White Paper – Owner-Operators: Trucking Is Their Business

The work of a truck owner-operator is all encompassing. In addition to driving they take on all the responsibilities associated with running a business. They must keep the truck running, keep customers happy, negotiate with outside vendors, keep accurate books and handle all problems that come their way.

It’s a tough job, but to many the added responsibilities are the price they pay for independence on the road. Still, many owner-operators hit stumbling blocks to success, or don’t reach their full potential.

In the white paper, Owner-Operators: Trucking Is Their Business, WEX Fleet One looked at some of the common challenges faced by:

• The company driver making the transition to owner-operator
• The owner-operator leasing to a company
• The independent, well-established owner-operator building success

Topics covered include:

• Developing a business plan
• How to use load boards
• Determining rates: Time vs. Miles
• Leasing to the right company
• Fuel cards and discounts
• Factoring