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Unsurprisingly, they are also both. Both UPS and FedEx identify as contract carriers and common carriers as they provide similar services. They are not, however, private carriers.
Carrier or contracting carrier means any person by whom or in whose name a contract for car- riage of goods by sea has been concluded with the shipper. 2. Actual carrier means any person to whom the contracting carrier has entrusted the performance of all or part of the carriage of goods.
An independent contractor is a driver with a contractual relationship with a carrier, or a company that transports freight. The carrier guarantees work for the driver and provides them with necessities for transport, such as liability insurance, a toll pass and the right to operate a commercial vehicle.
Examples of contract carriers include: A trucking company that contracts with a business to transport their products. An airline that contracts with a corporation to provide transportation for their employees. A shipping company that contracts with a manufacturer to transport their goods overseas.
However, the main difference is that contract carriers tend to stand as a separate entity from the company they have a contract with, while private carriers work under their service company.
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A common carrier is a person or a commercial enterprise that transports passengers or goods for a fee and establishes that their service is open to the general public . Typical examples of common carriers include, a shipowner, railroad, airline, taxi service, etc.
Common carrier means a person holding itself out to the general public to provide transportation for compensation. Contract carrier means a person providing transportation for compensation under continuing agreements with one person or a limited number of persons.

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