The ‘Other Stuff’ to Address in Truck Owner-Operator Lease Agreements. There are several other issues that must be addressed in a lease agreement between a motor carrier and the owner-operator ...

The Owner-Operator Independent Drivers Association hailed the report, which it said “unequivocally calls for an end to predatory truck lease-purchase agreements. Owner-Operator Model in Trucking ...

Writing to the task force, the Truckload Carriers Association said independent operators play “a vital role in the American trucking industry” and that lease-purchase agreements are one of the ...

Truck leasing today. Lease-purchase agreements in trucking have a mixed reputation. Under a lease-purchase agreement, a driver can become an owner-operator by entering a lease contract with a carrier.

WASHINGTON — If you’re a truck driver and have a lease agreement with a trucking company, federal regulators want to see your contract — especially if you feel it’s predatory or fraudulent ...

The nine members who will serve on FMCSA’s Truck Leasing Task Force are Tamara Brock, Brock Logistics, LLC and Lewis & Lewis Logistics, LLC (Independent Owner-Operator); Paul Cullen, The Cullen ...

The lessee/owner-operator retains the right to ownership at the lease’s end. That’s fully secured with the payment of a residual value, often a percentage of the new truck’s purchase price ...

Credit flexibility providing more owner-operators – with good or bad credit history – access to truck leases. Premium trucks with an inventory stocked with new and gently used vehicles.

Members of a specially appointed Truck Leasing Task Force recently concluded that many lease-purchase agreements don't give owner-operators a realistic chance to own their trucks.

Joanne Ritchie, executive director of the Owner-Operator Business Association of Canada, urged owner-operators to lease on with a carrier that will treat them as a valued business partner. “I would ...