How much does a hotshot trucker make a year?

How much does a hotshot trucker make a year?

A well run hotshot trucker in a reasonable location for regular loads can bring in from $60,000 to $120,000 gross income per year, possibly more. Most hotshot’s expenses—fuel, maintenance, insurance, licenses and fees, tolls, etc. —are approximately half of gross income.

How much do hotshots make per load?

Some jobs, typically urgent ones, pay as much as $2 per mile, but they are not common. This is balanced by loads with a more typical minimum of $1 to $1.25 per mile. A good starting point to negotiate rates is around $1.50 unless you know the shipper is willing to pay more or the load is specialized.

Is hotshot trucking 2021 worth it?

So, technically, a hotshot is still worth it. As long as you come in with the right frame of mind and your expectations are reasonable and you have a little bit more money in your nest egg, then hot shot might be worth it. You gain a ton of experience that you can use in the trucking industry as a whole.

How do I start a hotshot?

15 Steps to Start a Hotshot Trucking Business

  1. Step #1: Get your finances in order to start a hot shot trucking business.
  2. Step #2: Choose a specialty.
  3. Step #3: Get a commercial driver’s license (CDL).
  4. Step #4: Create an LLC.
  5. Step #5: Obtain an EIN.
  6. Step #6: Open a business bank account.

Is hotshot trucking legal?

Hot Shot Trucking Requirements Virtually anyone who has a pickup truck can do it. As long as loads don’t exceed 26,000 pounds businesses don’t need either an international fuel tax agreement or an international registration plan.

How much can a hotshot haul?

PART 1: TRAILER SIZE & CAPACITY A typical hotshot can load 40 feet of deck and around 16,500 pounds. “Smaller Trailer?” You get a shorter trailer, with a lower load capacity, you’re now able to haul some of that 6%. The smaller the trailer, the fewer load options you have.

Is HotShot trucking legal?

Do I need apportioned plates for HotShot?

Hot Shot trucks do not need IFTA license and IRP hot shot plates if they are under 26,000 pounds. It is optional to register with IFTA if the truck owner operator wishes to do so.

How much does Hot Shot trucking pay?

Our well equipped hotshots are averaging $4500 to $5500 per week gross in today’s market. (Feb 2021) How can you make your money goal? Hotshots with full deck & weight capacity, rolling in regions that offer the best rates & volume, gross $150,000 to $180,000 per year.

How to become a hot shot trucker?

Get a valid driver’s license. Hotshot drivers need a basic class D driver’s license.

  • Apply for a USDOT number. A United States Department of Transportation (USDOT) number is a form of identification that is needed for safety reports,incidents,and for audits.
  • Purchase equipment.
  • Buy liability insurance.
  • Build a professional network.
  • What is a hot shot load in trucking?

    According to Acme Trucking, a hot shot driver specializes in express deliveries that are less than a typical load. Driving hot shot loads is popular in the trucking industry because they usually pay more than regular trucking jobs.

    Is hot shot trucking profitable?

    Hotshot trucking can be extremely profitable; those with full deck and weight capacity, working in regions with the best rates and volume, can gross anywhere from $150,000 to $180,000 per year. Of course, as in most industries, not all hotshot truckers reach the high end of the scale. So how can hotshot trucking be more profitable?