Hot shot loads can be hard to come by but they have an important advantage over other loads. Given that they are time sensitive, hot shot loads allow you to charge a higher price and make a better profit. Load boards are usually not the best way to get trucking contracts because competition is high and truckers undercut each other. Most loads have low profit margins and you have to price your services carefully. However, hot shot loads are a small exception to this rule. Due to their urgency and expedited nature, they allow you to charge higher rates. Keep in mind that the best way to get high-paying freight loads is to develop long-lasting relationships with shippers.
Note, we are not a load board and do not provide loads. The list below has companies that do provide loads.
Top hot shot load boards
Here is a list of the top hot shot load boards:
Note: this list is provided as reference and is not an endorsement.
Many loads pay in 30 – 60 days
Unless the shipper or broker provides quick-pays, loads usually pay in 30 to 60 days. This delay can create cash flow problems for owner-operators who cannot afford to wait that long for payment. If your loads are paying in four to eight weeks and you need funds sooner, consider financing your freight bills through a factoring program.
Improve cash flow by factoring freight bills
One simple way to improve your cash flow is to factor your freight bills. Factoring allows you to finance slow-paying freight bills. This solution provides you with immediate funds that you can use to pay for company expenses such as repairs and fuel. Getting factoring is relatively easy and most accounts can be funded in a couple of days.
Trucking companies that qualify for factoring usually get:
- Factoring advance: 90% – 97%
- Rate: 1.15% – 4.5%
- Fuel advances
Looking for factoring?
We are a leading factoring company and can provide truckers with competitive rates. For a quote, fill out this form or call us toll-free at (877) 300 3258.