Amazon relay with a rental from the beginning the quote I was given is only commercial liability. Also do you have a more direct line we can discuss through? I’m in MN.
@@marcusmyth I don't write insurance in MN currently. But feel free to give me a call for some advice. I'm happy to help.
@@TruckInsurance hey can you give me a quote for box truck for amazon relay i live in Connecticut??
Great content
Thank you, let me know if you'd like to learn about anything else. Working on a lot more videos so stay tuned!
Thanks for the great content! If planning to rent, what do you put the vehicle model as when quoting/purchasing insurance? In theory, I'd be purchasing my 6 month insurance policy to become active a few days before I pick up a truck.
Hi please make a video about trucking locally in North Carolina !!!
Are you talking about box trucks in NC only? Like no crossing state lines?
Great breakdown, definitely agree with the process. I have a few 26-foot box trucks with liftgates, was trying to learn if Amazon Relay was worth it? Do you have any statistics or calculations on the financials, such as per-mile rates and expenses related to Amazon Relay.
Hey man, on average you can expect to gross $3,000-$5,000 per week.
Waoooo man I want to tank you very much after watching 2k videos you the only one came out with the truth 🤝👍👍👍👍👍
Thank you!
hello sir do you write policies for coloradoif not what other options do i have ..im about 30 days away from going active i have my business llc etc looking to get started..thanks for your help have a great day keep up the awesome work lets go youtube
I am not currently writing in Colorado. I will be expanding to new states in the future! Stay tuned!
Good evening, I awesome videos thank you so much for your content, I don’t see the links you speak about, how can I get the links you speak about specifically the ones you talked about when starting a Box Truck business?
Hello, check out our website under resources for all links. Our website is forhire.pro/CSI
I was told by 4 dot officers in different states ,Door Magnets are not legally approved by fmcsa , stickers must be affixed to the vehicle . Just seen it in your description and wanted to throw out my experiences .
****If I'm reading this right..."a removable device" (d)(4) could be a magnetic sign as long as it "meets the identification and legibility requirements of paragraph (c) of this section, and such marking must be maintained as required by paragraph (c)(4) of this section."
§390.21 Marking of self-propelled CMVs and intermodal equipment.
(a) General. Every self-propelled CMV subject to subchapter B of this chapter must be marked as specified in paragraphs (b), (c), and (d) of this section, and each unit of intermodal equipment interchanged or offered for interchange to a motor carrier by an intermodal equipment provider subject to subchapter B of this chapter must be marked as specified in paragraph (g) of this section.
(b) Nature of marking. The marking must display the following information:
(1) The legal name or a single trade name of the motor carrier operating the self-propelled CMV, as listed on the Form MCSA-1, the URS online application, or the motor carrier identification report (Form MCS-150) and submitted in accordance with §390.201 or §390.19, as appropriate.
(2) The identification number issued by FMCSA to the motor carrier or intermodal equipment provider, preceded by the letters “USDOT.”
(3) If the name of any person other than the operating carrier appears on the CMV, the name of the operating carrier must be followed by the information required by paragraphs (b)(1), and (2) of this section, and be preceded by the words “operated by.”
(4) Other identifying information may be displayed on the vehicle if it is not inconsistent with the information required by this paragraph.
(c) Size, shape, location, and color of marking. The marking must-
(1) Appear on both sides of the self-propelled CMV;
(2) Be in letters that contrast sharply in color with the background on which the letters are placed;
(3) Be readily legible, during daylight hours, from a distance of 50 feet (15.24 meters) while the CMV is stationary; and
(4) Be kept and maintained in a manner that retains the legibility required by paragraph (c)(3) of this section.
(d) Construction and durability. The marking may be painted on the CMV or may consist of a removable device, if that device meets the identification and legibility requirements of paragraph (c) of this section, and such marking must be maintained as required by paragraph (c)(4) of this section.
forhire.pro/e-CFR
Just wondering if you could give your insight about semi-rental Insurance on AMZN relay thanks l enjoy your videos..
Theres not much difference between renting and owning when it comes to semi's as far as insurance goes. Do you have any specific questions? You can schedule a call here: forhire.pro/call
Love the info. Do you write in nyc? Insurance is the only reason I have to lease on to another authority right now. Quotes are coming in at least 23k for me, 1800 monthly smh. And that nationwide budget rate is still good right? I was going to have my driver take a trip to Ohio to get the truck at enterprise, but it's basically the same rate as budget, so I would love to get locked in so he doesn't have to travel.
I don't write in NY yet. Expanding though so hopefully soon.
Wow 1800 a month
Great content. I’m starting up a trucking business and am looking to work for Amazon renting a box truck. Do you do insurance in South Carolina??
