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What Are the Pros and Cons of Hot Shot Trucking?

Starting a business needs a lot of preparation and determination as you cannot guarantee profit within the first months. And this is what discourages a lot of people who have the potential to be good entrepreneurs. However, this has been challenged with the emergence of trucking service, including flatbed and hotshot trucking services. What is it why is it popular for people who want to independently provide service to their locals without costing much and preparing much? In this article, we will give you an overview of what hotshot trucking is, as well as its pro and cons.

What is Hot Shot Trucking?

There are individuals who can be referred to as “freelance truck drivers” in the freight industry, and they are often known as “hotshot truckers”. Freelance basically means that they are not employed by any private or public management or companies and that they do the service on their own and communicate with different clients while being their own boss.

What do they do?

Basically, these “freelance trucker” transport goods, materials, etc., for various companies and cargo carriers whenever they want to, without needing to sign an obligation agreement.

There are many advantages that being a hotshot truck driver provides you. First of all, you are your own boss so you have the complete freedom to work at your own most convenient time pacing. No one would tell you which client to meet, and when you work. Second, there is no need to possess a professional licensing for truck driving as your driving license already suffices. Third, no paperwork necessary. The only thing that you need to provide is your own equipment, truck, and other tools.

The benefits of hotshot trucking

  • It is relatively cheap to start your business int his industry as small business supples are lower than a typical 8 long-haul company driver.
  • It provides a steady income even though it seems like a small business, so long as the driver s dedicated to continue and provide service as regular as possible. In fact, it is a class 8 pay.
  • You are your own boss and you work according to your preferences.
  • They are suited for local areas and they usually get many clients and customers in bulk.

The drawbacks of being a hotshot truck driver

  • Being your own boss does not guarantee full productivity as you always have the option to rest for several days that what you can actually do.
  • Because it is client-based, it does not provide an assurance of a regular income. There are days when hotshot drivers are completely needed while some days they are not.
  • You are responsible for all the equipment and materials you have in your business, and this does not exclude the cleaning and maintenance of your trailer truck.
  • You have all the responsibility and you are all liable. Since you ate not working in a company, you are not provided with insurance. This means that you will be completely liable for everything you carry and do.