If you are in the transportation industry, you may have heard of the term “hotshot truck.” But what exactly is it? In this article, we’ll discuss hotshot trucking, the type of trucks best for this type of transportation, how much money you can make as a hotshot driver, whether you need a 4×4 truck, and how hotshot drivers can find loads.
Hotshot trucks are freight trucks used to transport goods considered high-priority. They often deliver goods that need to be delivered quickly, such as medical supplies or food. As businesses recognize the importance of having quick and reliable transportation services, hotshot trucking is becoming increasingly popular. Plus, it offers many benefits to both companies and drivers.
If you are interested in starting a career in hotshot trucking, you should know that hotshot trucks require a special license. You must obtain a commercial driver’s license (CDL) to operate one.
The Best Trucks for Hotshot Trucking
Suppose you’re looking for a truck that can handle hotshot trucking. In that case, you’ll want to consider one of the following options: the Chevy Silverado 2500/3500 Heavy Duty, the Ram 2500/2500 Big Horn, the GMC Sierra 2500 Denali Heavy Duty, the Ford F450/550, or the Ford Superduty Commercial F-250 XL, F 350 XLT, or F 450 Lariat. Each truck is built for strength and durability and can handle heavy loads and long hours of hotshot trucking.
Hotshot truckers can make a decent income, with most earning between $60,000 and $120,000 gross income per year. Although some expenses, such as fuel, maintenance, insurance, licenses and fees, tolls, etc., are typically only half the gross income. This means there is still a good amount of money to be made after all expenses are paid.
4×4 vs. 2WD Trucks
Whether or not you need a 4×4 to Hotshot depends on several factors. A 2WD is likely sufficient and more fuel-efficient if you plan on mostly driving on highways. However, if you anticipate traveling to snowier or more rural areas where off-road conditions are more common, a 4WD would be a better choice. Ultimately, deciding what vehicle is best for your Hotshot needs is up to you.
Finding Hotshot Loads
Finding hotshot loads can be challenging for even the most experienced drivers due to the specialized equipment required and the limited number of drivers with the proper credentials. Fortunately, there are a few avenues that hotshot drivers can explore to find available loads. One of the most popular methods is load boards. These online platforms allow trucking companies and owner-operators to post available loads, which drivers can search for work. Most load boards will have a dedicated section for hotshot loads, making finding work that matches your qualifications easy.
In addition to load boards, many hotshot drivers network with other truckers in their region to learn about available work. Building relationships with other drivers can be a great way to stay up-to-date on the latest job openings in your area.
How Much Money Do You Need to Start a Hot Shot Business?
Starting a hot shot trucking business can be profitable but comes with high start-up costs. Depending on the circumstances, start-up costs can range from $15,000 to $30,000. For instance, if you own a truck, you must purchase a trailer and cover various legal fees.
The truck is the primary expense, with a new hotshot truck ranging from $100,000 to $150,000, excluding financing and insurance costs. Prospective hotshot business owners should prepare to invest substantially. However, the business can be financially and personally rewarding for those working.
How Do I Start Hot Shot Hauling?
If you plan on entering the hotshot hauling industry, there are a few preliminary steps you must take. First, it is critical to establish a Limited Liability Company (LLC) in your state. This safeguards your assets in the event of legal issues. You will also need a tax ID number to pay business income taxes.
Next, open a business bank account to track your finances and make bill payments more manageable. Finally, obtain a DOT physical and medical card, both necessary for a commercial driver’s license (CDL). With these steps completed, you can begin hauling hot shots.
Hotshot trucking is a lucrative profession. However, starting a hotshot business is costly. A significant investment is required to launch your enterprise. But, with hard work and dedication, hot shot trucking can be a personally and financially fulfilling experience.