What is an owner operator?
Discussion in 'Ask An Owner Operator' started by Life on Wheels, Nov 25, 2022.
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When I'm in the States and someone asks I say, ' I'm a Leased on Owner Operator' even though I'm not Leasing my truck through the carrier I work under. Whiles in Canada, I say Owner Operator because there are less full Authroity Carriers oppose those who are working under another Carrier. It's a pretentious title imo when most boost they aren't running their own Authority. I bought the truck however, here in Ontario, Canada insurance placed some weird rule even those who have 30 year experience driving if they weren't insured before on their own within the last 5 years. They have to obtain 1 year insurance experience under another carrier. Kinda stupid, but that's the North. Regardless, who cares what another trucker thinks if it's a lower I.Q. mentality. It's your business therefore you run it as you please!
Life on Wheels Thanks this. -
If you live in a Cascadia and eat beefaroni you might not be an owner operator
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Here's how I look at it. If your name is on that title you are a owner operator. Many people run the business different ways. Some want total control which would be there own numbers insurance and stuff. While some want to lease on and pick where they go and haul. Then some do power only and let the dispatcher do everything.
In the end it's all the same and everyone pretty much makes the same money.Long FLD and Life on Wheels Thank this. -
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Speedy356, Cat sdp and Arctic_fox Thank this.
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exhausted379, Brettj3876, Long FLD and 2 others Thank this.
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As things currently stand i would venture that being a leased to owner op or a fixed contract O/O are likely the safest options to be a truck owner having the lowest risk but only moderate rewards.
Being an indy is the middle ground with moderate risks but highest potential rewards
meanwhile leaseing from a company is the highest risk lowest reward and most likely to get screwed on.
However all 3 can easily be classified as owner ops. Owner op to me has always been a catch all term with more specialized terms like indy or carrier applied to specific branches.
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