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Many load boards have apps and mobile sites, so you’ll be able to have access to loads 24/7. 123 Loadboard is another solution to finding freight. Load boards can help you to develop relationships with customers you often purchase loads from. You can use load boards such as DAT TruckersEdge to find hot shot loads to haul. Depending on what type of truck you purchase, when combined with the cost of supplies and insurance, you may be able to begin hauling hot shot loads for as little as $50,000. YouTube can be a great source for vehicle reviews. Smaller trucks such as an F250 or F350 would also work, but the wear and tear would be greater because light-duty trucks are often at their limit when carrying hot shot loads.Ĭarefully weigh your options and budget to decide which type of truck will work best for your business.
HOT SHOTS TRUCKING DRIVERS
Most drivers start with a Ford F450 or F550 or a similar model from a different automaker, like Chevy. There may be other small pieces of equipment needed such as bungee cords, chains and anything else you need to secure your load down. The two main purchases include a truck, usually a pickup, and a flatbed trailer. The equipment costs for hot shot businesses are far less than those of a Class 8 trucking business.
HOT SHOTS TRUCKING DRIVER
the required driver qualification filings.membership in a drug and alcohol testing group.To receive the proper amount of coverage, you’ll also need: According to Commercial Truck Insurance, policies for a hot shot trucker can cost from $7,000 to $12,000 annually. Most freight brokers require a minimum policy of $1,000,000 in liability coverage. Liability insurance is one of the largest initial costs to starting a hot shot trucking business. There are some filing fees (listed on the FMSCA site), so you’ll want to be aware of those before you start the process.
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You can apply for your operating authority, also known as your MC number, here. If you’re planning on crossing state lines, you’ll also need an operating authority in addition to a DOT number. Read through the FMCSA steps to ensure you’re filling out the right application. The process of getting your DOT number from the FMCSA differs for first time applicants and applicants who have already registered for a USDOT number or looking for additional authorities. To apply for a USDOT number, visit the Federal Motor Carrier Safety Administration’s website. Your DOT number serves as a unique identifier for your company when dealing with safety reports, crash investigations, inspections, reviews and audits. A typical hot shot trucker wage is similar to that of a Class 8 driver.
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Most hot shot loads are local or regional, making this type of trucking ideal for those looking to spend a lot of off-time at home. Hot shot loads are usually expedited in a flatbed truck and are often industrial material. The difference? Hot shot trucking often involves only one destination and can be on a tight time schedule, so companies will usually hire contract drivers to complete only one run at a time. If you’re considering becoming a hot shot driver, the process is similar to going into business with a Class 8. Becoming a hot shot trucker has many benefits– the main one being that you are your own boss.