Executive Summary
The haulage and logistics industry in Nigeria presents a significant opportunity due to the growing demand for the transportation of goods fueled by industrialization, e-commerce, and agricultural trade. This business plan outlines the establishment of a haulage and logistics company designed to offer tailored transportation solutions for businesses across various sectors. The company will focus on reliability, timely delivery, and competitive pricing to establish itself as a key player in the industry.
Business Objectives:
Achieve a fleet utilization rate of 85% within the first year of operation.
Build a strong network of clients, including manufacturers, distributors, and e-commerce platforms.
Generate an annual ROI of 25% within the first three years.
Contribute to economic growth by creating job opportunities and enhancing supply chain efficiency.
Mission
To provide efficient, reliable, and cost-effective haulage and logistics solutions that empower businesses across Nigeria by ensuring timely delivery and customer satisfaction.
Vision
To become the most trusted and innovative haulage and logistics provider in Nigeria, recognized for excellence in service and operational efficiency.
Industry Analysis
The logistics and haulage industry in Nigeria is expanding rapidly, driven by the need to move goods across a vast and growing economy. Challenges such as poor infrastructure, high operational costs, and competition from informal players exist, but they also create opportunities for professional and organized services. The demand for reliable logistics solutions is particularly strong in sectors like manufacturing, agriculture, and retail.
Market Analysis
Target Market:
Manufacturers and distributors transporting raw materials and finished goods.
E-commerce businesses requiring last-mile delivery services.
Agricultural producers needing transportation for perishable and non-perishable goods.
Construction companies requiring heavy-duty haulage.
Market Size:
The haulage and logistics market in Nigeria is estimated at over ₦2 trillion annually, with strong growth potential driven by increased trade and e-commerce activities.
Competitor Analysis:
Competitors include small-scale transport operators, large logistics firms, and new entrants in the e-commerce logistics space. Differentiation will be achieved through superior customer service, modern fleet management, and technology-driven operations.
Our Haulage & Logistics Business Plan in Nigeria is regularly updated, it can be used to access bank loans, proposal writing and grant applications. The business plan was complied after a thorough feasibility study on Haulage and Logistics Business in Nigeria was done
Get Your Haulage / Logistics Business Plan In Nigeria and Feasibility Study. To place an order, pay N15,000 to
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
OR
OPAY
Account Name – Eyemeka Uwadia
Account No. – 7036785443
After payment text your name, send a text of your e-mail address to 07036785443 and you’ll receive your Haulage & Logistics Business Plan In Nigeria / Feasibility Study.
Haulage business otherwise known as trucking business is a very lucrative business. It is not very much popular because people view it as stress but there are profits in it. Haulage & Logistics business goes on roads and railways.
Our focus will be on road which happens to be the most available one as a result of the transportation of heavy goods.
Haulage vehicles includes trucks, flatbed trailers, heavy duty machinery, big containers and silos. These equipment focus on the transportation of heavy goods such as ores, wastes, supplies and coals.
Haulage means the transportation of goods from one place to another. These goods includes petroleum products such as: kerosene, engine oil, liquidized natural gas and so on. It also includes the transportation of sands and stones to the company sites. The advantage of this business is that it can be done in every country since there is always need for the transportation of heavy goods.
Haulage / Logistics Feasibility Study
This is important, write out the cost required for the business. This includes : how much do you have? Where do you intend to source for fund? Private or public individuals? How much do you need?
This includes feasibility studies on the market. Determining your location and competition. What skills do you have? If you don’t have, seek for skills or employ those who do. Knowledge is everything, it is the backbone of any business.
Purchase a truck
This is the second step, get a truck. Determine the type of truck you need. You can get either fairly used or new one. When getting the truck ensure to check these facts: high load capacity. One ton truck, half ton or three quarters ton truck.
It is important to get at least one ton truck, this is because it can carry heavy loads while half ton trucks can only go for local delivery. Also check the fuel efficiency. This is important, the fuel efficiency should be high, so that it doesn’t fail you in the middle of the road.
Register your business
This is very important. There are associations already on ground, so you must register your business and get permits in Corporate Affairs Commission.
Market your Haulage Business
This is a basic foundation, without marketing and advertising your business, you will get less customers.
Create a Reputation
A business reputation is very important. It is essential that your customers knows you for something unique and your availability and reliability should be high, this is because continuous failure to meet the target of your customers discourages them.
Determine your area of specialization
There are areas like: long distance /short distance. Bulky goods/light goods. Will you give your goods to a company or give it out for hire purchase?
Rules and regulations
Avoid debts
This is important, don’t go borrowing money from bank with high risk of how to pay back.
Install security and tracking features in your vehicle
This is because of untrustworthy drivers who drive carelessly or go to other crooked business to make money for themselves. You simply know the distance that your vehicle is covering or the location of your vehicles.
Employ experience drivers
This is important, don’t employ amateur, this is because your vehicle is expensive and the good very expensive, so you cannot afford to risk accident as a result of inexperienced driver.
Motivate your drivers
This is crucial, your drivers should be motivated. You can give them tips or render praises to them and even increase their salaries.
Insurance
This business is very risky, anything can happen. The vehicle can encounter accidents, dishonest drivers, theft and so on. It is important to plan for events beyond your control. Insure your vehicles.
Customer service
This involves knowing the customers needs and meeting them.
Maintenance of the vehicles
You can register in a reputable company that repairs vehicles.
Ways to earn money in Haulage / Logistics business
Independent operation
Here, you are solely in charge. You purchase the vehicles, maintain it, look for contracts, bear the risk and take the profits alone.
Contractor
This involves placing your vehicles on a company. The company bears all the risk, look for contract and at the end of the agreed period, an agreed amount is paid to you.
Leasing
This is almost the same with contractor but this time you deal directly with haulage company and not with company.
Challenges of Haulage Business
Capital intensive
Highly management intensive
Poor roads – This leads to accidents and breakdown of vehicles leading to high cost of maintenance.
Drivers habits – Most drivers are tricky. It is hard to find a honest driver. These drivers seek for ways to cheat at all time.
You need a minimum of five trucks. One truck alone is expensive, getting five is cash draining.
Employing competent drivers.
This business is quite lucrative and also risky, it is important to research before taking a step so as not to fall into problems.
Our sample Haulage / Logistics Business Plan in Nigeria can be used to access bank loans, proposal writing and grant applications. The business plan was complied after a thorough feasibility study on Haulage / Logistics Business in Nigeria was done.
Get Your Haulage / Logistics Business Plan In Nigeria and Feasibility Study. To place an order, pay N15,000 to
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
OR
OPAY
Account Name – Eyemeka Uwadia
Account No. – 7036785443
After payment text your name, send a text of your e-mail address to 07036785443 and you’ll receive your Haulage & Logistics Business Plan In Nigeria / Feasibility Study.