₦airaland Forum

[center]AREAS OF INVESTING IN HAULAGE BUSINESS[/center]


There are various  ways by which you can be involved in haulage business such as:

a.     AGENT: you could get truck for a transporter who had a contract with company but have no enough truck or no time to look for truck  and you get the goods transported to the desired destination.

b.     TRANSPORTER: You can get contract with manufacturing companies such as PZ Ind, Int. Breweries and other and register as their transporter to lift their goods from one point to various part in the country. You will have to have a "good in transit Insurance" to cover loss during journey

c.     INDEPENDENT OPERATOR: Your duty as an independent operator is to get a fleet of trucks and seek for contract with multinationals in the country and get paid for deliveries made. You will have to do your own maintenance and repairs by your self, employ your own drivers. Most of the companies prefer this.

d.     CONTRACTOR: If you are coming into haulage business as a contractor with companies, all you have to do is to register with them and place your fleet at the disposal of the company, they will manage it for, secure the driver, do the maintenance and repair for and pay you an agreed at the end of the month ranging from N300,000 - N500,000.

e.     LEASOR: You can concentrate on leasing out trucks to a haulage company that is registered with manufacturing or multinational. In this case, you will be dealing with the haulage company and not the multinational.

For more info send your email to: haulagino@gmail.com or 08132820002

Any body with a useful question that we can look at before I continue can ask now

other places on how to get jobs are:

Clearing and forwarding Agent

Importer and Exporter

Bonded Terminal which are spread all over the place especially in Lagos

In accordance to one message I received in my email box, the person wants to know which job (local or interstate) is better than the other.

First, let us consider the definition; Local jobs are jobs done within a state(Lagos: Apapa to Ikeja) or within a geographical zones (Western part of Nigeria: Lagos to Ondo) while Interstate are job done from one state to another state especially across geographical zones (Lagos to Abuja).

Hence, am not going to give final and precise verdict on the topic, but we are going to consider some factors which we open our eyes to making decision, the factors such as:

DISTANCE: Due to short distance involves in the local job, the destination can easily be traced if the driver wants to play any trick on you.
INCOME : The amount realized in inter-state job from the calculation is very high and it comes in instant cash.
CAPITAL RECOVERY: Because of the huge income easily generated through inter-state job, the amount committed to starting the business can quickly be recover than the local job.
TRUCK DEPRECIATION: The wear and tear of the truck that goes on far distance is much more higher the truck that ply short distance.
COST MAINTENANCE: It costlier to maintain a truck of inter-state because of the much more wear and tear than that of local truck.
RISK LEVEL: Though this depend on the mind state and experience of driver, but the risk is higher with long distance than short distance.

[center]INCOME GENERATION[/center]

By income generation, I mean how to be getting jobs that would give you the rate of turn-over that would enable you to realize the Expected Calculated Income. The following are the ways to get jobs:

Social Networking Platform: Once you have your truck, come on board to social networking platform like nairaland.com and you get a lot of people ready to engage your truck but beware of unscrupulous people on board.
Agents: Just try to get two or three commissioned agents, they get you jobs unlimited
Company: You can walk into any manufacturing/distributing company and ask for the logistic/transport manager and he would tell you their terms and conditions.
Major Transporter: In a case you cannot meet up the terms and conditions of any company, try and be under any major transporter that was able to meet up and you will be getting jobs though at a lower amount.

[center]This Analysis is for Flatbed and container body truck.[/center]

For more info send your email to: haulagino@gmail.com or 08132820002

hi,

For your interest, I hereby attached Excepted Income and Expenditure Analysis and Distribution, which shows you how viable and profitable haulage business is in Nigeria.

ANALYSIS AND DISTRIBUTION INCOME AND EXPENDITURE (INTER STATE)
Let me give you a little Income and Expenditure Analysis and distribution on haulage services that show the interesting and the width of the market; hence demand for the services is always consistent.
As many companies, individuals, agencies, amongst others as possible are the list users of haulage business. Even in the manufacturing countries, haulage business cannot be overlook not to talk of a consuming country like Nigeria, the importance of haulage business cannot be over emphasis.

As a business opportunity, anyone that is willing can invest with ease.

N.B: However, haulage service is a good enterprise. Good management is necessary to ensure its survival and profitability

THE INCOME
The rate of return on your investment and also based on the turn-around time of the truck. Because of the constraints such as traffic congestion on the road, mechanical faults, etc, one could experience a little hiccup. But with proper management, the haulage service is a high yielding investment enterprise.

