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In trucking, an owner-operator is a self-employed commercial truck driver or a small business that operates trucks for transporting goods over highways for its customers. [1] Most owner-operators become drivers for trucking companies first to gain experience and determine whether the career is for them.
A Nissan Diesel trucker in Hong Kong. There are three major types of truck driver employment: Owner-operators (also known as O/Os, or "doublestuffs" [4]) are individuals who own the trucks they drive and can either lease their trucks by contract with a trucking company to haul freight for that company using their own trucks or haul loads for multiple companies and are self-employed independent ...
A common property-carrying commercial vehicle in the United States is the tractor-trailer, also known as an "18-wheeler" or "semi".. The trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over land—typically from manufacturing plants to retail distribution centers.
Penske truck with loading ramp down. Penske Truck Rental is an operating unit of Penske Truck Leasing that has more than 2,500 consumer truck rental locations across the United States and Canada. Penske rents commercial semi-trucks, straight trucks and semi-trailers to businesses that haul freight. Its truck rental fleet has more than 85,000 units.
[5] [6] Its trucking fleet consists of over 14,000 company-owned power units, nearly 10,000 owner-operator tractors, nearly 50,000 trailers and over 200 straight trucks. [ 7 ] Since the mid 1990s, the company's main source of growth has been complete takeovers of smaller logistics companies (over 190 between 1996 and 2021) many of which ...
For a short period between 2015 and 2016, the company was owned by XPO, Inc. and known as XPO, Inc. Truckload. In 2016, it was acquired by Canadian logistics company TFI International who returned it to its pre-2007 operations as a standalone truckload company under its original name, CFI. TFI sold the company to Heartland in 2022.
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