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FMCSA ACTIVE CARRIERUSDOT #7504243MC-54644841New Venture Authority

OLSON BUILT AND EXCAVATING

Physical Business Address
7117 294Th St E, Cannon Falls, MN 55009-9236
Corporate Structure & Officers
Limited Liability Company
Principal: Richard Olson
Registered Carrier Phone
(952) 693-6921
USDOT Registration & Authority Class
Interstate • PRIVATE PROPERTY;AUTHORIZED FOR HIRE
FMCSA Added Date: 2026-07-10
New Venture Authority — Mandatory 49 CFR § 387 Proof of Insurance

Federal law requires active proof of continuous auto liability ($750k-$1M) on file to avoid DOT Out-of-Service orders or authority revocation.

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Fleet Equipment, Drivers & Mileage Utilization

6
Total Power Units
12
Total Registered Drivers
1
CDL Drivers
N/A
Annual Miles (0)
Owned Road Tractors:0 units
Owned Semi-Trailers:4 trailers
Avg Utilization / Truck:Standard Regional

Commercial Truck Insurance & Federal Filing Requirements

2026 Underwriting Benchmark
Est. Cost Per Truck / Yr
$13,000 – $20,400
Est. Total Fleet Policy (6 Units)
$78,000 – $122,400
Minimum Federal Liability
$750,000
Mandatory FMCSA Filings & EndorsementsBMC-91 / BMC-91X ($750k+ Primary Liability) • MCS-90 Endorsement • $100,000 Motor Truck Cargo
Authorized Cargo Classifications (2)

MCS-150 Biennial Schedule & FMCSA Safety Record

Mandatory MCS-150 Filing Month (49 CFR § 390.19)
March • Even Years (2026, 2028)
Last MCS-150 Filed: Recorded (Biennial Update Year)
FMCSA Safety Rating & Review Status
Unrated / Active
Prior Authority Revocation: No

Frequently Asked Questions About OLSON BUILT AND EXCAVATING

Is OLSON BUILT AND EXCAVATING (USDOT #7504243) currently authorized and active?

According to U.S. DOT / FMCSA Company Census records, OLSON BUILT AND EXCAVATING (USDOT #7504243, MC-54644841) holds an ACTIVE registration in Cannon Falls, Minnesota, classified under Interstate (PRIVATE PROPERTY;AUTHORIZED FOR HIRE).

How many trucks and drivers does OLSON BUILT AND EXCAVATING operate?

OLSON BUILT AND EXCAVATING reports 6 commercial power unit(s) and 12 driver(s) (including 1 CDL drivers) on its FMCSA MCS-150 census filing.

What commercial truck insurance filings are required for USDOT #7504243?

Based on its Interstate operations hauling Building Materials, federal regulations generally require $750,000 minimum primary liability (BMC-91 / BMC-91X ($750k+ Primary Liability) • MCS-90 Endorsement • $100,000 Motor Truck Cargo). Estimated market insurance benchmark for a 6-unit fleet in MN is $13,000–$20,400 per power unit annually.

When is OLSON BUILT AND EXCAVATING's mandatory FMCSA MCS-150 biennial update due?

Under 49 CFR § 390.19, based on the last two digits of USDOT #7504243, OLSON BUILT AND EXCAVATING must file its MCS-150 biennial update every March in Even Years (2026, 2028). Last recorded MCS-150 date: On file.

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