So you want to hot-shot? (Will be updated/edited frequently)

Discussion in 'Expediter and Hot Shot Trucking Forum' started by HOTSHOTTER432, Apr 29, 2015.

  1. rccarlson22

    rccarlson22 Light Load Member

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    As a hotshot I’ve never needed more than 2x 3/8” and 4x 5/16” Chains. 16 feet long
     
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  3. baerpath

    baerpath Bobtail Member

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    Normally use 4- 5ft 3/8 chains with one hook for most equipment and carry 4 20ft 3/8's chain Also 4 speed binders and 6 snap binders
     
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  4. Dadetrucking305

    Dadetrucking305 Medium Load Member

    Been out of hotshotting for almost two years now and wanted to see how freight for hotshots have been lately? I’m out of San Antonio Texas and still have my 2017 Loadtrail 40’ gooseneck just need a truck.
     
  5. BigDaddy101

    BigDaddy101 Bobtail Member

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    Looking for a Hotshot Opportunity...I started in the O&G Industry over 25 yrs ago as a young family man. First I hauled drilling mud driving a semi with drop deck, plus many box trailers filled with cotton seed hulls and then moved on to logistics and warehouse management where I started and maintained 4 warehouse locations and dispatched out of each location. Newpark also made me the Rocky Mountains Safety Director. This only lasted 6 moths due to the downturn in the O&G Industry. After going back to college to finish my per-med school while still driving on the weekends to support my family, I was recruited to go into the Engineering Program at NewPark Drilling Fluids when the industry picked up. With my precious schooling, I was able to be the very top student out of 74 students that graduated. NOTE: I did finish my pre-med studies and was excepted on my first application process to the the OSU Veterinary Program. Obviously, I elected on the engineering degree and was very successful as a private contractor. As of now, what I'm looking for a place where I can experience the country and maybe help some operators in the process with my industry knowledge and experience.
     
  6. jayso

    jayso Bobtail Member

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    I am hoping someone here could help me make a decision. I would like to start a hot shot business and have someone drive for me as I cannot drive myself because of the nature of my profession. I have a friend whom I would operate under his authority for 15% commission. Would this be a profitable business? I dont really expect to make tons of money, just side little weekly income. Any advice would be greatly appreciated.
     
  7. singlescrewshaker

    singlescrewshaker Road Train Member

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    So you own the truck, trailer, & all equipment.
    Have to give up 15% of gross revenue right off the top. Is insurance & dispatch included in that 15%..?

    Then pay a driver out of that.
    Either ~25% of what the load paid, or ~45-50 cents a mile if mileage based pay..

    What do your friends books look like.? Let's say he averages $2.00 per mile, on all miles ran including deadhead. That's a feat in a hotshot..

    $2.00 per mile -15%= $1.70 left over
    $1.70- .50 driver pay= $1.20 left
    $1.20- 30% taxes. = $.84 left

    .84 cents left over will maybe cover operating cost..

    Just touching the basics here..

    Not trying to discourage, just wondering if you know all the cost involved.. Maybe his numbers are much better than my estimates.?
     
  8. jayso

    jayso Bobtail Member

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    15% includes dispatch but not insurance and driver takes 20% of the gross. And yes I think he averages about $2/mile. Thanks for your the numbers breakdown.
     
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  9. singlescrewshaker

    singlescrewshaker Road Train Member

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    No problem.. :thumbup:

    20% of gross is on the low side for driver pay. Most drivers I speak with are getting 24-27% if paid percentage.. + The driver should get accessories. Tarp, detention, layover pay, etc..

    The company you want to lease this truck on with. Has he given you an estimate of what insure will cost? Just a guess, but I'm thinking ~$200 per week, + bobtail insurance while not under load..

    Do you already have a driver lined up that you trust to run your equipment.? These smaller rigs are not as forgiving & really need to be loaded properly too. That'd be a major concern personally, finding a competent hand I'd trust with my equipment..
     
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  10. Miroh

    Miroh Light Load Member

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    If you're just starting out, don't. Your numbers don't include upkeep of equipment, replacing equipment, fixing equipment, fees, permits, etc etc. And the number one thing to consider....how is your driver going to treat the equipment he isn't coming out of pocket for.
     
    Last edited: Jan 1, 2021
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  11. singlescrewshaker

    singlescrewshaker Road Train Member

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    I hoping that wasn't directed at me, because I recall helping to get YOUR questions answered not long ago.. o_O

    Since this dude is looking to lease to a carrier & not run his own authority, what word would you use instead of "bobtail" for the insurance needed as a leased owner op..? The carrier insurance only covers a lease op while under load, or dispatch. Get in a wreck any other time without bobtail & you're screwed..

    Us authority holders don't need bobtail coverage..
     
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