Quick Answer: How Much Money Do You Need To Start A Hot Shot Business?

What is the best truck for hotshot hauling?

Top 10 Pickup Trucks For Hot Shot Trucking in 201910.) Chevrolet Silverado 2500HD.9.) Chevrolet Silverado 3500HD.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.More items….

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 does the average hot shot driver make?

Hot Shot Driver SalaryPercentileSalaryLast Updated10th Percentile Hot Shot Driver Salary$38,174August 27, 202025th Percentile Hot Shot Driver Salary$43,406August 27, 202050th Percentile Hot Shot Driver Salary$49,154August 27, 202075th Percentile Hot Shot Driver Salary$56,365August 27, 20201 more row

Do hot shot trucks have to stop at weigh stations?

Yes you do. It varies a little state to state but if you’re over the threshold for being subject to the hours of service, which is a commercial vehicle with a gvwr of more than 10k, then its a safe bet you have to enter weigh stations. You better have your authority or be running under someone else’s too.

How many hours a day can a hot shot driver drive?

11 hours(a) The 11 hours driving, minimum 10 hours off-duty, 14 consecutive hour duty period, 60/70 hours in 7/8 days, 34-hour restart all apply. (b) On any 2 days of every 7 consecutive days, the driver may extend the 14-hour duty period to 16 hours.

How much does Hot Shot insurance cost?

The average annual insurance, with truck and trailer protection, is $13-19K per year. The down payment is usually 25%, then you have monthly payments. Plan on $3000-4000 down. On average you’ll be paying $1000 per month, but I’ve seen some at $1900 a month – cause they didn’t shop around.

Is a Hot Shot Business 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. … Therefore, there’s still enough room for you to start a trucking company with just one truck.

What do you need for hot shot trucking?

Since hot shot trucking involves the transportation of time-sensitive loads, you’re going to need a capable truck to get the job done. Hot shot loads typically require the use of a one-ton pickup truck, such as the Ford Super-Duty F-350 or Ram 3500.

Do you need a CDL to 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.

Can hot shot drivers sleep in their trucks?

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.

Do hotshot drivers need Elogs?

All applicable hotshot drivers and carriers must comply with the ELD mandate. Drivers should be aware of their responsibility to keep Records of Duty Status (RODS), electronic logs, and maintain their electronic logging devices (ELD).

Can DOT search your sleeper?

Checking for sleeper restraints, and bedclothes don’t require a search. You can see those things standing on the step of the truck and even if they want to get in to check them that’s all they can check. They can’t go looking through your personal belongings or cabinets etc….. which is a search.

How much money do I need to start a hot shot 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.