How to start a hot shot trucking business

How much does it cost to start a hot shot trucking business?

Starting a hotshot business involves an enormous amount of initial investment as well as operating costs. These are the ballpark figures: Pickup truck: $15,000 – $45,000. Flatbed trailer: $7,000 – $20,000, depending on the overall features.

Is Hot Shot Trucking profitable?

The hotshot trucking business is a small but lucrative slice in the big trucking industry pie. Trucking is clearly one of the most profitable in the United States. Couple that with the ongoing driver shortage and increased rates, this could be a great time to start your own trucking business!

How much does a hotshot trucker make a year?

Hot Shot Driver Salary

Percentile Salary Location
25th Percentile Hot Shot Driver Salary $43,560 US
50th Percentile Hot Shot Driver Salary $49,333 US
75th Percentile Hot Shot Driver Salary $56,566 US
90th Percentile Hot Shot Driver Salary $63,151 US

Do you need a CDL to do hotshot?

Hotshot trucking doesn’t always require a CDL , but it is recommended. All hotshot drivers are required to file an Interstate Operating Number (MC number) in addition to a DOT number. If a hotshot trucker has a CDL and a larger trailer, he or she could haul loads weighing up to 26,000 pounds.

How much does Hot Shot insurance cost?

Insurance premium costs can vary significantly, from as low as $6,000 per year to $19,000 per year. However, most policies will be in the $12,000 -$14,000/year range. Before you secure a policy and start making monthly payments, you will need a 25% down payment. Expect to put down around $3,000.

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How much do hotshot drivers make a week?

Top 5 Best Paying Related Hotshot Driver Jobs in the U.S.

Job Title Annual Salary Weekly Pay
Semi Truck Owner Operator $159,351 $3,064
Regional Owner Operator Refrigerated Truck Driver $106,864 $2,055
Driver Consultant $87,438 $1,682
Team Truck Driver $80,674 $1,551

Is hotshot trucking in demand?

The demand for hotshot continues to grow Go ahead and google trucking industry outlook and/or truck driver outlook. You’ll see freight volume continues to rise, and the shortage of drivers continues to widen.

Is there money in hot shotting?

Hot Shot Trucking Rates A lot of people will negotiate for a rate of $1 – $1.25, but this will depend on you, your truck needs, and the haul that needs to be hauled. The goal is to find 2 or 3 good loads, and then loads that will cover deadheads.

Can you sleep in your hotshot truck?

Fortunately, not being able to sleep in your truck is a myth. This is great for hot shot truckers, considering they typically drive trucks without sleepers to make their deliveries.

What is the best truck for hotshot hauling?

Top 10 Pickup Trucks For Hot Shot Trucking in 2019 8.) Ford F-250 XL Super Duty Commercial. 7.) Ford F-350 XLT Super Duty Commercial. 6.) Ford F-450 Lariat Super Duty Commercial. 5.) GMC Sierra 2500 Denali HD. 4.) GMC Sierra 3500. 3.) Nissan Titan XD. 2.) Ram 2500 Big Horn. 1.) Ram 3500 Big Horn.

How many hours can a hotshot driver drive?

11 hours

What permits do I need for hot shot trucking?

While hot shot trucking does not require a Commercial Driver’s License for loads under 10,000lbs, all drivers are required to obtain a Motor Carrier Authority Number and be approved to drive by the Federal Motor Carrier Safety Administration.

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What size trailer do I need for hot shot?

By far the most common length for gooseneck hot shot trailers is 40 feet. On a PJ Gooseneck this gives you a total length of 49 feet. Longer trailers might give you the ability to haul more freight, but can be restrictive depending on the state laws.

Do I need a dually to hot shot?

A dually certainly isn’t a requirement for hotshot trucking. Having used both, I highly recommend using a dually in most applications. Nearly every reason some hotshot truckers chose single rear wheels is based on false assumptions.

How much do hot shot drivers make per mile?

Hey semi driver, hotshots got more in their pockets A flatbed TL should be making $2.00-$3.00 per mile , on average.