According to a survey conducted by the Owner-Operator Independent Drivers Association (OOIDA), the freight market is working against owner-operators. Over half of the survey’s respondents reported negative feedback for 2023, citing concerns such as high fuel costs, inflation, increased regulation, capacity, and a lack of demand. Many owner-operators are not willing to operate at a loss or to break even at the risk of their own financial and physical well-being. This puts them at a disadvantage when compared to large fleets, as they can better absorb costs or operate at a near loss. In the survey, several owner-operators who operate at their own discretion expressed consideration for forgoing their authority and either leasing their equipment to other carriers or selling altogether. An article published by Transport Drive reports further on the findings of the OOIDA survey.
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