There are many different career paths that you can follow after earning your commercial driver’s license (CDL). Owner-operator trucking is one example of a long-term goal that you may have for yourself as a driver. This is when you own your own semi-truck and either contract with a trucking company or operate on your own authority. Although you will need to make an initial investment to get started, this can be one of the highest-paying jobs within the trucking industry.
More information about becoming an owner-operator:
What is Necessary to Be an Owner-Operator?
It is common for owner-operators to have worked as truck drivers for a motor carrier. This gives you valuable experience and the time to save up to purchase a truck. Additionally, some trucking companies offer paths to becoming an owner-operator. This may include a lease agreement that allows you to make payments toward the vehicle while hauling freight. However, you do not need to spend any time as a company driver to become an owner-operator if you have the funds to purchase a truck and follow other necessary steps to start your trucking business.
Beyond the truck itself, other requirements for being an owner-operator depend on whether you contract with a motor carrier or operate under your own authority as a common carrier. As a contract owner-operator, you will work with one specific company and transport their freight. This allows you to have the support of that carrier while still having more control over your hauls. If you choose to become a common carrier, you will need to register with the Department of Transportation (DOT). In either case, you will need to be fully insured and follow all federal regulations. If you have any subcontracted drivers, you may also need workers’ compensation insurance.
The Benefits of Owner-Operator Truckin
Owner-operators are among the highest-paid drivers in the trucking industry. However, it’s important to understand that a major factor in how much you can earn is your own initiative. This is true in any career, but especially when you are running a business.
There is a huge demand for truck drivers in the United States. As an owner-operator, you can use this to your advantage. This is because many trucking companies need more drivers to transport their freight. As a result, it is more likely that you will be able to find work.
Owner-operators have more choice about which routes they drive, what sorts of freight they haul, and what companies they work with. You also have the ability to take time off when you need it without waiting for approval. Although you don’t want to be too picky about hauls and will still need to work often to make enough to offset costs, many owner-operators appreciate this increased flexibility.
The First Step to a Trucking Career
If you want to start working toward becoming an owner-operator, you will need to earn your CDL. At Phoenix Truck Driving School, you will learn from skilled instructors and will benefit from their real-life trucking experience. We will give you the tools you need to succeed and our job placement assistance team can even help you find companies that offer paths to owning your own vehicle.