Definitions for "Owner-Operator" Add To Word List
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Keywords: Trucker, Truck, Irp, Driver, Carrier
Someone who owns a truck, but who leases the motor vehicle with driver to a motor carrier. The carrier generally is responsible for some or all of the legal and business requirements for the vehicle. In the IRP, a motor vehicle may be registered by either the motor carrier or the owner-operator.
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Driver who owns and operates his own truck who may lease vehicle and driver to another carrier.
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Trucker who owns and operates his own truck(s).
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Truckers who own and drive they own rigs.
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An owner-operator is a type of business owner, who typically works and runs their own business. An owner-operator will usually be responsible for day-to-day operations, such as inventory, finances, labor control, etc. Owner-operators will usually work several hours, and be present at the location of the business in some form, most of the day.
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