- Open 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.
Is a Hot Shot business Profitable?
When done right, hot shot trucking can be a lucrative business. You can choose to become an owner-operator — meaning that you own and operate a hot shot business under your own MC number — or you can lease on with another company.
How much do hotshot loads make?
A well run hotshot trucker in a reasonable location for regular loads can bring in from $60,000 to $120,000 gross income per year, possibly more. Most hotshot’s expenses—fuel, maintenance, insurance, licenses and fees, tolls, etc.
Are hotshot drivers in demand?
Another common complaint about hot shot trucks is the competition — since hot shot drivers are in high demand, and brokers need freight delivered ASAP, you’ll always be competing with other hot shot drivers for freight. Starting any business is a risk, and hot shot trucking is no exception.