Coldfoot primarily serves as a truck stop on the Dalton Highway from Fairbanks to Prudhoe Bay. North of Coldfoot, there are no services for 240 miles (400 km), until Deadhorse. It has a restaurant and a small number of overnight accommodations (converted pipeline construction camp quarters). Bus tours along the highway typically take two days with passengers spending the night in Coldfoot.
The Coldfoot truck stop was founded by Iditarod champion Dick Mackey who started his operation by selling hamburgers out of a converted school bus. Truckers helped build the existing truck stop and cafe. The Alaska Department of Transportation (DOT) has a Camp (Maintenaince Station) in Coldfoot.