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re: Thinking about setting up a hot shot business
Posted on 2/11/22 at 12:27 am to Paul Allen
Posted on 2/11/22 at 12:27 am to Paul Allen
Not with my body miles and situation man. I worked a lot of tough jobs and always took the highest paying jobs for the worst work. And did a lot of saving. I started out as a forman cutting rightaway for an engineering co for 5 or 6 years. Got my CDL and proceeded to deliver drywall on a boom truck for 15yrs. $100k+ work but real arse busting. I took 2-3 years off every here and then to bartend at the little beach town I’m from. Just for the break. But regardless I was always pretty good with my money. Or tried to be
This post was edited on 2/11/22 at 12:43 am
2
Posted on 2/11/22 at 12:42 am to Stagliano
And with the resell madness it feels very low downside. I see these truck values to hold for the next year at least. Meaning it’s believable that I could try it for a year, put say 60k miles on it, and get back what I paid for it
I make take a few grand loss on the trailer. Idk maybe not
I make take a few grand loss on the trailer. Idk maybe not
Posted on 2/11/22 at 1:19 am to Stagliano
recommend you join one of the hotshot facebook pages. you will see the good, bad and the ugly.
Posted on 2/11/22 at 2:48 am to Stagliano
Are you prepared to pay well over $4 a gallon for diesel fuel? Or simply add on a misc "fee" to the deliveries?
Posted on 2/11/22 at 5:07 am to Stagliano
There is a DOT app for hot shotting.
You can literally click on whatever load you want in whatever area based off truck and trailer specs.
I had a chance to do that probably 7-8 years ago and said no cause i didn’t really know much about it. I dang sure wish i had. It’s really not complicated.
You can literally click on whatever load you want in whatever area based off truck and trailer specs.
I had a chance to do that probably 7-8 years ago and said no cause i didn’t really know much about it. I dang sure wish i had. It’s really not complicated.
Posted on 2/11/22 at 5:14 am to ChestRockwell
quote:
Are you prepared to pay well over $4 a gallon for diesel fuel?
He better be.
Posted on 2/11/22 at 5:19 am to Stagliano
quote:
And with the resell madness it feels very low downside. I see these truck values to hold for the next year at least. Meaning it’s believable that I could try it for a year, put say 60k miles on it, and get back what I paid for it I make take a few grand loss on the trailer. Idk maybe not
I don’t think you’ll loose much on the trailer either. That is if you can find one in the first place. I drive past a couple trailer sales lots frequently. All they have are dump trailers, enclosed trailers and bumper pull car trailers. Not a gooseneck in sight.
Posted on 2/11/22 at 5:23 am to Stagliano
A guy I work with is in the process of doing this. He has an F650 and bought a 44ft gooseneck trailer. He said the paperwork process to start your own business is insane and also very expensive.
Posted on 2/11/22 at 5:27 am to Stagliano
quote:
Hoping for some adult, snark free feedback. Thanks
Good luck with that!
Posted on 2/11/22 at 5:58 am to Stagliano
quote:
But the headaches, out of town travel, and incessant bitching back and forth is just dead to me.
Hello, welcome to trucking
Unless you’re leasing on to an already established company the upstart cost and paperwork could be alot to deal with, getting insurance, getting your authority, finding your own work, etc.
If you’re strictly planning to book freight from broker boards expect to be running a hotshot rig for ~$2/mile +/-$0.50 or so.
You’ll have to deal with your own invoicing as well, unless you sub it out to a factoring company for a cut percentage.
It’s a very up and down business with lots of peaks and falls.
I guess what I’m getting at is you may be trading one headache for another and perhaps taking a pay cut. It’s good work and there’s money to be made but it’s not always easy work.
This post was edited on 2/11/22 at 5:59 am
Posted on 2/11/22 at 6:39 am to Stagliano
maybe you should talk to bill busbice, or doyle coatney(if he was still alive) it worked out pretty well for them.
Posted on 2/11/22 at 6:43 am to Stagliano
quote:
I’m not looking to grind my arse off.
Isn’t that the exact opposite of hot shot trucking?
Also, if you are certified to transport chemicals you can essentially name your price. We can’t find drivers right now
Posted on 2/11/22 at 6:46 am to rooster108bm
I don’t believe ‘23 and ‘24 price. If it gets that high, a lot of the mom and pops that sold out/defaulted will get back in it, driving prices down.
Posted on 2/11/22 at 6:54 am to Stagliano
Why hotshot versus an owner operator trucker?
The upfront is a bit more but if you haul food grade tankers it is paying $7.50-$15.00 a mile. Depending on what you're hauling.
If you aren't looking to be on the road look into roll off dumpster business. I've run the numbers for a buddy and it's a pretty good business depending on location.
The upfront is a bit more but if you haul food grade tankers it is paying $7.50-$15.00 a mile. Depending on what you're hauling.
If you aren't looking to be on the road look into roll off dumpster business. I've run the numbers for a buddy and it's a pretty good business depending on location.
Posted on 2/11/22 at 6:56 am to Stagliano
I have friends who do this in the Oil/Gas field and make good money, of course they are gone all the time and live in hotels.
North West Louisiana/ East Texas
West Texas
are booming
North West Louisiana/ East Texas
West Texas
are booming
This post was edited on 2/11/22 at 7:49 am
Posted on 2/11/22 at 6:56 am to Stagliano
Have 1 year of salary saved, 100k in credit card room, get approved for factoring with a legit company. I work in the logistics and have new drivers leave everyday. Drivers come back everyday also because they are bankrupt after starting a hotshot. You are better off buying a semi rather than using a 2500 or 3500.
Posted on 2/11/22 at 7:02 am to Stagliano
I thought about doing it too, get Roadmaster to build me out a custom F-450 with air ride suspension and pull an enclosed trailer so I can haul dry goods.
I follow a guy on youtube, cant remember his name, that hot shots out of a Mercedes Sprinter and makes pretty decent money.
I follow a guy on youtube, cant remember his name, that hot shots out of a Mercedes Sprinter and makes pretty decent money.
This post was edited on 2/11/22 at 7:07 am
Posted on 2/11/22 at 7:06 am to Stagliano
Insurance costs will be very heavy. Auto, GL will eat your arse right now.
Posted on 2/11/22 at 7:19 am to Stagliano
We started a hot shot gang down here. Got our own logos, patches, bottom rockers and old ladies to ride shotgun.
Posted on 2/11/22 at 7:19 am to Stagliano
quote:
Like a f350 and flatbed
quote:
Yes. Not a tractor
IMO, it'd be a good idea to find some hotshot owner/operators IRL and quiz them.
Off the top of my head, I'd be curious how much a 550, or the biggest non CDL truck could haul vs a 350.
You get an F650, and you might be able to haul front end loaders on a lowboy.
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