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 ...

Short of holding a square dance in a minefield, there can’t be many situations as fraught with risk as establishing a lease-purchase program to help build your capacity with grow-your-own ...

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 ...

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 ...

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 ...

Among many truckers, lease-purchase programs have a less-than-stellar reputation. Some programs are easy to enter, offering no-money-down no-credit-check guarantees. But they also can make it hard to ...

U.S. Xpress, the nation’s sixth largest carrier, announced last week a new lease-purchase program for drivers, offering 2015 Freightliner Cascadias for weekly lease payments of $493 and higher, ...

Laferrel Lewis, one year into his lease-purchase of his 2001 International 9400i from WTI Transport, plans to complete the deal in two more years. Tim Cross owns his rig and drives under his own ...

WASHINGTON — A study of public data filed in court cases alleging abuse of drivers participating in truck lease-purchase programs with carriers estimates that the extent of predatory lease contracts ...

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 ...

INDIANAPOLIS — The Scopelitis Transportation Law Seminar is a three-day parade of speakers and panels discussing everything from what states' license plates fleets should seek to slap on their trucks ...