Looking To Get In Late

Topic 30939 | Page 1

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Greg M.'s Comment
member avatar

I've got some questions, I've just begun my research. I am already a small business owner. I have been working as a small flooring contractor/installer for 35 years. I have worked for myself my entire life since I got out of the service. The physical demands of flooring are beginning to wear me out as I am near 60 years old. I am looking to start hotshotting as my next career. I want to be realistic though about what type of money is possible. I don't mind being on the road for stretches, however I really have no interest in taking a job as a driver for someone else, having control over my own schedule at this point in my life is more important than the $$ I make. Is this a path that I might expect to make $40k-80k doing less than a full schedule? I generally work now about 4 days a week 10 months a year and am not looking to significantly increase my workload. Hard work does not frighten me the flooring installation business is brutally physical. I just don't want to invest money in equipment only to find out I can't make money. My CDL can be paid for by the VA at our local college, but I don't see myself driving a big tractor ever. I'm not even certain a CDL would be something I need. Is this something I could do on almost a part-time basis or would operating costs require that truck run as much as possible?

CDL:

Commercial Driver's License (CDL)

A CDL is required to drive any of the following vehicles:

  • Any combination of vehicles with a gross combined weight rating (GCWR) of 26,001 or more pounds, providing the gross vehicle weight rating (GVWR) of the vehicle being towed is in excess of 10,000 pounds.
  • Any single vehicle with a GVWR of 26,001 or more pounds, or any such vehicle towing another not in excess of 10,000 pounds.
  • Any vehicle, regardless of size, designed to transport 16 or more persons, including the driver.
  • Any vehicle required by federal regulations to be placarded while transporting hazardous materials.
Bobcat_Bob's Comment
member avatar

I did the numbers on hot shoting and you'd need to work full time to have any realistic chance to make money. Your expenses are very similar to running a big truck while having to settle for less cpm.

No body here hot shots that I know of, but there definitely sites around that can answer your questions better.

CPM:

Cents Per Mile

Drivers are often paid by the mile and it's given in cents per mile, or cpm.

BK's Comment
member avatar

Your post is very confusing. What is "hotshotting" ? If you've never driven and can only drive for a short time and then "never", what do you propose to do? Start your own company with no experience? 100% failure rate.

Please clarify your goals and expectations more clearly to help others understand your questions.

Bobcat_Bob's Comment
member avatar
Your post is very confusing. What is "hotshotting

Hot shots are the drivers who use pickup trucks instead of of class 7 or 8 tractors.

BK's Comment
member avatar

double-quotes-start.png

Your post is very confusing. What is "hotshotting

double-quotes-end.png

Hot shots are the drivers who use pickup trucks instead of of class 7 or 8 tractors.

Thank you, I did not know that.

PackRat's Comment
member avatar

I've always wondered where the term originated?

Donna M.'s Comment
member avatar

I thought it was a attitude thing? Geez!

BK's Comment
member avatar

I thought it was a attitude thing? Geez!

Geez, good guess! Your guess was better than mine.

Old School's Comment
member avatar
I am looking to start hotshotting as my next career. I want to be realistic though about what type of money is possible. I don't mind being on the road for stretches, however I really have no interest in taking a job as a driver for someone else, having control over my own schedule at this point in my life is more important than the $$ I make. Is this a path that I might expect to make $40k-80k doing less than a full schedule?

That is a question that is really hard to answer. You know what it is like to be self-employed. You want to continue that but do it in a business that you have zero experience at. That is not a good plan. I have been a business owner for many years. I understand where you are coming from, but I think it is a bad idea.

I will just say this. I don't think you can make that kind of money running a hot shot rig four days a week and ten months out of the year. Hot shotting is an oddball business that seems to get some good rates at times, but it is finicky. Remember this is a commodities business. There is always going to be somebody undercutting your price. That's the reality of trucking. If you are going to be part time the other guys who can provide better service and better price will eat your lunch. Hot shot work is sometimes really hot and most time really not. I wouldn't recommend it to anyone.

I think trucking is something you've got to go all in for. It doesn't lend itself well to playing around as a part time way to keep earning some money. I think you could make that kind of money easily by getting on with one of the flatbed companies that try to get their drivers home on weekends, There are several of them. You'd save yourself a lot of headache and expense by doing that instead. You know your way around being a contractor, but you will save yourself a lot of trouble by working for someone else in this business.

DAC:

Drive-A-Check Report

A truck drivers DAC report will contain detailed information about their job history of the last 10 years as a CDL driver (as required by the DOT).

It may also contain your criminal history, drug test results, DOT infractions and accident history. The program is strictly voluntary from a company standpoint, but most of the medium-to-large carriers will participate.

Most trucking companies use DAC reports as part of their hiring and background check process. It is extremely important that drivers verify that the information contained in it is correct, and have it fixed if it's not.

Auggie69's Comment
member avatar

DOT loves to pull over hot shots

I've got some questions, I've just begun my research. I am already a small business owner. I have been working as a small flooring contractor/installer for 35 years. I have worked for myself my entire life since I got out of the service. The physical demands of flooring are beginning to wear me out as I am near 60 years old. I am looking to start hotshotting as my next career. I want to be realistic though about what type of money is possible. I don't mind being on the road for stretches, however I really have no interest in taking a job as a driver for someone else, having control over my own schedule at this point in my life is more important than the $$ I make. Is this a path that I might expect to make $40k-80k doing less than a full schedule? I generally work now about 4 days a week 10 months a year and am not looking to significantly increase my workload. Hard work does not frighten me the flooring installation business is brutally physical. I just don't want to invest money in equipment only to find out I can't make money. My CDL can be paid for by the VA at our local college, but I don't see myself driving a big tractor ever. I'm not even certain a CDL would be something I need. Is this something I could do on almost a part-time basis or would operating costs require that truck run as much as possible?

CDL:

Commercial Driver's License (CDL)

A CDL is required to drive any of the following vehicles:

  • Any combination of vehicles with a gross combined weight rating (GCWR) of 26,001 or more pounds, providing the gross vehicle weight rating (GVWR) of the vehicle being towed is in excess of 10,000 pounds.
  • Any single vehicle with a GVWR of 26,001 or more pounds, or any such vehicle towing another not in excess of 10,000 pounds.
  • Any vehicle, regardless of size, designed to transport 16 or more persons, including the driver.
  • Any vehicle required by federal regulations to be placarded while transporting hazardous materials.

DOT:

Department Of Transportation

A department of the federal executive branch responsible for the national highways and for railroad and airline safety. It also manages Amtrak, the national railroad system, and the Coast Guard.

State and Federal DOT Officers are responsible for commercial vehicle enforcement. "The truck police" you could call them.

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