What is it?
This index provides a measure of the degree to which carriers, on an aggregated basis are utilizing Owner Operator (Independent Contractors) relative to total driver count. The carriers reporting the data for this index are participants in Truckload Carriers Association’s TPP program.
Formula: (total OO count / total driver count) * 100
Who is interested?
Anyone that has an interest in freight movement patterns. i.e. Shippers, freight brokers, fleet managers, executives in a transportation company, owner operators.
What does it tell me?
This index, for small populations of drivers, is highly dependent on the States and Provinces that each reporting carrier operates within. This is due to regulations (existing or proposed) regarding the usage of independent contractors. On an aggregated basis, this informs the user on the relative popularity of this operating model within trucking.