How much can you earn from a hot shot business? So if the business fails to meet your expectations, you can sell the truck and trailer to recoup most of your investment. While the costs may seem high, the overall risk of investing in a hot shot business is low, as more than 80% of the investment is for purchasing assets with great resalable value. The bulk of this cost is of course for the pick-up truck and trailer, so if you already own these items, your costs will be reduced by up to 80%. The start-up costs for a hot shot business range from $28,000 to $75,000, with an average of $51,500. How much does it cost to start a hot shot business? Number of people employed – This segment of the trucking industry employs more than 500,000 people.(( )).Number of businesses – There are more than 120,000 LTL businesses in the US.(( )).Growth forecast – The LTL market in the US is predicted to grow at least 5% annually through 2025.(( )).Industry size and past growth – Data firm IBISWorld values the LTL market in the US at $88 billion, after growing 2.4% annually since 2017.(( )).It involves hauling LTL (less than truckload) shipments. Hot shot trucking is a small segment of the $732 billion US trucking and transport industry, but it’s also the fastest growing segment. High insurance premiums may reduce profit margin.
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