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What does mean by independent contractor or independent owner operator and how it is different from owner operator in trucking business?
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∙ 14y ago
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There's 3 different categories of drivers.
1. Company driver. This is a driver that is hired by a company to drive a company owned truck. This type of driver must do the loads that is given to him/her. The driver only has to pay for food and personal expenses. The company pays for fuel and all expenses and costs of the truck . Including fuel, tires, etc.
2. Independent Contractor/ Owner Operator. This is a driver that owns his/ her truck. The owner of the truck pays for all expenses, personal and truck expenses. The owner must pay for fuel and tires as well. The company the owner "leases" onto helps find loads for the driver/owner. Although the owner can refuse loads, he/she can only pull loads for the company that the owner leases to. The company has rules that the owner must comply with but mostly the owner of the truck is his/her own boss. A lot of owners of trucks are owner operators and most lease onto a company. It makes things easier, but still you are not totally a independent owner. You still, basically, are a company employee. Your paid more than a company driver, but you have more responsibilities and expenses.
3. Independent Owner Operator. This is a person that owns from one to several hundred trucks, even thousands. This person usually does not drive or operate a truck, but some do. An Independent Owner Operator is classified as a Motor Carrier. He/she usually has more than one truck. Even though an Independent Owner Operator can be in business with one truck and one trailer, or just one trailer. The independent owner operator can lease on a driver to pull his/her trailer. The independent owner usually has company drivers that drive for him/her and has at least two trucks and trailers, or at least two trailers. The owner has a lot of responsibilities and must find all loads himself. The owner also is responsible all bills that come to the trucking company he/she owns.
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∙ 14y ago
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