What is an owner operator independent contractor?

An Owner Operator Independent Contractor is an individual who owns and operates their own commercial vehicle, typically a truck, and contracts with companies to transport goods. Unlike company drivers, owner operators are self-employed and manage their own business operations, including vehicle maintenance, scheduling, and securing contracts. They have the flexibility to choose their loads and clients but are also responsible for all costs associated with running their business. This role requires strong business acumen, a commercial driver's license, and a good understanding of the transportation industry.