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re: Thinking about setting up a hot shot business

Posted on 2/11/22 at 8:41 am to
Posted by BK Lounge
Member since Nov 2021
4937 posts
Posted on 2/11/22 at 8:41 am to
quote:

Chewing up interstate miles in a sweet arse dually feels like something I’d enjoy right now.




Im with you, if given a choice between flying and driving, im driving every single time.. BUT with this type of business it seems like it’d be constant deadlines, pressure and stress- in other words, hard work and not enjoyable driving or taking in the sights or anything similar .
Posted by BK Lounge
Member since Nov 2021
4937 posts
Posted on 2/11/22 at 8:46 am to
quote:

50 is way too young for retirement




Worst take in the entire thread, by far .


I guess if you hate living life outside of work, have no hobbies or dont like to travel then retirement may not be for you.. Me, i look forward to retiring in my early 50s (mostly likely in a cheap, tropical country to make my dollar go further).. volunteering , traveling , playing tennis, dating hotties younger than me and generally relaxing .
Posted by White Bear
AT WORK
Member since Jul 2014
17159 posts
Posted on 2/11/22 at 8:48 am to
quote:

have a sales guy that does it on the weekends. He’ll make 2000-2500 per weekend before expenses. He has a f450 and a gooseneck.
What's his average mileage?
Posted by dewster
Chicago
Member since Aug 2006
26372 posts
Posted on 2/11/22 at 9:05 am to
quote:

Not an original idea, I know. Just looking for thoughts and opinions

Cliffs: My brother and I have an equipment rental business in Georgia. Super tired of it. I got a CDL for the company but am mostly sales. Ready to let him buy me out

Back to hot shot. I know it’s $100k - 120 to get moving. But I feel like with all the supply chain bullshite there’s a fortune to be made relatively speaking. And I like the idea of a 3-4 day week for $2k from time to time. I’m not looking to grind my arse off. I’m fairly ok financially and have numerous investments. I may even retire in 3 to 4 years regardless

Hoping for some adult, snark free feedback. Thanks


Honestly....this is a decent job for retired people who want to try to set their own hours and see more of the country. But you probably have to be able to manage stress well.
This post was edited on 2/11/22 at 9:07 am
Posted by baldona
Florida
Member since Feb 2016
23291 posts
Posted on 2/11/22 at 9:11 am to
quote:

But you probably have to be able to manage stress well.


Obviously there’s some stress in the fact you have to make the delivery, but with the demand in trucking right now what else is so stressful? Give yourself a reasonable amount of time to make the trip which I’m sure everyone does, and you are golden? There’s no guarantees in anything.
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
10659 posts
Posted on 2/11/22 at 9:12 am to
quote:

Just seems like working 4 days a week and listening to podcasts/music in a loaded truck truck is far from worst case scenario.


My dad tried it around your same age. He didn't last long. Seems like a romantic idea. But take a look at most truckers. They look like shite.

It's terrible for you and you may be bored to tears.

It's also one of those relatively "low barrier to entry" jobs...like power washing or lawn care. Not to belittle any of them, but it's not like it takes a million to start up...so if there's tons of money to be made, many others will join in, thus putting downward pressure on earnings. At least that's my "efficient market" brain thinking.

I know nothing about it but what about being an owner/operator for a big rig? Seems like you could still do "express" type deliveries.
This post was edited on 2/11/22 at 9:13 am
Posted by member12
Bob's Country Bunker
Member since May 2008
33035 posts
Posted on 2/11/22 at 9:24 am to
I know a guy that moves big boats that are too large for typical consumer grade trucks. He does a lot of work in the Great Lakes region in the summer, then on the gulf coast a lot too. He also moves some oilfield stuff at times in Oklahoma, Texas, and Louisiana.

Some of those boats are insanely expensive. I’d be afraid to move them. RV trailers are probably a better, less risky approach to this, but you are more likely to be going to the more boring parts of the country. The industrial and oilfield parts are probably harder on his equipment and on him given that they probably require more off road miles and he has less help loading, unloading.

He seems to do well, but I know he works all the time and spends a fortune keeping his truck insured and maintained. He typically buys a white 1 ton Chevy Duramax or Ram Cummins with a flat bed, and he trades them in every 4-5 years. And I would be surprised he he doesn’t put 500,000+ miles on them in that time. He has a 2020 model Chevy now that already has over 100,000 miles. I bet is probably replacing all 6 tires every year and changing the engine oil once every month.

I bet he has a shite load of hotel points by now though.

And yes, he is always recommending podcasts to me.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77685 posts
Posted on 2/11/22 at 9:45 am to
Thanks for the feedback
Posted by Tiger Ree
Houston
Member since Jun 2004
24563 posts
Posted on 2/11/22 at 9:52 am to
You may have gotten this idea from the TV show "shipping wars".

