How to Start a Hotshot Business
To start a hot shot business, first get a commercial driver’s license and Department of Transportation operating authority. Then, obtain necessary equipment like a reliable pickup truck, trailer, and straps to secure loads. Develop a business plan outlining mission, costs, and finding clients. Gain experience by starting small, providing exceptional service to build reputation. Manage expenses and seek out consistent loads to offset costs.
Pros and Cons of Hotshot Business
Consider pros and cons before launching a hot shot trucking business. Pros: Fast service meeting urgent delivery needs, lower barriers to enter industry, charge higher rates per mile. Cons: Limits on load sizes requiring big rigs, increased competition from other hot shot truckers. Maximize opportunities by offering specialized transportation options.
Finding Hot Shot Loads
Hot shot drivers can find loads on free and subscription-based load boards. These sites list time-sensitive deliveries needing quick transportation.
Hot shot loads can be an excellent way for truck drivers to make extra money. Finding hot shot loads is not always easy, but there are a few ways to do it. Hot shot loads are time sensitive and hauled outside regular shipping hours, so you can charge higher rates. You can scroll through loads boards in search of a good deal or offer your services to a company which works with owner operators.
Earning Potential with Hot Shot Loads
You can earn $1 to $2 per mile for hot shot loads depending on complexity of job, typical going rate is about $1.50 on average. Hot shot loads are often urgent or time-sensitive, so shippers willing to pay premium for faster delivery resulting in higher rates per mile. Furthermore, hot shot drivers can often negotiate better payment terms due specialized nature of their work.