NASTC President David Owen sees a "knee-jerk reaction" to a complex problem in the FMCSA Truck Leasing Task Force's recommendation to abolish carrier lease-purchase programs.

Motor carriers/affiliates' lease-purchase plans and programs have traditionally been somewhat well-used paths to truck ownership, particularly among operators with otherwise shaky credit, but the ...

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.

Industry leaders say that lease-purchase agreements depend on carrier commitment and establishing proper entry requirements. (OTR Leasing) Companies with favorable driver feedback don’t push ...

It did not address third-party truck lease-purchase programs. If Congress decides not to ban motor carrier lease-purchase programs, the task force recommended significant Congressional and agency ...

Some lease-purchase agreements require the lease-purchaser to be responsible for all repairs, maintenance, service and upkeep, said Jim Jefferson, supervisor of regulatory, compliance and consumer ...

Federal Motor Carrier Safety Administration (FMCSA) on Monday appointed nine members to serve on a task force charged with evaluating truck lease agreements and the potential safety and financial ...