For a trip to Abuja as example,
The trucker is paid *                                             N250,000.00
EXPENDITURE: Less
The running of the trip has a cost of fuel (750 x N160) ** = N120,000.00
Driver/conductor Allowance *** =                 N20,000.00
Unforeseen contingency Allowance**** =         N5,000.00                     N145,000.00
Therefore the projected profit per trip is                             N105,000.00

Mathematically,
N105,000 per trip (At least three(3) trips per 2 weeks)
N105,000 x 3 x 2 =                                      N630,000.00
Less: Driver Salary ***** = N30,000.00
                Conductor Salary =         N10,000.00
******Servicing (Depending on the vehicle) = N30,000 .00       N70,000.00[b]
Expected monthly income =                               N560,000.00[/b]

How to distribute the expected income
If you are an investor and manager at the same time, keep three hundred thousand naira (N300,000.00) for your investment, One hundred thousand naira(N100,000.00)  for your self, One Hundred thousand Naira(N100,000.00)  for the jobless period and Sixty Thousand Naira(N50,000.00)  for the truck in case of any unforeseen problem
Investor                 N300,000.00
Manager                 N100,000.00
Jobless period         N100,000.00
Unforeseen Problem N 50,000.00 N550,000.00

But if you are just a manager, do not enter an agreement beyond Three hundred thousand Naira (if possible lower) no matter the pressure on you; do not bargain for what you can not meet.  Then follow this way of income distribution as above.

NB:
(*) --- This does not mean cost payment for Abuja trip, it depends on your negotiating power. You can bargain for more especially at the peak period, but it can be lower at the rainy season or when the season is off peak.
(**) --- The cost of diesel varies and the litre consume depend on the type of truck and its level especially the state of the injector.
(***) --- The allowance is given to them in order to encourage them go as many trips as possible, because profit depends on the number of turn out. Another method you can use is to place them on 10% of the trip charges and you only give them any amount as salary at the end of the month.
(****) --- This allowance too is given to the driver so that he would not tamper with diesel money, because if he refuses to buy fuel it will quickly affect the injector and worn out the engine.
(*****) --- Salary is given so that at the end of the month, the driver/conductor still have something to take home, because they would squander their allowance while travelling.
(******) --- The cost of servicing depends on the truck and its condition of the engine with the availability of the servicing part.
This analysis is for inter state business of flatbed truck

ANALYSIS AND DISTRIBUTION INCOME AND EXPENDITURE (LOCAL)
For a trip to Ikeja as example,
The trucker is paid*                                                          N60,000.00
EXPENDITURE: Less
The running of the trip has a cost of fuel (75 x N160) ** = N12,000.00
Driver/conductor Allowance *** =                 N8,000.00
Unforeseen contingency Allowance**** =         N2,000.00                          N22,000.00
Therefore the projected profit per trip is                                          N38,000.00

Mathematically,
N38,000 per trip (At least three(3) trips per 2 weeks)
N38,000 x 3 x 4 =                                                                           N456,000.00
Less: Driver Salary ***** =         N20,000.00
                Conductor Salary =                 N6,000.00
******Servicing (Depending on the vehicle) = N30,000 .00                                           N56,000.00
[b]Expected monthly income =                                                           N400,000.00[/b]

How to distribute the expected income
If you are an investor and manager at the same time, keep two hundred and twenty thousand naira (N220,000.00) for your investment, Eighty thousand naira(N80,000.00) for your self, One Hundred thousand Naira(N100,000.00)  for the jobless period and Sixty Thousand Naira(N50,000.00)  for the truck in case of any unforeseen problem
Investor                N220,000.00
Manager                N80,000.00
Jobless period        N50,000.00
Unforeseen Problem        N 50,000.00 N400,000.00


NB:
(*) --- This does not mean cost payment for Abuja trip, it depends on your negotiating power. You can bargain for more especially at the peak period, but it can be lower at the rainy season or when the season is off peak.
(**) --- The cost of diesel varies and the litre consume depend on the type of truck and its level especially the state of the injector.
(***) --- The allowance is given to them in order to encourage them go as many trips as possible, because profit depends on the number of turn out. Another method you can use is to place them on 10% of the trip charges and you only give them any amount as salary at the end of the month.
(****) --- This allowance too is given to the driver so that he would not tamper with diesel money, because if he refuses to buy fuel it will quickly affect the injector and worn out the engine.
(*****) --- Salary is given so that at the end of the month, the driver/conductor still have something to take home, because they would squander their allowance while travelling.
(******) --- The cost of servicing depends on the truck and its condition of the engine with the availability of the servicing part.
This analysis is for inter state business of flatbed truck

But if you are just a manager, do not enter an agreement beyond Two hundred and twenty thousand Naira (if possible lower) no matter the pressure on you; do not bargain for what you can not meet.  Then follow this way of income distribution as above.

