According to an analysis from the director of economic research Aaron Terrazas, self-employed drivers earn more money than company drivers who are paid per mile or per hour.
However, Terraza’s analysis indicates that the amount of money owner-operators earn varies hugely. While the top 10 percent can earn up to 52 percent than company drivers, the bottom makes less than 30 percent per hour compared to company drivers.
Moreover, being self-employed comes with the risk of maintenance costs and the vulnerability to economic cycles.
To read more about the difference between self-employed drivers and company drivers, go to FreightWaves.