How To Start A Lucrative Haulage Business In Ghana

Have you heard about Haulage business in Ghana before now?

Well, haulage is one of the best business you can do in Ghana despite the hardship involved.

Transportation of goods from one location to the other has been a major challenge in Ghana due to the very poor state of the Railway system in Ghana.

The only means through which goods can be transported effectively right now is by the road and that is why haulage business is booming in the country.

Haulage means the transportation of goods from one part of the country to the other.

Haulage services is rendered using vehicles that is capable of lifting much quantity of goods at a time. Such vehicles are: tankers, trailers, cranes, tippers, trucks, etc.

Some of the products that can be transported through haulage services are:

Petroleum products such as Kerosene, Liquefied Natural Gas, Premium Motor Spirit, Engine Oil, Diesel, and any other related petroleum products.

Consumer goods from the manufacturing companies.

All consumable goods such as foods and drinks from the manufacturing plants to the distribution or retail destination.

Sand and stones from the dredging sites and quarry sites to the construction sites.

Building materials such as cements, woods, irons, ceiling boards, corrugated sheets, and every other construction materials of these kinds.

Containers from the seaport to the final destination or from destination to the seaport. There are thousands of other goods transported through haulage services that are not mentioned here.

OPPORTUNITIES IN HAULAGE SERVICES

The opportunities in this sector of the economy is many and mouth watering and below is just the major ones you can take advantage and invest in right away.

Haulage Company

The first that comes to mind is owning a haulage company with your own fleet of vehicles and using it to transport goods for individuals and companies and getting paid for the services rendered.

This is a very profitable aspect of haulage business but also comes with higher risks.

RISKS AND CHALLENGES

Like every serious business, there risks in involved in
operating haulage services in Ghana and understanding
these risks will help you plan your investment properly.

Below are some of them.

1. Loosing your trucks due to bad road

With the state of roads in Ghana, most people will think
twice before delving into haulage business. Hardly can you
travel any major roads in Ghana without seeing tens of
truck breakdown on the roads.

Some fall and somersaults
into creeks and rivers due to bad roads.

2. Drivers habits

Most drivers have the tendency to cheat by all mean.

If this
is not properly handled or you don’t have the mechanism to
take care of this, your drivers have the singular ability to
rundown your haulage company to to the ground within
short period.

3. High cost fueling and maintenance

When you subtract that
from the amount you charge, you find out that most of the
money goes to fueling alone.

You run the risk of charging
much and earning little.

4. You need minimum of 5 truck

To have your haulage company registered, you need to
acquire minimum of five trucks.

Buying one truck isn’t easy
let alone five.

So, higher start up cost means higher
financial risk.

Other Facts To Consider In Haulage Business

1) You MUST take into consideration the maintenance cost,
insurance cost, These take up a significant cost of
your business and it is not all pure profits.

2) Fuel is a significant cost, and also getting pure diesel
instead of contaminated diesel is a very high challenge.

Contaminated diesel wears down your engine extremely
quickly, and you will be faced with high maintenance costs.

Fleet Managers

Fleet Managers or Haulage Agents are owners of registered
haulage company who specializes in handling other
peoples fleets in addition to their own.

While some really
does it as addition to their own fleets, others specialize
exclusively in handling other peoples trucks.

It is the same as running your own haulage transport
company and comes with almost the same level of risks.

The major difference is that the cost of acquiring those
trucks is passed over to the truck owners while the
maintenance most times goes to the agent who manage
and maintain the vehicles and pay agreed commission to
the truck owners on monthly basis.

Leasing Out Trucks

This is the aspect some investors finds more convenient.

All you need to do is to acquire the trucks, starting from
one to as many as you can afford.

Get a reputable haulage
company who will manage it and pay you monthly revenue
per truck.

The Following Conditions Prevails In Our
Leasing System

1. You buy the truck, get it insured, get it registered and
ready for business.

2. You lease the truck to for an agreed amount that will be
paid into your account on monthly basis, and the truck
managers take care of the driver and maintenance or

3. Fleet managers take the truck for you and pay all income
into your account, you are responsible for the driver and
maintenance and you pay the managers 20% of your
monthly income while they manage your truck.

So, go ahead and fire up your investment portfolio with one
of a kind investment opportunity in haulage business in
Ghana.