Predatory truck leasing Archives - Maritime Shipping News

Truck drivers: FMCSA wants to see your leasing agreement

15 February 2024

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WASHINGTON — If you’re a truck driver and have a lease agreement with a trucking company, federal...

https://www.freightwaves.com/news/truck-drivers-fmcsa-wants-to-see-your-leasing-agreement

FMCSA advisory panel targets predatory leasing contracts

12 July 2023

WASHINGTON — A new panel set up to advise federal regulators is looking into limiting — or eliminating — the ability of a trucking company to wield financial power over a driver through truck lease-purchasing agreements.

The recommendation, still in draft form, was one of the discussion points Tuesday during the first meeting of the Federal Motor Carrier Safety Administration’s Truck Leasing Task Force (TLTF).

One of the first orders of business was defining two types of leasing arrangements...

https://www.freightwaves.com/news/fmcsa-advisory-panel-targets-predatory-leasing-contracts

FMCSA names panel targeting predatory lease-purchase agreements

1 May 2023

WASHINGTON — The Federal Motor Carrier Safety Administration has named representatives from the trucking industry to assess the prevalence of predatory leasing agreements by carriers against owner-operators and follow up with recommendations to Congress.

FMCSA’s Truck Leasing Task Force, authorized by the Infrastructure Investment and Jobs Act (IIJA) in 2021, will address areas “that have long needed intense focus,” according to the agency. It will include providing best practices to help...

https://www.freightwaves.com/news/fmcsa-names-panel-targeting-predatory-lease-purchase-agreements