Owner Operator Trucking has Many Advantages

The desire to be your own boss exists in many truckers from the first day they climb into the cab. As their trucking career progresses, this desire is often diminished due to changes in the industry such as rising fuel prices, increasing regulations, negative attitudes from peers in the industry, and so on. The fact of the matter is that owner operator trucking can still be a successful path to pursue, and the benefits are well worth the effort.

With many successful owner operators, the key to combat the new challenges the industry is facing is to conduct business with common sense, minimal overhead, and partnership with a company that conducts their operations with honesty, integrity, low turnover ratios, and high ethical standards; the success of the owner operator is in direct correlation with the success of the company.

The benefits of owner operator trucking still outweigh the negative opinions of those who believe that taking this step is simply no longer worth the effort and risk. The top two rules of thumb when attempting to make a venture successful are to begin with the lowest overhead possible and to form a positive relationship with a reputable company.

Some of the top benefits include tax advantages, higher net incomes over the typical company driver, time off when it is wanted (not just when it's convenient for the company), the pride of business ownership, and that the majority of revenue earned goes into the owner operator's pocket. The tax advantages are dramatically increased and through deductibles and write-offs, annual tax liabilities are reduced below what is paid by the average company driver.

There is a sense of pride in many owner operators--the pride of being your own boss, making decisions for your own benefit, and the feeling of accomplishment many get by having their company name on the doors as they roll up and down the highway. With owner operator trucking, all of the advantages of owning a business can sit in the driver's seat.