Trucking is clearly one of the most profitable in the United States. Today, U. This number is forecasted to grow by 75 percent over the next nine years. Couple that with the ongoing driver shortage and increased rates, this could be a great time to start your own trucking business! But how do you make the transition from truck driver to a successful business owner? Is it possible to start a trucking company with just one truck?
Launch fast, reliable hot shot delivery, anywhere in the U.S.
Hot Shot Trucking - The Cost of Entry | The Trucking Podcast™
Just like with any other type of endeavor, starting a hotshot business involves careful planning and investment of your time, money and effort. Follow our step-by-step guide to start a hotshot business and you should be on the right track. Many people are confused about the term hotshot or hot shot. It really means any flatbed trailer towed by a medium or heavy duty truck that delivers loads to local, regional or national locations. The tow vehicles are typically midsized-class 3, 4 or 5 trucks with four axles from RAM As an owner-operator, the responsibility of running the business lies on your shoulders. While you can work at your own pace, being your own boss means more responsibilities including balancing your finances, maintaining your rig, and finding potential loads.
How to Start a Hot Shot Trucking Business
In general, if you are one person, and have a lot of personal assets, incorporate or form an LLC. An LLC is far superior to incorporation because it protects both your business and personal assets. First, narrow down the type of Delivery service you will be providing: There are several types from a Delivery on a bicycle to a large truck Delivery. Perhaps you need to do some research and find out what percentage of business each type does and select the most profitable.
Simply put, hot shot truckers operate smaller rigs, haul lighter less-than-truckload freight, and offer more flexible and time-sensitive services than their counterparts in Class 8 trucks. Big dually Dodges, Chevys and Fords with aftermarket chrome stacks, and single-axle Internationals and baby Freightliners pulling trailers loaded with everything from custom signs and insulation, to shiny new dumpsters and classic cars. Hot shot combination units typically fall in the Class range, which gives them gross weights of between about 10, and 26, pounds. The hot shot and expedited trucking service sectors do share a number of similarities, but as its name implies, expedited trucking is more geared toward ultra-time-sensitive freight. Instead their trucks of choice are cargo and Sprinter-style vans and straight-trucks—the latter of which are easily recognizable because their sleepers are often larger than their freight compartments.