{"id":27022,"date":"2023-07-12T12:28:39","date_gmt":"2023-07-12T12:28:39","guid":{"rendered":"https:\/\/swoopfunding.com\/ca\/?post_type=start-a-business&#038;p=27022"},"modified":"2025-02-28T13:56:13","modified_gmt":"2025-02-28T13:56:13","slug":"transport-business","status":"publish","type":"start-a-business","link":"https:\/\/swoopfunding.com\/ca\/start-a-business\/transport-business\/","title":{"rendered":"Transport business"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27022\" class=\"elementor elementor-27022\" data-elementor-post-type=\"start-a-business\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b3fcd2d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3b3fcd2d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-78c7fa95\" data-id=\"78c7fa95\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-55d0851d elementor-widget elementor-widget-text-editor\" data-id=\"55d0851d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tIf you know a lot about the transport industry and are keen to run your own business, this short guide aims to cover the steps you need to take and help you understand how to start a transport business.\u00a0\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6dda3f4d elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6dda3f4d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/app.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67e369c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67e369c2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1d6348ef\" data-id=\"1d6348ef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f292de4 elementor-widget elementor-widget-ucaddon_aivoov_player\" data-id=\"f292de4\" data-element_type=\"widget\" data-widget_type=\"ucaddon_aivoov_player.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t<div class=\"aivoov-player-block\">\n\t<div class=\"read_this\">Read this article to me<\/div>\n\t\t\t<style>\n\t\t\t.plyr__controls .plyr__controls__item:first-child{\n\t\t\t\tbackground:#2e9c8e !important;\n\t\t\t}\n\t\t\t:root{\n\t\t\t--plyr-color-main:#2e9c8e;\n\t\t\t--plyr-audio-controls-background:#f0f2f4;\n\t\t\t--plyr-audio-control-color:#546a7b;\n\t\t\t}\n\t\t\t[data-plyr=\"mute\"]{color:#2e9c8e !important}\n\t\t\t.aivoov-text-color{color:#546a7b}\n\t\t<\/style> \n\t\t<div class=\"audio_player\">\n\t\t<audio class=\"js-player\" controls=\"\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/62e77ef6-e324-4594-9a6a-1337ff92780b.mp3\" type=\"audio\/mp3\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/62e77ef6-e324-4594-9a6a-1337ff92780b.mp3\" type=\"audio\/ogg\" \/>\n\t\t<\/audio> \n\t\t\t\t <div class=\"powerd_by aivoov-text-color\"><p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/aivoov.com\/?um_source=plugin_powered_by\" style=\"color: inherit;\">Powered by AiVOOV<\/a><\/p><\/div>\n\t\t \n\t\t<\/div>\n\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55f2012 elementor-widget elementor-widget-heading\" data-id=\"55f2012\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why start a transport business?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-30d4521 elementor-widget elementor-widget-text-editor\" data-id=\"30d4521\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Demand for transport services is high right now. A shortage of HGV drivers and high fuel costs mean that many clients are desperately looking for suppliers to transport goods around Canada and on the continent.\u00a0<\/span><\/p><p style=\"text-align: left;\"><span style=\"font-weight: 400;\">That means that if you have experience in the haulage industry and fancy being your own boss, it could pay to set up your own transport business.<\/span><\/p><p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Be warned, however, that it is also a competitive industry, so it\u2019s crucial to do some research and take steps to keep your costs low to increase your chances of success.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12a3a37d elementor-widget elementor-widget-heading\" data-id=\"12a3a37d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the steps to opening a transport business?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b3bb6e8 elementor-widget elementor-widget-text-editor\" data-id=\"7b3bb6e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you\u2019re thinking about opening a transport business, below are the key steps to follow to get your plans off the ground.\u00a0<\/span><\/p><h3><strong>Step 1. Identify your niche\u00a0<\/strong><\/h3><p><span style=\"font-weight: 400;\">First of all, you need to decide what sort of service you want to offer. You can, of course, operate in a number of areas, but it\u2019s generally better to establish a particular niche at the start to help you stand out from your competitors and perhaps attract more specialist clients.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Some examples to think about include waste disposal, parcel delivery, and vehicle transport, but there\u2019s a whole range of alternative options. Make sure you carry out some research on your chosen niche to check there is enough demand before you go any further.\u00a0<\/span><\/p><h3><strong>Step 2: Decide on the size and type of fleet you want to build<\/strong><\/h3><p><span style=\"font-weight: 400;\">Now you need to work out how many vehicles you want and how fast you want to expand. It\u2019s generally better to start small and have a fleet of, say, two to five vehicles as this can help keep your overheads down. You can then decide as and when you want to add to your fleet, depending on how well your business is performing.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Another consideration is whether you want petrol or diesel vehicles, or maybe even electric. You\u2019ll also need to decide on the size of the vehicles, which will depend on what type of services you\u2019re offering.\u00a0<\/span><\/p><h3><strong>Step 3: Choose a location<\/strong><\/h3><p><span style=\"font-weight: 400;\">The location of your business also needs to be considered carefully. To help you make your decision, you\u2019ll need to think about whether you can easily access major road routes and what rental prices are like. Warehouses tend to be cheaper to rent compared to standard commercial properties, but prices will vary depending on the region you\u2019re based in. Keeping your rental costs down will help reduce your overheads and potentially increase your profit.<\/span><\/p><h3><strong>Step 4: Work out your costs<\/strong><\/h3><p><span style=\"font-weight: 400;\">Your next step is to think about all the regular costs your business will face. These include the purchase or leasing of vehicles, vehicle maintenance, fuel and insurance, plus staff wages, your rent and advertising and marketing fees. Knowing exactly how much to budget for these items will ensure you don\u2019t end up spending more than you can afford.<\/span><\/p><h3><strong>Step 5: Be aware of your legal obligations<\/strong><\/h3><p><span style=\"font-weight: 400;\">You\u2019ll need to take out fleet insurance to cover your vehicles, as well as goods in transit insurance to cover the items you transport. It\u2019s worth having breakdown cover too.