last updated 02-03-2022
What is the reason most people get into trucking? Some say money, some say lifestyle and others express their desire to spend time alone. A trucker friend of mine says that he was always into “social distancing” before it was the cool thing to do. Many want to own their own business and make decisions for themselves. Many different reasons with many different types of trucking to match.
Take hotshot trucking for example. If there was ever a trendy and exciting part of the trucking industry, hotshot companies offering hotshot delivery services are it. You may be asking, “What are hotshot services? Who runs hotshot companies? Could I start a hotshot trucking company? Are there many hotshot jobs and if so, how can I start making hotshot deliveries? If I am hauling hotshot freight, what is the best software to use?”
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If the idea of running a hotshot company and taking on hotshot jobs is something that you want to pursue, it makes sense to get some of your questions answered before hitting the road and looking for your first hotshot freight. If you are looking into hotshot loads for pickup trucks and how to start a hotshot business, knowing the answers to these questions will help you along the way.
If you are asking “What is a hotshot driver?” or “What is hotshot trucking?”, you have much to learn but fear not! The market is full of opportunities for people of all experience levels. A hotshot driver is a person who takes on a hotshot load (a time-sensitive freight delivery) and delivers it to the client.
This question is extremely tricky to answer. According to Freightwaves, the market is perfectly positioned with a good spot market and high freight demand. This means a busy hotshot company with a single owner-operator can make anywhere from $60,000-$300,000 or more in gross income. Much depends on how well that person runs their company?
As mentioned above, the exact pay for hotshot services varies by the driver. How far you drive, the type of hotshot transportation you are doing, the truckload rates in your area, the type of hotshot trailer you have and more all affect your rate. You can make anywhere between $1.50 and $2.50 or more per mile, depending on your circumstances. That can equal anywhere from $1,200 to $5,800 per week if you range between $60,000 and $300,000 a year.
When it comes to hotshot loads, hotshot services, hotshot carriers and hotshot car haulers, there are essentially four different ways you can get paid. According to DieselHounds.com, when doing hotshot deliveries you can get paid with:
As mentioned above, the timeframe in which a hotshot carrier gets paid for providing hotshot transportation services will vary on the type of payment arrangements you have agreed to with your clients or brokers.
If you are wondering how to start a hotshot business and want to build a hotshot trucking company, it is important how much it will cost to run a hotshot carrier business. The important factors to understand are:
For a well-run hotshot trucking company, you can expect your costs to run as high as 50% of your gross income. If it is not well run, your costs could be more than 100% of your income, leading to the closure of your hotshot trucking company.
Knowing how to get hotshot loads for pickup trucks and how to get hotshot deliveries is key if you want to run a successful hotshot transportation business. Whether you are into hotshot car hauling or other hotshot services, you need to have a way to get hotshot jobs and hotshot loads. Here are 3 ways to accomplish this.
The debate around what are the best hotshot trucks and which are the best trucks for hotshot loads rages on. If you ask anyone running a hotshot trucking company that no matter the type of hotshot deliveries you do, everything from hotshot car hauling to hotshot freight of all types, keep these hotshot truck requirements in mind.
Non-CDL hotshot loads are loads that don’t need a CDL (commercial driver’s license) to deliver, hence the name non-CDL hotshot load. Having a CDL will make building your hotshot company easier but it is not strictly necessary. A non-CDL hotshot load is a load that has a GVWR of less than 26,000 lbs or if you are towing a weight (including the trailer) of less than 10,000 lbs.
You may be asking yourself, “How do I start a hotshot?” or you are looking up “How to start hotshot trucking.” The process is more complex than this but here are the basics.
Remember, when building a great hotshot transport company, you need to have all of your bases covered. Make sure to sort out your:
As a freight broker, knowing how to get freight as a broker, having the best freight broker software available and making sure that everyone knows the value you add to their businesses is key to staying busy.Read More