The Federal Motor Carrier Safety Administration’s Truck Leasing Task Force delivered a scathing report on lease-purchase programs managed by motor carriers in the trucking industry.
A federal task force wants Congress to shut down leasing programs used in the trucking industry due to “widespread harm” that they cause small-business owners.
Roughly 6% of CDL holders may be involved in predatory lease contracts with their carriers, according to a federal task force.
Truck lease purchase deals did not get many positive reviews at a recent gathering of a federal task force studying the deals’ impact.
A federal task force wants contract details from truck drivers to help expose and combat predatory lease practices in the trucking industry.
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