Most Profitable Transportation and Logistics Business Ideas
The world cannot be static. All goods and services that we are receiving every day have travelled miles directly or indirectly before reaching us. So, a developed and well-linked network of transportation and logistics plays an important role in the development of any country. If you are an aspiring entrepreneur and looking for transportation business opportunities, you are at right place. Which are the most profitable transportation business to start now? Which is the best logistics business ideas to start in 2020 that can give high profits with small investment to moderate investment?
What are the transportation and logistics businesses we are talking about here?
Transportation is the inward and outward flow of goods from the point of manufacturing to the end-user or point of use. It could be even transport related things used by people. The word transport and logistics are used interchangeably. There are many modes of transportation available like rail, road, sea route, air, or pipeline. Transportation and logistics are a critical aspect of development for any country as it ensures the delivery of goods from one place to another. This gives rise to many lucrative transportation business opportunities that one can thrive upon and earn good profits.
Is Logistics and transportation business profitable?
With the advent of globalization, the entire world has taken the shape of a single market. The business trends have changed a lot in the last three decades. Now, the entire world knows no national boundaries. This has increased the demand for the transportation facility tremendously. No industry, whether big or small, can think of its existence without the transportation facility.
30 Most Profitable Transportation and Logistics Business Ideas
Here are the list of 30 business ideas related to transportation and small / new logistic business ideas to start now that are most profitable. Some of the new logistic business ideas are large in size and would require huge investment. You can filter based on how much you can invest.
1) Trucking business – If you are thinking of a start-up idea in the logistics area, then trucking could be on your list as it is very critical for almost all commerce related activities. Trucking is the link that connects manufactured and imported goods to final consumers.
2) Open Car show room – In this business, you can take a franchise of a specific car company and start selling latest brands of cars. This would need higher investment, but this is an evergreen business idea in transport segment.
3) Car rental services – Cars for hire are always in great demand for private transportation. One can obtain a fleet of cars and start providing them on a rental basis. It can prove to be one of the most profitable logistic business in India.
4) Shipping services – If you possess considerable knowledge about import and export procedures, getting into the shipping business can give an extra boost to your career. With the speedy growth of this industry, this venture is scaling new heights of success. It is one the high profits logistic business in India.
5) Automobile spare parts – In this business, one can sell automobile spare parts at retail prices. This would require moderate to high investment depending on the size of the business which you want to start. This is one of the profitable transportation business ideas in India now.
6) Air cargo business – Air cargo is an emerging venture in the transportation business opportunities. Nowadays goods can also be transported through airways. Equipment requirements are on an expensive side, but in the long run, it can fetch you good profits. You can help businessmen to transport their goods faster and safer for their destination. Ensuring proper import and export could help you in expanding your business. This is one of the best logistic business ideas, but would need higher investment.
7) Chauffeur services / Provide drivers – The targeted audience in this venture is people who want a chauffeur to drive for them. If you are thinking of a start-up idea in the logistics area in India, this is the best business idea to plunge in. You just require a little marketing and you can start your own company. Later you can, give the services for luxurious services.
8) Groceries and Food Items Transporation: This is a trending business idea where people do not want to travel due to covid-19 and expect the groceries and necessary food items are delivered at home. Once people would get habituated, such business would continue to flourish. This is one of the best start-up ideas in the logistics area to start now.
You may also like: 25+ Educational related business ideas with high profits
9) Car shuttle services for corporates – Corporate employees might be working on various shifts to support projects of different countries. In this case they need to come in the morning, general and evening and late night shifts. This requires special transport for the employees. The majority of the corporates would outsource such car shuttle services to third parties. You can encash such transportation business opportunities by signing contracts with a couple of such corporates. You can purchase a few cars, hire drivers and supply to such corporates on need basis.
10) Truck driving school – Before getting onto roads with a truck, truck drivers need to undergo a proper practical and theoretical test to receive a license. Therefore, there is a great demand for trucking schools. This small-scale logistic business idea can prove to be highly rewarding for you.
11) Insurance Broker in transport area – If you have good contacts, you can provide insurance services for transport related services. The insurance could be in the truck business, cabs, personal cars, etc., One can get regular income from 2nd year onwards once people start making renewals automatically.
12) Ambulance services – While there is government provided transportation in many countries, many are generally pre-occupied and not available in case of any medical emergency. One can start ambulance services in the city and provide for people who are looking for any emergency medical transportation.
13) Creating car storage space – Car storage is an enormous business. This is still growing in India, but is quite developed in countries like the USA and Canada. You need an indoor storage space such as a warehouse or a manufacturing building. Then you need to market your business by joining some automobile clubs, attend club meetings or social gatherings to promote your business.
14) Transport blogging – If you pride yourself on having great know-how of the transportation industry in your country, opting for transport blogging business is not a bad option. Focusing on publishing valuable, helpful and quality information could help you in building loyal audiences. This is a one of the best and new logistic business ideas which is trending now.
