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 it cost to start a hotshot 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.
What is the average salary for a hotshot driver?
$75,400 per yearThe average Hot Shot Driver salary in USA is $75,400 per year or $38.67 per hour. Entry level positions start at $23,595 per year while most experienced workers make up to $128,180 per year.
What is the best truck for hotshot hauling?
Top 10 Pickup Trucks For Hot Shot Trucking in 20198.) 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.More items…•
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.
Do I 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.