The Federal Motor Carrier Safety Administration’s Truck Leasing Task Force (TLTF) delivered a scathing report on lease-purchase (LP) programs managed by motor carriers in the trucking industry. The TLTF’s findings described the programs as tools of “fraud and driver...
https://www.freightwaves.com/news/truck-leasing-task-force-blasts-lease-purchase-programs
WASHINGTON — A federal task force has released its final report on trucking lease-purchase programs and recommended to Congress an action proposed at the task force’s first meeting in 2023: an all-out ban on such programs.
The 51-page report, issued by the Federal Motor Carrier Safety Administration’s Truck Leasing Task Force (TLTF), was sent to Congress and to the U.S. transportation and labor departments on Friday.
The task force was created by the U.S. Department of Transportation to...
https://www.freightwaves.com/news/fmcsa-panel-recommends-ban-on-truck-lease-purchase-contracts
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 in the industry approaches 6% of all CDL holders.
Such rampant abuse by carriers makes the industry less safe by causing qualified drivers to leave the profession, while drivers stuck in such contracts may be more likely to be less safe on the road, according to the Federal Motor Carrier Safety...
https://www.freightwaves.com/news/court-data-reveals-extent-of-truck-lease-program-abuse
Editor’s note: The Federal Motor Carrier Safety Administration will not release a recording of the panel hearing but is eventually expected to release notes on the Truck Leasing Task Force’s website.
The Truck Leasing Task Force (TLTF), created by the Department of Transportation to study leases that independent owner-operators work under with trucking companies, has had four public meetings.
But it was at the most recent one, at the Mid-America Trucking Show (MATS) in Louisville, Kentucky, that...
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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