There are two primary disqualifiers in the trucking business: health and insurance. How Do You Start a Hot Shot Trucking Business? That’s why it’s important for owner-operators to really focus on quality of service to prevent competitors from underbidding. However, because hot shot trucking is much easier to get into, you’ll be up against some pretty fierce and consistent competition.
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Because payments are higher for heavy-duty trucks like semis, those drivers and carriers naturally have to charge more for less than truckload (LTL) and partial freight so that the loads are worth their while. These cost savings are often passed onto customers, as well. This typically allows hot shot truckers to make as much as - if not more than - Class 8 drivers. Plus, smaller vehicles generally offer better fuel economy. Truck payments, for example, can reach as high as $2,500-3,000 a month on Class 8 semis, but are often closer to $1,000 a month for pickups. Plus, the regulations and requirements for operating a hot shot and semi business largely overlap, so cutting your teeth in the hot shot world is the perfect preparation for making the leap to transporting larger freight (if that’s the career path you’re interested in).Īnother significant advantage of hot shot trucking is that there’s a lower barrier to entry and lower operational costs. Instead, the more strategic move is to build up driving experience on a hot shot truck while your CDL matures, that way if you decide to make the jump to a semi, you’ll have a much easier time getting qualified for insurance.
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As insurance requirements become more and more strict, the Federal Motor Carrier Safety Administration (FMCSA) is trying to steer new drivers away from earning their commercial driver’s license (CDL) and then immediately buying a semi truck - a career move that often leads to failure. Hot shot trucking is often the starting point for many drivers.
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In this guide, I will walk you through the pros and cons of the business, how to get started, and a few insider tips for how to get ahead. You can choose to become an owner-operator - meaning that you own and operate a hot shot business under your own MC number - or you can lease on with another company. When done right, hot shot trucking can be a lucrative business. Hot shot drivers typically operate super-duty pickups with trailers rather than heavy-duty, Class 8 semis. These drivers and operators specialize in delivering time-sensitive, project-critical loads like agricultural equipment, construction equipment and materials, heavy machinery, and more.
When shippers and brokers have relatively small loads that need to be delivered quickly, they call upon the services of hot shot truckers.
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