What is an owner operator?

Owner-operators in trucking are independent business professionals who own and operate their own trucks, allowing them the freedom to determine their own routes, schedules, and business practices. Owner-operators also assume the responsibilities of managing logistics, maintenance, and regulatory compliance.

Difference between an owner operator and company truck driver

A company truck driver is employed by a trucking company, receiving per diem untaxable credit and benefits while operating vehicles owned by the employer. Their responsibilities include adhering to company policies and schedules, often with less control over their routes and hours. In contrast, an owner-operator owns their own truck and runs their own business, giving them the freedom to choose loads, negotiate contracts, and manage their income. While owner-operators can enjoy higher earning potential and autonomy, they also face additional responsibilities such as maintenance costs, insurance, and regulatory compliance. Both roles play crucial parts in the logistics sector, yet they cater to different preferences and professional goals.

Owner operator pay

At Transfleet, owner operators earn a percentage of the load after the fuel surcharge* is deducted from the load. (We figure our fuel surcharge amount from the (variable) current market rate, which is 17%.) Afer the fuel surcharge is figured out of the load pay, owner operators take 74% of the load. Since owner operators pay for their own fuel, the fuel surcharge is then added back into their load pay. *See fuel surcharge definition below

Benefits of being an owner operator

1) More independence

2) In control of your schedule

3) Higher earning potential

4) Greater variety in equipment options