[Stay on top of transportation news: Get TTNews in your inbox.] For some trucking companies, a truck lease-purchase agreement could be a hit-or-miss event with long-term ramifications. However, ...
Ben Ames has spent 30 years as a journalist since starting out as a reporter for daily newspapers in Pennsylvania and Massachusetts. He has focused on business and technology reporting since 1999 for ...
[Stay on top of transportation news: Get TTNews in your inbox.] A federal truck leasing task force commissioned to study the prevalence of predatory practices in truck lease-purchase agreements ...
Evidence suggests truck leasing programs do more harm than good. (Photo: Jim Allen/FreightWaves) WASHINGTON — A federal task force has released its final report on trucking lease-purchase programs and ...
The Federal Motor Carrier Safety Administration (FMCSA) has released the names of the nine trucking industry leaders who will serve on the agency’s new Truck Leasing Task Force. The task force is ...
In a damning report, the Truck Leasing Task Force assembled by the Federal Motor Carrier Safety Administration recommended that Congress should ban motor carrier lease-purchase agreements with truck ...
There are pros and cons for both purchasing and leasing trucks, as I wrote about several years ago in my buying vs. leasing article. However, for those considering the leasing option, there is a ...
Lease-purchase programs offered or managed by motor carriers in the trucking industry are under perhaps their biggest challenge to date. The Truck Leasing Task Force (TLTF), established by the Federal ...
Like many long-haul truckers, Frank Merrill dreamed of being his own boss. Some day, he told himself, he would buy his own big rig and become an owner-operator, king of the road, choosing what loads ...
FMCSA's Truck Leasing Task Force discussed the fairness of—and possible solutions to—lease-purchase agreements between carriers and drivers. This was the fourth meeting of the Truck Leasing Task Force ...
While I have been a proponent, to an extent, of the efficacy of the lease-purchase model for new owners and others lacking the capital to secure favorable financing, I’ve always accompanied that with ...
The federal government is taking a closer look at the fairness of truck leasing agreements as the Federal Motor Carrier Safety Administration issued a request for information on drivers’ leasing ...