The pros and cons of being an owner-operator May20


Related Posts

Share This

The pros and cons of being an owner-operator

Being an owner-operator in an industry full of carrier companies is a point of pride for many drivers. The banter at the truck stops buzzes with business strategies and inside advice on what lanes are best.

Most company drivers don’t have to deal with things that owner-operators do, but there are pros and cons to every driver employment scenario. Because Ship-well loves working with informed and hard workers, we support every carrier on the road.

Through our relationships with carriers, we have learned about the challenges and opportunities of being an owner-operator. Here’s what we’ve learned from carriers on the road.

Want to join the Ship well community as a carrier? Sign up with us to book more freight, get better matching loads, and use the smartest tech in freight.

Start-up costs

Getting the equipment to start your company requires a huge upfront cost. From buying or renting rigs, establishing your authority, to obtaining a CDL, prospective owners need to come in with some money to put down. For some, it could mean taking out loans or putting a balance on a credit card that could follow you for years. New carriers need to come in with a game plan to hit the ground running.

Booking your own loads

While company drivers get called by the dispatcher to get loads, the owner-operator is entirely in control of booking loads. This means extra time spent researching industry trends to know what rates are fair. Additionally, it means time on the phone and online trying to schedule loads at reasonable rates. If you aren’t smart about it, your vacation time could be eaten up by managing your business.

Responsibility for expenses and salary

If the wheels aren’t moving, you aren’t making any money. Setting financial goals is imperative for owning your own business so your costs are covered. Think about taxes, insurance, maintenance, business fees, and of course, your salary. Being wise about what loads you book, who you work with, and how long you are on the road all factor into how well you succeed in this industry.


Ideally, you want to be home long enough to recharge, see your family and friends, and take occasional vacations throughout the year. Being an owner-operator means you often take work home with you because the next load could be a phone call away. Keep in mind that if your truck needs repairs, you may have to take time off to get it fixed, which could chop away at your reserved vacation time.

Be your own boss

The best part of being an owner operator is getting to be your own boss. No more having to ask permission for ride along (including pets), arguing over pay increases, or insurance. Plus, if you meet your target income goals as scheduled, you can take vacation how you choose. For folks who have a family to get home to every week, this has more value than gold.

Call or Click to get 50% OFF for the First Month
24/7 Dispatching Service 888-852-4238

Protected by Copyscape Plagiarism Software
Load Board


Post, Search & Bid on UNLIMITED truck loads
Over 30,000 new loads NO DUPLICATES. Sort by combination of weight, trailer, radius & multiple destinations. Easy to use!
g Owner Operator & Truck Driver Search
Great for Shippers & Brokers! Search Drivers by trailer type and any location. Get Freight Quotes directly from drivers by email.
No Contract Month-to-Month Billing
We have 100% no questions asked Money Back Guarantee policy. You can cancel and renew your membership at anytime.
Mileage & Routing Directions
Calculate dead head miles and total miles of trips. Intergrated Map with US Highways and dirving directions from pickup to deivery.
Credit Score Reports & Factoring
Freight Broker credit score search. Invoice matched with Freight Factoring companies.
Dead Head Mileage Calculator
Calculate dead head miles between trips. Radius search for loads within dead head mile limit.
Bookmark, Notes and Favorites
Easily manage your dispatching services with Bookmarking important shippers or drivers, with custom notes.
Load & Driver Email Notifications
Receive email or SMS alerts of loads or owner operations that match your posted loads or trailer types.
Auto Match Loads & Drivers
After you post your Open Truck or Open Load on the load board you will automatically be matached with drivers or shippers.
Send Load Details to Phone SMS Message
Great for dispatchers! allows for drivers to get info while driving and not stop on the raod. Easy to call back from phone.
Daily Fuel Prices & Locations
Daily current diesel fuel prices at all major truck stop locations.
Upload Forms: Cargo Insurance, W-9, & Permits
Great for dispatching! have all your driver's paperwork ready in one location. Documents can be faxed or uploaded as files.
How To Videos Guides
Step by step video tutorials on how to use all the features of the admin to find loads, find drivers and other resources.
Weather & Road Conditions
Live weather forcast from pickup location and destination. View Current and weekly forecast.