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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.
WTI was founded in 1989 under the name Welborn Transportation by owners, Stephen Rumsey and Miller Welborn whose fleet of 12 flatbed owner operators hauled freight throughout the Southeast. [2] In December 1997, Boyd Bros. Transportation merged with Welborn Transportation and later changed the Welborn name to WTI Transport, Inc. [ 3 ]
In 2017, Knight Transportation merged with Swift Transportation [4] and Knight-Swift Transportation Holdings Inc. was formed to serve as the parent company for both carriers. In 2019, Knight-Swift settled a $100 million class-action lawsuit alleging the company failed to classify 20,000 owner-operator drivers as employees.
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 ...
Financing a semi truck can help ease the startup costs as an owner-operator. ... If you’re employed by a trucking company, your company will pay for these vehicle expenses. However, employees ...
The company operated 16,200 units (12,300 tractors by company drivers and 3,900 owner-operator tractors), a fleet of 48,600 trailers, and 4,500 intermodal containers from 35 terminals in the United States and Mexico, generating just over $2.5 billion in revenue for the year ended December 31, 2009. [18]
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