If not watch the first 6 or 7 seasons. It is a group of people bidding on loads and then what the bid winners go through to deliver

They are showing on the Quest channel at night and the on-demand is on A&E and/or FYI

Posted by Cuz413
Member since Nov 2007
9846 posts
Posted on 2/11/22 at 9:57 am to
quote:

hot shot business

Explain.


As said already freelance delivery.

On the industrial side this would be using at a minimum 1/2 ton pick up, usually a 3/4 ton. Some move into a 1 ton dually with a flat bead instead of a regular bed, or a 1 ton with a goose neck trailer.

Example:


Just depends on what you want to haul.

Bigger stuff = more money, but also means more liability insurance.
Posted by BK Lounge
Member since Nov 2021
4937 posts
Posted on 2/11/22 at 9:57 am to
quote:

Thanks for the feedback




Alternatively, if you absolutely love what you do for a living- there is nothing better than being 50 yrs old, able to retire, but working because you WANT to and not because you HAVE to… very very different things .


And fwiw i too use a Prince racquet .. the Original Graphite .
Posted by Masterag
'Round Dallas
Member since Sep 2014
19891 posts
Posted on 2/11/22 at 10:06 am to
quote:

I don’t know. They gotta be paying these guys out the arse with everything going on right. Got to be



they are right now. but right now won't last forever. my fil was an OTR trucker and it took a huge toll on his body.

if you can supplement your days on the truck with yoga, stretching, etc. then you could probably offset that. he didn't and is paying for it.
Posted by baldona
Florida
Member since Feb 2016
23291 posts
Posted on 2/11/22 at 10:45 am to
quote:

if you can supplement your days on the truck with yoga, stretching, etc. then you could probably offset that. he didn't and is paying for it.


Are there not hour restrictions for hot shots also? Or is that just big rig drivers?
Posted by tigerfoot
Alexandria
Member since Sep 2006
60572 posts
Posted on 2/11/22 at 11:26 am to
I think it’s a great idea. I also think it’s rare to have any success just kinda working here and there. Good luck
Posted by Monday
Prairieville
Member since Mar 2013
5125 posts
Posted on 2/11/22 at 11:40 am to
quote:

Thinking about setting up a hot shot business

It's been said before but you need to look into insurance costs for both your vehicle and any loads you might have. You really need to sit down and do a cost analysis between your potential expenses and potential income.

You also have the battle of getting business. Most frequent users have companies already under contract or they use the same ones consistently. You may have to piggy back with other companies to get rolling if you don't have a consumer ready to go.

As far as the lifestyle, you will be on the road all of the time. Some days will be better than others. If you can handle the ups and downs of it you might be able to scratch some profit.

You will have to grind on some level unless you already have contacts available. The market is saturated with companies who do all sorts of material delivery and pickup services.

I know most of this has been said one way or another but it's important to know that it is very easy for someone to buy a truck and trailer and "hot shot".
Posted by baldona
Florida
Member since Feb 2016
23291 posts
Posted on 2/11/22 at 11:52 am to
quote:

As far as the lifestyle, you will be on the road all of the time.


Do most hot shotters (sp?) not basically take 2-3 day trips? They go take a load out and then bring a load back basically right? That’s over simplified obviously.

Where as an over the road big rig driver may be gone for weeks potentially with loads going all over? Again, oversimplified and many options I’m sure.

I would think that a huge control factor for hot shotting would be your home base location and the amount of local loads needed to be delivered out? Or maybe in?

In other words, if you lived in bumfrick Alabama where no manufacturing or other deliveries were needed within 1.5-2 hours of you, then you would need to consistently rack up the miles to start or end and get home. Where as if you lived next to some major warehouses or supply chains then you could potentially sit on your couch and just wait for the right loads to be needed that week that you wanted to take.
This post was edited on 2/11/22 at 11:53 am
Posted by turnpiketiger
Member since May 2020
11969 posts
Posted on 2/11/22 at 12:38 pm to
It’s not a bad idea if you’re all in but it’s certainly not as easy as you think. There’s many state licenses that you need. Basically the same as a big rig driver. A lot of check points and so on. It’s hard work. If you drive 3 days you will be beat by the time you get home then as soon as you are somewhat rested again it’s time to get up and go do it again.

Not bad for a single man. Wouldn’t do it if you have a family.
Posted by htcthc321
Member since Oct 2010
1739 posts
Posted on 2/11/22 at 12:39 pm to
Growing up, my grandpa was a hot shot driver and always on the road.

Looking back, I'm starting to think it was because he disliked my grandma lol
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77685 posts
Posted on 2/11/22 at 1:38 pm to
Posted by GreenRockTiger
vortex to the whirlpool of despair
Member since Jun 2020
58012 posts
Posted on 2/11/22 at 2:07 pm to
Wouldn’t you just basically be working for your brother?

Most hot shot drivers I know move heavy equipment
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