Freight glossary / Roles and parties

What is Lease on in freight?

A lease on is an arrangement where an owner operator runs under a larger carrier's authority and insurance rather than their own. The carrier handles compliance, billing, and freight, and takes a share of the revenue. It lowers the administrative load on the driver at the cost of independence in choosing freight.

Also called: leased owner operator.

Related terms

• Owner operator
• Carrier
• Operating authority