Buying a trucking company in South Florida

• Direct shipper customers with years of history, not only brokered loads that can vanish when rates fall.
• A clean safety record: few crashes, good roadside inspection results, and no conditional or unsatisfactory rating from FMCSA, the federal safety regulator.
• A maintained fleet with documented service records and a sensible replacement schedule.
• Drivers who stay, because pay, equipment and home time are good. Turnover is one of the biggest hidden costs in trucking.
• Insurance at a reasonable premium, backed by a clean claims history.
• A safety manager and dispatcher who run daily operations without the owner.
• Costs tracked per truck and per mile, so the owner knows which routes and customers make money.
• Freight both into and out of Florida, so trucks don't run long distances empty.

• FMCSA safety data: inspection results, crash history, out-of-service rates and any audit or investigation findings.
• Driver files, drug and alcohol testing records and hours-of-service logs.
• Insurance quotes for you as the new owner before you commit. Premiums can jump with a change of ownership or a new USDOT number.
• Each truck's age, mileage, maintenance records and what's owed on it.
• How much depends on the biggest customers, brokered versus direct revenue, and rates per mile on each route.
• Owner-operator agreements, and whether those drivers are properly treated as contractors.
• Open claims, cargo damage claims and lawsuits, including any from crashes.
• For household movers, complaints filed with FDACS, and whether estimates and contracts follow Florida's moving law (chapter 507).
• Data from tracking devices and dash cameras, if the fleet has them, which shows how the trucks are actually driven.

• What share of revenue comes from direct shippers, and how long have they worked with you?
• How long do your drivers usually stay, and how do you find new ones?
• How has your insurance cost changed over the last three years?
• Have you had any serious crashes, audits or FMCSA investigations?
• How do you find loads leaving Florida?
• Who handles safety compliance and dispatch today?
• When does each truck need replacing?

South Florida covers Miami-Dade, Broward, Palm Beach and Monroe counties: Miami, Hialeah, Doral, Fort Lauderdale, Hollywood, Pompano Beach, West Palm Beach, Boca Raton, Jupiter, and the Florida Keys down to Key West. It's the state's largest metro area and its most international. PortMiami, Port Everglades and Miami International Airport tie the region to Latin America and the Caribbean, which supports a deep base of wholesalers, freight forwarders and logistics firms, many of them near the airport. Tourism and cruises, finance and wealth management, health care, real estate and construction carry much of the rest. Palm Beach County adds wealthy seasonal residents and, out west near Lake Okeechobee, sugarcane and vegetable farms. In the Keys, nearly everything turns on visitors, fishing and boating.

Companies that serve homes, condo buildings and other businesses do well here: the building trades, property services, insurance agencies, medical and dental practices, and professional firms.

Costs run high: commercial rent, wages and, above all, property and windstorm insurance. Price the insurance before you make an offer, not after. Miami-Dade and Broward make up the Florida Building Code's High-Velocity Hurricane Zone, with stricter rules for roofs, windows and structures. That raises building costs, and it also gives steady work to the contractors who know those rules well.

Much of the workforce and many customers speak Spanish as well as English, and a company that works well in both languages has an edge. The winter season matters more in Palm Beach County and the Keys than in Miami. In the Keys, the cost of housing makes hiring and keeping staff one of the hardest parts of running a company. Ask any seller there how they find workers and where those workers live.