Fleet Owner

FMCSA task force finds carrier lease-purchase agreements weaken trucking industry

Carrier lease-purchase agreements are “irredeemable tools of fraud" that threaten supply chains, a federal task force on truck leasing warns Congress. An FMCSA task force is pushing Congress to ban ...
Yahoo

FMCSA panel recommends ban on truck lease-purchase contracts

Add Yahoo as a preferred source to see more of our stories on Google. Evidence suggests truck leasing programs do more harm than good. (Photo: Jim Allen/FreightWaves) WASHINGTON — A federal task force ...
Overdrive

There's plenty to consider before entering a lease-purchase agreement with a motor carrier

Motor carriers/affiliates' lease-purchase plans and programs have traditionally been somewhat well-used paths to truck ownership, particularly among operators with otherwise shaky credit, but the ...
Overdrive

Carriers' lease-purchase programs 'meaningful' for at least half of lessee operators

Lease-purchasing a truck in a carrier's lease program or through another third-party company is fundamentally an uncommon avenue toward truck ownership, according to every Truck Purchase & Lease ...
Truckinginfo

House Bill Would Ban Predatory Lease-Purchase Programs in Trucking

U.S. Rep. Julia Brownley has introduced legislation in the House of Representatives that would crack down on truck leasing programs between motor carriers and truck drivers that are seen as ...