15) Double-decker bus tour – If you reside in a city that has a majestic natural beauty, then you can think of starting a double-decker bus tour. Make sure you cover all major tourist spots during your drive and can also hire a tour guide. This is one of the best transportation business opportunities in India as the country is endowed with immense natural beauty.
16) Kids taxi services – Nowadays, the schedule of kids is also as busy as that of their parents- school, activity classes, tuition, etc. Pick and drop assignments of kids leave parents with no time. Therefore, starting a kid’s taxi service is a good start-up idea in the logistics area. You can first start with your locality and then expand your business. Business requirements include minivans or cars with trusted drivers.
17) Courier service – With the advent of online shopping, the scope for business of courier service has escalated many folds. There are thousands of parcels like envelopes, small packages, and large shipments that are to be delivered or picked up. So, commencing a courier service company is a very lucrative idea. You need to ensure timely and speedy services to your customers for better feedbacks. You can expand your business and scale success in the field of transportation and logistics. This is trending start-up ideas in the logistics area.
18) Scooter Rental business – This business flourishes in areas where you can a find a good number of tourists and beaches and areas such as villages. To establish a scooter rental business, you, at least, require a capital that is sufficient to purchase 10 scooters. Although it is an area-sensitive business, but can prove to be an excellent small scale logistics business in India.
19) Bus Transport for employees – Many corporate organizations today need to convey their staff to and from their workplaces, but do not want to take responsibility for owning buses. This makes a charter bus company a very lucrative business. It is a capital-intensive business, but one can rest assured that it will provide good returns.
20) Airport shuttle business – In this business, you are required to provide all the buses, vans, or cars to be used for the airport services. This makes this business highly capital intensive. There are specific requirements for buses to be run as shuttles within the airport, so you need to be prepared for that also.
21) Battery charging or reconditioning – Batteries are extensively used in all kinds of vehicles. The business of battery reconditioning is on a boom as the consumers are trying to cut costs and go green at the same time. Rather than buying a new brand battery, they prefer to opt for a reconditioned battery which costs around half the new one. This can prove to be one of the best small-scale logistic business.
22) Car garage with premium services: This is like a regular car mechanic, but offers premium services like pick-up and drop off the car owner / driver, several other add-on services. People are busy, if you offer them pick-up, drop and other premium services, they can always willing to pay extra money.
23) Car wash – The cars frequently get dirty while moving on the road and need regular cleaning, but most of the people do not have time to do. Rather, they prefer to drive the car to the car wash to get it professionally cleaned which is a much faster and easier way of getting your cars cleaned. Starting a car wash requires optimum space with some money for the cleaning equipment. This can be one of the best start-up ideas in the logistics field.
24) Automotive technician – If you are looking to join the transportation industry, you can also become an automotive technician. They are at a much higher level than mechanics and perform highly complicated tasks like replacing engines, alternators, fixing suspension, etc. For this business, you need to attain specific knowledge and experience.
25) Petrol / Diesel / Gas filling stations – Lakhs of vehicles move on the roads daily and need the gas to be refilled in their vehicles from time to time. Such stations can be one of the best logistic business ideas in India that can hardly fail.
26) Driving school business – Every year, thousands of people attain the eligible age, driving and they thrive hard to learn it. They approach driving schools to learn and attain expertise in this field. This makes this business an excellent small-scale logistic business idea that does not require high investment also.
27) Tire Merchandise – Tires comprise one of the most important components for any vehicle, The tires need to be in good condition to run the vehicle efficiently and needs to be replaced after a few years of run, so tire merchandising is an outstanding small logistic business idea. This business is low capital intensive, but the profit margin is quite high.
28) The business of second-hand cars – Many people are still there who are not capable of buying a new car but desires for one. So, they often go for second-hand cars. Therefore, trading in second-hand cars is a thriving business and can fetch a good sum of profits.
You may like: Top 20 Wholesale Business Ideas for high profits
29) Oil change service – In recent times, a majority of the public has realized the need for an oil change in automobiles after every 3000-5000 miles. To start a career in this field, it is necessary to have adequate knowledge regarding the mechanism of the oil change.
30) Travel agency: Many would plan for vacation, however, getting a good deal is difficult. One can start travel agency like makemytrip.com or bookmytrip.com etc., and offer travel related services for ticket booking, arranging hotel accommodation and transportation that might be required.
If you enjoyed this article, share it with your friends and colleagues through Facebook and Twitter.
- 8.75% IIFL Finance NCD – Sep-2021 issue – Should you subscribe? - September 25, 2021
- Goal-Based Investing – How to evaluate and implement financial goals? - September 24, 2021
- 12.68% Indel Money NCD – Sep 2021 – Should you invest or avoid? - September 23, 2021