lease purchases Archives - Maritime Shipping News

Lease purchasing opportunities to assist prospective owner-operators

29 June 2022

Today’s market poses many challenges to truck drivers and trucking companies alike. Along with the infamous driver and labor shortage, drivers and carriers have to deal with inflation in the form of skyrocketing fuel, insurance and overall equipment costs — not to mention labor costs and availability. Moreover, many drivers whose trucks need repairs face long wait times just to have their vehicles looked at, resulting in significant downtime and loss of revenue.

PGT Trucking, Inc. has a proven...

https://www.freightwaves.com/news/lease-purchasing-opportunities-to-assist-prospective-owner-operators

Loaded and Rolling: ATRI on driver satisfaction; trailer material shortages; carrier income at record levels

3 December 2021

ATRI research on truck driver motivations and satisfaction

The American Transportation Research Institute released results on its analysis on what motivates truck drivers to become company drivers or owner-operators/independent contractors (OO/IC). The data came from over 2,000 drivers, two-thirds of whom are OO/IC, and includes additional analysis on compensation models and driver satisfaction. Quick rundown of results below and full report h...

https://www.freightwaves.com/news/loaded-and-rolling-atri-on-driver-satisfaction-trailer-material-shortages-carrier-income-at-record-levels

Communication still key in truck lease-purchase agreements: TEL exec

28 September 2021

Sheri Aaberg didn’t waste any time delivering one of her key points in a presentation about lease purchases in a workshop Sunday at the annual meeting of the Truckload Carriers Association in Las Vegas.

“One of the problems in the way it has developed is that it has a very negative perception in the industry overall,” she said. Aaberg should know; her company, Transport Enterprise Leasing, is a leading third-party provider of financing for lease purchases. She is the company’s COO.

A lease...

https://www.freightwaves.com/news/communication-still-key-in-truck-lease-purchase-agreements-tel-exec

Drilling Deep: ‘Big Rig’ author Viscelli on how drivers are doing today

7 May 2021

Steve Viscelli popped up on the trucking sector’s radar several years ago when he wrote “The Big Rig.” He had been a truck driver-turned-academic, and he wrote a firsthand look at the life of drivers on the road.

In particular, he took aim at lease purchase deals, arguing that they were distinctly bad deals for drivers.

Viscelli joins host John Kingston on Drilling Deep to talk about how drivers are doing in this strong market and whether his views on lease purchase deals have changed at all.

Also...

https://s29755.pcdn.co/news/drilling-deep-big-rig-author-viscelli-on-how-drivers-are-doing-today

Independent contractor definition battles may further complicate lawsuits over lease purchases

30 March 2021

With the definition of independent contractors (ICs) pinballing around the three-legged stool of the states, Washington and the federal courts, there’s a particular group of truck drivers with an additional level of uncertainty: those operating on lease purchases.

Whether a driver on a lease purchase program is truly independent is a central feature of a number of lawsuits making their way through the courts — including several filed by California attorney Robert Boulter, whose specialty in...

https://s29755.pcdn.co/news/independent-contractor-definition-battles-may-further-complicate-lawsuits-over-lease-purchases