Question: Do Hot Shot Drivers Make Good Money?

What is the average salary for a hotshot driver?

$75,400 per yearFind out what is the average Hot Shot Driver salary The average Hot Shot Driver salary in USA is $75,400 per year or $38.67 per hour.

Entry level positions start at $28,519 per year while most experienced workers make up to $128,180 per year..

Can you sleep in your hotshot truck?

While it didn’t qualify as a sleeper, there isn’t any rule that says all 10hr off duty has to be in a sleeper or motel. As long as he’s not sitting on drivers seat, he can just log off duty while the other driver drives.

How many hours a day can a hot shot driver drive?

11 hours(a) The 11 hours driving, minimum 10 hours off-duty, 14 consecutive hour duty period, 60/70 hours in 7/8 days, 34-hour restart all apply. (b) On any 2 days of every 7 consecutive days, the driver may extend the 14-hour duty period to 16 hours.

How much does it cost to start a hotshot business?

Starting a hotshot business involves an enormous amount of initial investment as well as operating costs. These are the ballpark figures: Pickup truck: $15,000 – $45,000. Flatbed trailer: $7,000 – $20,000, depending on the overall features.

Is hotshot trucking in demand?

The demand for hotshot continues to grow As an industry, transportation of freight not only is a backbone of the USA economy, but the volume of freight is increasing. Go ahead and google trucking industry outlook and/or truck driver outlook.

What kind of insurance do I need to hotshot?

Hot Shot Truck Insurance Requirements Cargo coverage protects the freight hauled by truckers. While the minimum required coverage is $5,000, most brokers will request a minimum of $100,000 in cargo insurance. Most load brokers will require you carry a minimum of $1,000,000 in liability insurance.

How do I start doing hotshot loads?

9 Steps to Starting Your Hotshot Trucking BusinessOpen an LLC in Your State. … Get a Tax ID Number. … Open a Business Bank Account. … Get a DOT Physical (and Your Medical Card) … Get a CDL (Commercial Driver’s License) … Get Your MVR (Motor Vehicle Record) … Get TWIC-Transportation Workers Identification Credential. … Get Permission From the Federal and State Government.More items…•

Do you need a CDL to hotshot?

Hotshot trucking doesn’t always require a CDL, but it is recommended. All hotshot drivers are required to file an Interstate Operating Number (MC number) in addition to a DOT number. … If a hotshot trucker has a CDL and a larger trailer, he or she could haul loads weighing up to 26,000 pounds.

Do hotshot trucks have to have Elogs?

All applicable hotshot drivers and carriers must comply with the ELD mandate. Drivers should be aware of their responsibility to keep Records of Duty Status (RODS), electronic logs, and maintain their electronic logging devices (ELD).

Do hot shot trucks have to stop at weigh stations?

Yes you do. It varies a little state to state but if you’re over the threshold for being subject to the hours of service, which is a commercial vehicle with a gvwr of more than 10k, then its a safe bet you have to enter weigh stations. You better have your authority or be running under someone else’s too.

Can truckers make 100k?

Although you might not be able to make $100,000/year off the bat, but given the truck driver demand, and with experience, specialization, CDL training and the right company, you can make $80,000+ on a trucker salary.

What is the best truck for hotshot hauling?

Top 10 Pickup Trucks For Hot Shot Trucking in 201910.) Chevrolet Silverado 2500HD.9.) Chevrolet Silverado 3500HD.8.) Ford F-250 XL Super Duty Commercial.7.) Ford F-350 XLT Super Duty Commercial.6.) Ford F-450 Lariat Super Duty Commercial.5.) GMC Sierra 2500 Denali HD.4.) GMC Sierra 3500.3.) Nissan Titan XD.More items…

Is there money in hot shotting?

Hot Shot Trucking Rates A lot of people will negotiate for a rate of $1 – $1.25, but this will depend on you, your truck needs, and the haul that needs to be hauled. The goal is to find 2 or 3 good loads, and then loads that will cover deadheads. … Truck maintenance, which can be $400+ per month.

How much do hotshot drivers make a week?

National AverageSalary Range (Percentile)25thAverageMonthly Salary$3,167$4,610Weekly Salary$731$1,064Hourly Salary$18$271 more row

How much does Hot Shot insurance cost?

The average annual insurance, with truck and trailer protection, is $13-19K per year. The down payment is usually 25%, then you have monthly payments. Plan on $3000-4000 down. On average you’ll be paying $1000 per month, but I’ve seen some at $1900 a month – cause they didn’t shop around.