Starting up a hotshot trucking business isn’t as easy as it sounds.

There are too many factors to be considered for it to go smoothly. It’s quite understandable why some people ask questions about how to start a hotshot business.

Curious? Worry no more. This article will list the frequently asked questions regarding hotshot trucking and their corresponding answers.

1. What is Hotshot Trucking?

Hotshot trucking is used to transport smaller, more time-sensitive LTL loads in a short period of time, usually to a single customer or location. Hotshot loads are typically delivered by medium-duty trucks pulling flatbed trailers.

2. What Do Hotshot Truckers Haul?

Hot shot truckers transport construction materials, heavy equipment, machinery, or farm materials.

3. Is There Money in Hotshot Trucking?

Sure, there is money to be made in hotshot trucking. A well-managed hotshot trucking business in a good location can earn $60,000 to $120,000 in gross income per year and possibly more. Most hotshot expenses — fuel, maintenance, insurance, licenses and fees, tolls, and so on — amount to roughly half of the gross income.

4. What Are the Requirements to Start Hotshot Trucking?

  • Conduct market research and feasibility studies.
  • Learn everything you can about owning and running a hotshot trucking company.
  • Choose a name and register the company.
  • Create a thorough Business Plan.
  • Obtain the necessary licenses and permits.
  • Request an EIN (Employer Identification Number)/Federal Tax Identification Number.
  • Establish a corporate bank account.
  • Rent, outfit, and furnish your operational base.
  • Employ people
  • Get the necessary hot shot trucks.
  • Promote and market your hookah lounge.

5. Do You Need a CDL to Do Hotshot Trucking?

Not necessarily, because hotshot trucking does not always necessitate a CDL, though it is recommended. In addition to a DOT number, all hotshot drivers must obtain an Interstate Operating Number (MC number). A hotshot trucker with a CDL and a larger trailer can haul loads weighing up to 26,000 pounds.

6. How Much Does it Cost to Start Hotshot Trucking?

Basically, hotshot trucking startup costs can easily exceed $15,000-30,000, depending on personal circumstances. With one truck or trailer, you will need approximately $50,000 to start your hotshot trucking business. This includes your truck/trailer, office, staff salaries, license and permit fees, insurance, tools, marketing expenses, and other miscellaneous costs.

7. What Type of Insurance Do You Need for Hotshot Trucking?

  • Primary Responsibility
  • Liability for Non-Trucking
  • Cargo Insurance for Trucks
  • Physical Damage Insurance for Trucks
  • Workplace Accident Insurance
  • Insurance for General Liability
  • Insurance for Workers’ Compensation
  • Excess or Umbrella Liability Insurance
  • Liability Insurance for Trucking Employment Practices
  • Surety Bonds for Freight

8. How Much Does Hotshot Insurance Cost?

Hotshot truckers’ insurance policies typically range from $7,000 to $12,000 annually. Hotshot insurance costs an average of $10,284. This is based on having only one truck and trailer and being new to the business.

9. How Much Can One Earn in Hotshot Trucking?

One’s income and profit from the hotshot trucking business will be determined by the amount of work they receive and the number of consignments they transport. Hotshot trucking rates are higher than standard trucking rates. Given this, one can earn anywhere from $ 80,000 to $250,000 per year. The driver must deduct the operating expenses and other costs. As a result, you will receive half this amount, between $ 40,000 and $125,000 per year. Remember that you can earn even more if you raise your rates per mile. Furthermore, the rates are always higher for valuable and important consignments. As a result, the more you work, the more profit you make. Aside from that, starting with two or three vehicles will increase your start-up costs while increasing your income and profit.

10. Do I Need a Dually to Do Hotshot?

A dually truck is not required for hotshot trucking.

11. What Kind of Trailer is Needed for Hotshot Trucking?

The bumper pull trailer is the most common trailer type used by hotshot truckers. It is popular among both commercial and private drivers. Because of their versatility, bumper pull trailers are a popular choice.

12. What Equipment is Needed to Start Hotshot Trucking?

The following is a typical list of the necessary equipment:

  • Diesel or gasoline truck (1 ton or greater)
  • Gooseneck, Box, and/or Auto Hauler Trailer
  • Fifth Wheel and Ball Trailer Hitch
  • GPS
  • Reliable Phone
  • Laptop/Computer Use
  • Mobile Internet Access
  • Tie Downs, Chains, and Cargo Straps
  • Basic Safety Equipment/Tools

13. What Are the Dot Regulations for Hotshot Trucking?

  • Maintain a driver logbook
  • Bring a fire extinguisher with you
  • Make use of reflectors
  • Follow the Department of Transportation’s driving and rest time restrictions.
  • Have a Department of Transportation license plate and a load sticker.

14. What Size of Trailer is Needed for Hotshot Trucking?

Simply put, if you do not have a CDL, your maximum weight must be 26,000 pounds or fewer if you own an F-350 weighing 10,100 lbs. and a 7,000-pound trailer. If the trailer is empty, the non-CDL hotshot can only haul a maximum of 8,900 lbs  You can exceed the 26,000 GVWR limit if you have a CDL.

15. How Much Does a Hotshot Trucker Make a Year?

The average hotshot driver’s salary is $67,550 per year or $34.64 per hour in the United States. Entry-level salaries begin at $34,125 per year, with most experienced workers earning up to $105,300 per year.

16. What Type of Trucks Can Be Used in Hotshot Trucking?

The Chevrolet Silverado 3500, GMC Sierra 3500, Ford F-350, and Ram 3500 are some of the most common types of trucks used for hotshot trucking. Simply put, these are standard heavy-duty pickup trucks. Contractors and last-mile delivery drivers commonly use them, but they can also be used for hotshot logistics.

17. How Long Do Typical Hotshot Runs Last?

It depends, because hotshot trips can take you to the next town or all the way across the country. Of course, you may have to return home without a revenue load after delivering the load (deadhead). You may be able to negotiate a fee that includes the cost of returning. It is critical to maintaining contact with load boards or LTL brokers in the areas where you typically run to increase your chances of picking up a load that will help pay for the trip home.

18. How Do Hotshot Truckers Find Jobs and Loads?

  1. Direct from shippers
  2. From freight brokers
  3. From load boards
  4. From load matching apps

19. Can You Start Hotshot Trucking Business With No Money?

You don’t need any money to start a hotshot trucking business! It may appear impossible, but it is possible. You can start this business without any personal investment if you follow certain guidelines.

First and foremost, you can rent or lease a vehicle. This will save you money on the vehicle’s initial down payment. Second, bank loans can provide you with start-up capital. Finally, federal grants are available. Aside from these, angel investors, crowdfunding, or a personal loan can help you start your hotshot trucking business without depleting your savings.

However, the best way to start a hotshot trucking business with no money is to form a profit-sharing partnership with a truck owner. If you plan well, the hotshot trucking business can be a profitable one for you. Furthermore, it is a potential business.

20. Is It Worth Doing Hotshot Trucking?

Yes, a hotshot business is still worthwhile. Hotshot might be worth it if you come in with the right mindset, your expectations are reasonable, and you have a little more money in your nest egg. The key is to manage your time and expenses well and be consistent.

These are the frequently asked questions regarding hotshot trucking. Hopefully, they have enlightened you somehow.