Owner Operator Driver | Company Operator Driver |
These drivers have their own trucks. | These drivers don’t have their own trucks, but they drive the trucks provided by the companies. |
They bear the whole risk by their own | If there is any damage or mishappening, company bears the risks |
They pay the lease of the trucks | There is no impact of lease payment on the driver. |
They must pay equipment charges monthly. | All equipment charges were already paid. |
Fuel cards are also issued to owner operator, but Charges get deducted from their pay. | Fuel charges is a company expense in this. |
Company pays the monthly insurance of the truck, but it will be deducted per month from drive pay | They don’t need to pay insurances. |
It requires huge investment | There is no investment required |
Get high pay as compared to company driver, discount on fuel and maintenance | They get paid per mile, no other benefit they get. |
Annual licensing, permits, and documentation and taxes. | Pay the taxes on their income. |