Driving hot shot loads is one of the simpler ways to start your own trucking company. The reason being is, the cost of equipment is much lower. Where big rigs are costly, hot shot loads typically consist of sprinter vans, straight trucks, 4×4 pickups with goosenecks, and other smaller vehicles. Additionally, hot shot truckers haul lighter loads, therefore lighter equipment is used.
The Advantages
Moreover, when determining whether hot shot trucking is right for you, the advantages must be considered. In particular, it can save you money. As you may already know, obtaining a CDL can be expensive. Training schools and CDL fees can amount over $5,000. However, there are still many hot shot carriers that hold a CDL as well.
Furthermore, smaller freight that needs to be moved quickly can fit onto a removable gooseneck or in a box truck. This alone appeals to many businesses. Additionally, most hot shot loads come from construction and oil field industries where equipment needs to be transported quickly.
Keep in Mind
On the other hand, while it’s less of a hassle and much cheaper to operate a hot shot trucking company, it’s also less profitable. One of the drawbacks of hot shot loads is that they don’t pay as high as other flatbed loads.
At the same time, if you’re going to cross state lines, then you’re going to also need an MC number. Therefore, while the cost of equipment is low, startup expenses, such as obtaining your operating authority, and the likes are the same. In addition, you will also have to ensure the proper insurance coverage for your vehicle. Also, if you choose to transport across state lines, then you will need to file IFTA fuel taxes as well.
