Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between an independent owner-operator and a leased owner-operator?

0
Posted

What is the difference between an independent owner-operator and a leased owner-operator?

0

Leased owner-operators lease their truck and their services to a motor carrier. The carrier of fleet books the freight, collects from shippers and provides some administrative services, such as fuel tax reporting. The owner-operator is responsible for all other aspects of his business. Being a leased owner-operator does not necessarily mean you “lease/purchase” your truck through the fleet you work for. Independent owner-operators are motor carriers in and of themselves, with operating authority from the U.S. Department of Transportation. They are responsible for getting their own customers and loads and are responsible for all aspects of their businesses. It is estimated that owner-operators make up about 70% of the interstate driver population.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123