Hello, we do! You can request a quote here: forhire.pro/TruckQuote
Hello. Thank you for the great content, your videos are really helpful. One thing, when I call the insurance company, I know commercial, but what limit/amount do I tell them I need? I.E., a million, more or less? I am not sure if I just say I need commercial insurance for a 26ft box truck and that's it. Thank you for the help.
A million is standard for most brokers.
@@TruckInsurance thank you for the help.
Hey who do you have your employer liability insurance with, I can't find anyone. That's the last thing I need for amazon...Thanks bro keep up the good work
Is employer liability a requirement for your state? Amazon shows it as a requirement but I've helped over 100 companies get setup with Amazon Relay and never once sold anyone Employer Liability and I write insurance in 8 states. Amazon only checks for auto liability, general liability, and cargo coverage, that's really all you should need getting started. If you grow and hire employees and not just contractors, you might need employer liability and workers comp, but those requirements vary by state and Amazon Relay will probably not ever verify those coverages with you.
So I have my truck in the shop at the moment getting situated and its on my insurance. Its a 99 international. My authority just went active a few days ago. I was looking to do a rental for the time being since the mechanic is backed up.Will my monthly insurance payment go up? And should I take my truck off the policy to add the rental for the time being or just leave it as is with both my truck and the rental on the policy?
In this situation, its important to understand the regulations around insurance and scheduled auto policies...When your insurance company submits filings to the FMCSA, they are promising to insure the vehicles you operate under your authority. When you get your insurance, you agree to notify your insurance agent/company of any vehicles that will be operating under your authority so they can be listed on your policy. If a vehicle is registered to your business...it has to be on the policy, even if its not being used (there are some scenarios and policies where you could reduce coverages but that varies a lot and isn't always a good option). IF you can get Hired and Non-owned coverage added to your Auto Liability policy, these coverages can allow you to use a SUBSTITUTE vehicle while one of your scheduled vehicle is out for maintenance (and normally this has limits that vary by policy), BUT if you were to try and run both vehicles...then both vehicles have to be scheduled...This is one of those things that gets people in trouble and it's important to understand how all of it works so you can use what applies to you. Also if your truck that is down for maintenance has physical damage rated at $30K (for example)...you'll probably need to increase it for the rental value or just pay for physical damage coverage through the rental company's insurance. Hope this isn't an overload but my goal with this channel is to be informative and share things I've seen...such as...When a guy thought he could be slick and just run with insurance on one truck but really had 5 out on the road and one of his drivers rolled a rental truck coming off an exit ramp...$60K....not covered...no longer in business!
I am in Virginia , and we are about to start up a carrier business . I am debating between a box truck rental or cargo van purchased .Do you assist with start up for a fee ?
We do not assist in starting the company. We can handle the insurance for you though. You can schedule a call with us here: forhire.pro/call
I did everything The LLC the EIN number and I got my US DOT number too but won’t let me do ucr for reason By the way the dot did not charge anything for some reason????? Can you please help me with that
Could you please reach out to me via email daniel@charlesstring.com or schedule a call here: forhire.pro/xCall
Do you only deal with box trucks? I'm interested in renting a big truck to do power only for amazon. Any advice will be greatly appreciated.
You can fill out a quote form here for larger trucks: forhire.pro/SemiQuote
When renting a box truck you tell the place your renting from that your keeping the truck for a couple of months...so you don't have to keep updating your insurance policy
That doesn't always work, some will let you though.
So do I need a truck to apply for dot and mc, I thought I need to provide a vin number? I'm confused lol thanks
Nope you don't need a truck to apply for your authority. You only need the VIN from a similar truck to get insurance quoted and started.
@@TruckInsurance okay thanks
@@TruckInsurance In that case has to be a rental truck then.
I live in Pensacola Fl area. You have info for this area. I am a OTR driver but I want my son in law to start Amazon in box truck. Any info will help us out.
I don't currently write in Florida unfortunately. I am working on expanding though!
Can u dispatch yourself. And do you need a freight agent or broker for Amazon relay??
You can dispatch yourself. For relay you just need an insurance agent.
Don’t rental companies like coop and Penske offer insurance when you are renting the truck is the insurance they offer not able to be used to sign up?
Rental companies do not offer the type of insurance you need for Amazon and other load boards.
The rental companies do not offer the coverage needed to get your DOT & MC active with the FMCSA; which is a requirement for Amazon Relay.
Whats the best company to rent from? Some of em charge Ridiculous prices pre mile
It varies from area to area, but budget is usually the lowest.
Can you do this part-time on weekends?
You could, but we do not recommend it.
So instead of renting a truck is better to get ur own even though u pay it little by litte right? And u can return it anytime too in case it does not work the way u want?
Renting is a good alternative to going off the deep end and investing in owning a truck. You also don't have to worry about maintenance when renting.
@@TruckInsurance yes is a good option to start. Thanks.
