How to start a hot shot business

That’s where the experts at DAT Authority can help — they specialize in handling paperwork for authority, federal and state permits, and state DOT regulations for hot shot trucks. All told, hot shot trucking start up costs can easily reach the $15,000-30,000 range, but this will vary based on personal circumstances.

The hotshot trucking business is a small but lucrative slice in the big trucking industry pie. Trucking is clearly one of the most profitable in the United States. Couple that with the ongoing driver shortage and increased rates, this could be a great time to start your own trucking business!

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. Carriers with newer authority are on the lower end of that spectrum, while carriers with 90-days or more are on the upper end of that range.

Get paid when you need it.

Start with your finances. Set up your company with the proper paperwork for the IRS and your state. Get DOT ready, get your truck and trailer, and be sure you are insured and protected. Then use hotshot load boards to find your first and every load.

Pros and Cons of Hot Shot

And a lot of haulers will find that it is a great way to start their own business. You’ll also make more money than a Class 8, which is nice. Initial startup costs are much lower. Waiting is minimized due to many loads being expedited.