If you're looking to start a trucking business with no money, you'll need to find a lender willing to finance your fleet of vehicles and initial expenses. You may want to explore several business loan options, such as commercial truck loans and equipment loans. If you don't have thousands of dollars ready to go, a loan may be your best financing option. However, it's important to remember that lending comes with its own set of rules. When comparing loan options, consider the monthly payment, down payment, and all other details (don't forget to read the fine print).
If you're looking for work on a small platform with a white van and trailer, you can look into lowboy trailers and tilt platform trailers for heavier loads. For transporting cars, 3 car carriers (flat or pigeon tailed) are a good initial option. If you're looking for more information on transportation businesses in general and some inspiration, check out my definitive guide to transportation business ideas. I discuss more than 30 business ideas you can start in the transportation industry (with useful information and tips on how to get started).
Most of the ads on the DAT loading panels are posted by truck brokers who work on behalf of shippers, and the system also provides you with information such as brokers' credit scores and average payment time, which can be useful in making sure you're working with suitable partners.Not all hot loads require a commercial driver's license, but if you don't already have one, you'll need one if you plan to operate vehicles that meet or exceed certain weight thresholds.
One of the great advantages of hot shot trucking is its relative affordability (at least compared to things like long-haul trucks, which require you to own or rent semi-trucks, which are much more expensive). If your company is looking for retired part-time drivers to work on a contract basis with trucks and trailers (desired, not required) in Yuma, AZ or Phoenix, AZ and surrounding areas, DAT Authority experts can help them specialize in managing authority paperwork, federal and state permits, and state DOT regulations for hot shot trucks. Another important advantage of hot shot trucking is that there is a lower barrier to entry and lower operating costs. You can choose to become an owner-operator, meaning you own and operate a hot shot business with your own MC number, or you can lease with another company. If you don't already have your own transportation authority and are interested in getting one for your hot shot business, there are some important requirements you must meet. Fast cargo transportation is urgent and companies will be looking for trucks in their area that can pick up loads and hit the road as soon as possible.
Load boards are probably the best way to get a steady and consistent flow of hot loads. Load boards are an efficient method for truckers to easily find hot cargo. You can also hit the curb and start talking to local businesses that may need hot shot deliveries from time to time. On the other hand, it's important to increase your driving experience in a hot shot truck while your CDL matures so that if you decide to jump to a semitrailer it will be much easier for you to qualify for insurance. You may want to establish a business entity such as an LLC, a corporation, or a partnership for your hot shot trucking business.