But how much money do you actually do? If I have a a driver I’m paying, $800 a week, my insurance is $2400 a month, rental is $650 a week unlimited miles, how much money would I have after gas? Is it profitable? Would I make at least $500 a week? Let’s say I drive the truck as well on Saturdays too. Thank you for your response
Its tough to rent and make a profit if you aren't driving yourself unless you have multiple trucks on the road.
But how do you get an authority with a rental because you need to get a truck first with insurance on it to get a actual trucking authority.
No, you do not. You apply for your authority, then you get insurance.
Hi. Amazon Relay is requesting a certificate of insurance from me. Nobody at Progressive or Amazon knows where to send it. Do you have an email address for their third party insurance compliancy company?
Here's the email address to Registry Monitoring Insurance Services, Inc.: transportation@rmis.com
@@TruckInsurance thank you 🙏🙏
I got a quote for 5200 deposit ( progressive) any advice Florida
Did you get the same exact quote from any other agents?
You do New York ??
yes! We are in every state.
Can i do a corp or have to be an llc??
You can do either one. most common is LLC
If you need help with getting your trucking company started, getting insurance or just have any other questions, feel free to email me at office@charlesstring.com or schedule a call with me here: forhire.pro/Talk-to-us
Give me the update when u have it for pennsylvannia. Im actually in new york but im moving mostly because of the insurance. The metropolitan areas the insurance is way too high.
so if i do this for a month and quit ill have a pending cancellation??? which is bad
Yes.
How do u make money in Florida if your just starting out loads for a beginner is 250 t0 400 per day.. after gas ,renting and mileage .19 mile u don’t make anything
Florida is tough for insurance! but people are doing it everyday down there...not everyone keeps doing it, but there are certainly people doing it and making a good living at it.
I'm in Ohio. Do you insure in this state?
yes we do!
How much could one profit from going the rent route?
Sky is the limit if done right. There are several other guys that break down their profits running rental box trucks for Amazon Relay. I would check those out and also call around to the truck rental locations near you to get quotes on the weekly rental rates.
A rental truck is like a 100 or 124 a day. Depending which company.
@@antolintaveras7914 Don't forget the milage charge. Looking at Budget right now .29 a mile. Do 2000 miles a week your at an extra 2 grand a month just right there.
@@SkilledEddie ok thanks
I have so many questions I’m about to start for a 3rd party company to get the driving down but it seems Amazon relay and renting is the way to go
Ask away, I’m definitely in favor of people posting their questions on here so others can read the answers but if it’s something you’d like to send me, feel free: daniel@charlesstring.com
Would be worth it to rent a truck over the road
That question depends on a whole lot fo things and comes with even more opinions. I say it really depends on your specific business model and goals. It has to be worth it to some because I've seen quite a few companies grow from renting 1 truck to having a fleet of 10+
Do you work in California?
No not yet!
I'm thinking about renting a truck through enterprise and they are offering their own insurance. Would using Enterprise's insurance be good enough for Amazon Relay, or should I still get insurance through Progressive? Thanks!
You definitely need your own authority and to do that you have to get your own insurance. I made a video about the insurance requirements that breaks this down.
@@TruckInsurance Hey.
I just bumped into your video this morning. And I live in Ohio. Do you have anything to do with Ohio, in relation to the trucking Insurance n rental? I am interested in the deal. So let me know if I should give you a call regarding this please.
Thanks.
@@TruckInsurance Great thank you, I will watch you video
Do you write in California
Great aspirations
Not at this time.
Do we need dot card?
Yes
When u do the dot phisycal exam they give u the card
@@antolintaveras7914 as soon as you pass the DoT physical you leave with the medical card.
Hello how you doing
? Do I need a DOT number if I'm renting a box truck could I use the same DOT number off the rental block truck
You would need your own motor carrier authority & dot number.
Thank you so much keep up the good work
He looks like Jay Cutner ex Chicago bears quarterback
Hahaha thank you!
In Texas progressive does will not insure rentals and recommendations on who will
I might be able to help you out. Feel free to schedule a call with me: bit.ly/CScallapp or email me: daniel@charlesstring.com.
I couldn't imagine paying $2500 a month to rent a fucking box truck lmao... That's what I pay for my brand new Cascadia
Not everyone has the ability to finance unfortunately so this is an option to get their foot in the door.
Progressive in my city doesn't do rental trucks at all
What city/state are you in?
@@TruckInsurance memphis,tn but another company said they would do it for me. I'm starting off with a rental truck with Amazon next month. Do they have good loads with Amazon?
@@arquisstewart9729 hey did you start yet ?
@@kanni767 I start on the 4th of April
Can I talk to you?
They need to know how to run a log book, I bet you that. D.O.T will bust a hole in they wallet.
...you never forget getting hit in the wallet! LOL
Rent and Relay?
🤣
Are you asking if you can rent with relay?