Lease-purchase deals differ from standard truck leases from firms such as Penske Truck Leasing Co. or Ryder System Inc., which lease trucks directly to carriers. Such trucks are usually operated by ...

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 ...

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 ...

That’s the subhead of a USA Today report, “Rigged,” which earlier this summer highlighted abuses of leased owner-operator drivers at the Ports of Los Angeles and Long Beach. The newspaper found that ...

The new task force of trucking experts that the Federal Motor Carrier Safety Administration formed to address predatory truck-leasing tactics deployed by some motor carriers against truckers held its ...

[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 ...

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 ...

I have written here on the Overdrive Extra blog about predatory lease-purchase programs and how to be aware of the bad deals out there. Some of these programs take distinct advantage of drivers. Too ...

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 ...

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 ...

The ongoing task force created by the Federal Motor Carrier Safety Administration to study — investigate? — lease purchase agreements had a recent and largely negative moment in the sun with a public ...

For the first time, drivers at Hill Bros. Transportation, Omaha, Neb., can choose to lease a brand-new Volvo tractor. To increase tractor selection for drivers in their lease purchase program as well ...