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">On top of this, you\u2019ll need to factor in other <\/span><span style=\"font-weight: 400;\">business insurance<\/span><span style=\"font-weight: 400;\"> costs such as public liability insurance, employer\u2019s liability insurance and professional indemnity insurance.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Public liability insurance protects you against costs resulting from third party injury or damage to property, while professional indemnity insurance means you\u2019re covered if a client loses money as a result of negligence in the services you\u2019ve provided.<\/span><\/p><p><span style=\"font-weight: 400;\">Employer\u2019s liability insurance is likely to be a legal requirement if you employ staff. It pays out if an employee becomes ill or injured as a result of the work they do for you.\u00a0<\/span><\/p><h3><strong>Step 6: Sign up to a freight exchange<\/strong><\/h3><p><span style=\"font-weight: 400;\">It can also be worth signing up to a freight exchange website<\/span><span style=\"font-weight: 400;\">. This can make it easier to run your company and allow you to check the status of your freight operations. It can also help you find trustworthy and compliant drivers for your business and will provide a host of tips to help you build a successful business.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6879388 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6879388\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/app.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a32811 elementor-widget elementor-widget-heading\" data-id=\"3a32811\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Secure funding\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdcfce8 elementor-widget elementor-widget-text-editor\" data-id=\"bdcfce8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Most people starting a business will need to borrow funds to help get them up and running and also to expand later down the line.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">One option to consider is a <\/span><span style=\"font-weight: 400;\">startup loan<\/span><span style=\"font-weight: 400;\"> which is designed to help new businesses launch and expand. You\u2019ll be given a lump sum of capital that you then repay in monthly instalments at a fixed rate of interest. However, you will need to be at least 18 years old and live in Canada to qualify and your business must not have been trading for more than 36 months.<\/span><\/p><p><span style=\"font-weight: 400;\">If you don\u2019t qualify, you might be able to apply for a standard <\/span><a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/\"><span style=\"font-weight: 400;\">business loan<\/span><\/a><span style=\"font-weight: 400;\"> from a <a href=\"https:\/\/swoopfunding.com\/ca\/business-glossary\/high-street-bank\/\">high street bank<\/a> or online lender. Again, this will enable you to borrow a lump sum of cash over a set term. <\/span><\/p><p><span style=\"font-weight: 400;\">It can also be worth looking into <\/span><a href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/asset-finance\/\"><span style=\"font-weight: 400;\">asset finance<\/span><\/a> <span style=\"font-weight: 400;\">to help you acquire the vehicles you need to run your business. Within this, there are three options to consider \u2013 hire purchase, leasing and contract hire.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If you opt for hire purchase, you\u2019ll pay an initial deposit for the vehicle and the remaining cost is then divided into monthly instalments, with interest added. You\u2019ll own the vehicle outright after you\u2019ve made the final payment.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">With leasing, you rent the vehicle from a finance provider and pay a regular fixed fee over a set term. Again, interest is added to this. At the end of the term, you\u2019ll usually be given the options of paying a lump sum to buy the vehicle, continuing to lease it, or cancelling the agreement and returning the vehicle.<\/span><\/p><p><span style=\"font-weight: 400;\">Contract hire is often used for new or nearly new vehicles. You sign a contract with a finance company that buys the vehicle you want and then hires it back to you. Once the contract has come to an end, you return the vehicle and can then acquire a new one with a new contract.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be64ab0 elementor-widget elementor-widget-heading\" data-id=\"be64ab0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Get started with Swoop's business funding platform<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71b77e22 elementor-widget elementor-widget-text-editor\" data-id=\"71b77e22\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Not sure which funding option is best for you and your new transport business? Don\u2019t hesitate to contact the team of experts at Swoop who will be happy to talk through your funding requirements and help you find the most suitable choice for your new business. <\/span><a href=\"https:\/\/app.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Get in touch today<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55b9509 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"55b9509\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/app.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"author":22,"featured_media":0,"parent":0,"template":"","start-a-business-sectors":[339],"class_list":["post-27022","start-a-business","type-start-a-business","status-publish","hentry","start-a-business-sectors-business-ideas"],"acf":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>If you know a lot about the transport industry and are keen to run your own business, this short guide aims to cover the steps you need to take and help you understand how to start a transport business.\u00a0 Get a quote Why start a transport business? Demand for transport services is high right now. A shortage of HGV drivers and high fuel costs mean that many clients are desperately looking for suppliers to transport goods around Canada and on the continent.\u00a0That means that if you have experience in the haulage industry and fancy being your own boss, it could&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Rachel Wait","url":"https:\/\/swoopfunding.com\/ca\/author\/rachel-wait\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/start-a-business\/27022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/start-a-business"}],"about":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/types\/start-a-business"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/users\/22"}],"version-history":[{"count":36,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/start-a-business\/27022\/revisions"}],"predecessor-version":[{"id":38598,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/start-a-business\/27022\/revisions\/38598"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/media?parent=27022"}],"wp:term":[{"taxonomy":"start-a-business-sectors","embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/start-a-business-sectors?post=27022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}