[center]
What else you need to take note of is the number of job you get per week in a month, determine your profit.  So you must strife hard to be getting jobs OFTEN.[/center]

[center]BE WARN THAT THE ANALYSIS ABOVE IS NOT AUTHOMATIC, THERE ARE OTHER CONTRIBUTING FACTORS THAT WE WILL DISCUSS LATER[/center]


After this, the next we shall be talking about is Income Generation, that is how to get job in order to actualize the calculated Income.

For more info send your email to: haulagino@gmail.com or 08132820002

Let me give you a little Income and Expenditure analysis on haulage services that show the interesting and the width of the market; hence demand for the services is always consistent.

As many companies, individuals, agencies, amongst others as possible are the list users of haulage business. Even in the manufacturing countries, haulage business cannot be overlook not to talk of a consuming country like Nigeria, where the importance of haulage business cannot be over-emphasised.

As a business opportunity, anyone that is willing can invest with ease.

N.B: However, haulage service is a good enterprise. Good management is necessary to ensure its survival and profitability

THE INCOME
The rate of return on your investment and also based on the turn-around time of the truck. Because of the constraints such as traffic congestion on the road, mechanical faults, etc, one could experience a little hiccup. But with proper management, the haulage service is a high yielding investment enterprise.

For a trip to Abuja as example,

Payment = N250,000.
The running of the trip has a cost of fuel (750 x N160) = N120,000.
Driver/conductor Allowance = N20,000
Unforeseen contingency Allowance = N5,000
Therefore the projected profit per trip is N105,000.

Mathematically,
N105,000 per trip (At least three(3) trips per 2 weeks)
N105,000 x 3 x 2 = N630,000
Less: Driver Salary = N30,000
Conductor Salary = N10,000
Servicing =N30,000 (Depending on the vehicle)

Expected monthly income =N560,000

How to distribute the expected income
If you are an investor and manager at the same time, keep three hundred thousand naira(N300,000) for your investment, One hundred thousand naira (N100,000) for your self, One Hundred thousand Naira (N100,000) for the jobless period and Sixty Thousand Naira (N60,000) for the truck in case of any unforeseen problem.

But if you are just a manager, do not enter an agreement beyond Three hundred thousand Naira (if possible lower) no matter the pressure on you; do not bargain for what you can not meet.  Then follow this way of income distribution as above.

sibb2011:
Do you have either 20 or 40 feet flat-bed/sided truck? and you probably want a permanent jobs for them? Then call us on 08183083698, 07043806537, 08096029035, 07041192953, 07036061552.

Topseed:
should in case you have any clearing and forwarding need, Topseed Internatioan Limited is your best option. We are located at 4 Tex Olawal crescent olodi Apapa Lagos. Our contacts are 08052329064 and 07035757813.
With Topseed International, your consignment is off the terminal in six working days.

I am happy with these two adverts that show that haulage is a hot business that prosper any day, so if you have truck already, this is an opportunity for you.

For more info send your email to: haulagino@gmail.com or 08132820002

other types are as below

To carry finished that are parked in bag like cement, flour, rice or container or pole, iron etc, you can use a flatbed trailer like the picture below

Hello,

Haulage is a business of transporting goods from one place to another in order to meet the satisfaction of the consumers, the goods can be in form of liquid such as gas, kerosine, petrol, diesel or Solid minerals such as sand, clay, granite, agricultural products etc and other finished products.

The type of truck used depends on the good you wish to be carrying.

for more info send your mail to: haulagino@gmail.com

Hello Nairalanders,

One of the best hot businesses in Nigeria that can make you million is haulage business. If you know the nitty-gritty of the business, it will be as if you never see more in your life. Though it has its own risks but they are manageable.

I shall be opening your eyes on how to make it in haulage business, even if you are already in it, you can learn more and know better.

For more info send your email to: haulagino@gmail.com or 08132820002