An owner-operator is a small business owner who usually also runs the company's day-to-day operations. Owner-operators are found in many business models and franchise companies in many different industries such as restaurant chains, health care, logistics, maintenance, repair, and operations. In the United States and Canada, the term usually refers to independent contractors who recruit and drive their own semi-trailer trucks.
In a truck, it is an entrepreneurial self-employed trucking truck or a small business that operates a truck to transport goods over the highway for its customers. Most owner-operators are drivers for the first trucking companies to gain experience and determine their career.
The 1980 Motor Transport Act deregulated the industry and made it easier for manufacturers to set their own prices on shipping items, and also enabled owner-operators to become more successful by taking some control of the hands of larger motor operators. It is now possible to locate a carrier willing to transport goods for what the customer wants to pay, rather than what a larger carrier tariff is.
- Carrier-owners are free to get toll-free (not committed to any company or product) or sign lease agreements to present their equipment to a single customer or product.
- The owner-operators typically have to pay higher rates for insurance because they are smaller in size than most large companies, which means they have to charge more to balance costs.
- There are many things to consider before becoming owner-operators including business arrangements, accounting, vehicle types and licenses.
Video Owner-operator
References
Maps Owner-operator
External links
- Owners Owner Owner's Association
Source of the article : Wikipedia
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