An ice fishing sled comprising a plastic tub body with raised walls, and flotation bumpers secured to the exterior of the walls of the tub body around the upper edges of the walls to form a peripheral flotation shelf extending outwardly from the tub body. Bottom surfaces of the flotation bumpers are spaced above the bottom of the tub body, and can function as integral raised runners along the sides of the sled when encountering deep snow or uneven ice. The tub may optionally have a peripheral flange or lip extending outwardly from the upper periphery of the tub walls, with the peripheral flotation shelf located beneath and adjacent or against the underside of the flange or lip.