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.
Truck lease purchase deals did not get many positive reviews at a recent gathering of a federal task force studying the deals’ impact.
The first meeting of the Federal Motor Carrier Safety Administration’s Truck Leasing Task Force (TLTF) discussed and drafted recommendations on Tuesday regarding limiting or eliminating the power a trucking company has over lease purchase agreements with drivers.
SONAR ocean container booking data suggests that the predicted freight rebound in the second half of 2023 may be increasingly unlikely. Import and ocean container booking data is typically used as a leading indicator for future truckload volumes, as containers are offloaded in ports and transferred into intermodal or truckload orders.
President Biden underscored his support for ocean shipping reform as he prepares to speak at the Port of LA. Here’s a rundown of major efforts the administration has taken to date to ease supply chain disruption.
FreightWaves’ Mary O’Connell and ArcBest’s Steven Leonard sit down to cover all things LTL and how to avoid unnecessary charges
Federal regulators are standing up a new task force to study predatory truck leasing and its effect on driver safety.
The U.S. Department of Transportation is ramping up studies analyzing truck driver pay and unpaid detention time.
The U.S. Senate votes to advance a major infrastructure package that includes new regulations for trucks.
“We are solving meaningful business challenges with innovation and passion,” says GreyOrange Chief People Officer Ramya Sampath Sharma.
Rentals allow companies to expand their fleet in order to capitalize on short-term opportunities.
Fleet Advantage offers book value cash and leasebacks to help trucking companies weather the economic crisis while banking on selling them new trucks down the road.
As more and more carriers close up shop, leasing equipment has become a gamble that some companies may not want to take.
Should you own your own heavy duty truck or consider leasing?
Arkansas-based PKE Western Truck Leasing, Inc. filed a $37 million lawsuit against Rich Transport, LLC and its parent company, RoadRunner Transportation Systems (NYSE: RRTS), alleging breach of contract.
A long-running lawsuit over leased vehicles appears to be reaching its conclusion. The lawsuit, Roberts, et al. v. C.R. England, Inc., et al, is scheduled for final approval by a judge on July 9, 2019, following a $37.8 million settlement that was reached last month in the class-action suit. The case centered around C.R. England […]
But Ryder’s 3PL division, Supply Chain Solutions, is expected to go into negative year-over-year growth next quarter.
The tax changes of 2017 caused some fleets to consider leasing as opposed to buying, and new accounting rule changes could have a similar effect, says Fleet Advantage.
The current exemption ends April 19.
For years, port trucking companies in southern California have used lease-to-own agreements with their drivers to avoid costs like fuel and insurance, re-classifying their employees as independent contractors. Now the city of Los Angeles has filed suit to put an end to the practice.
Blockchain offers a number of opportunities within freight management to improve cash flow. Pay per mile insurance coverage is one new concept, but that same philosophy can be applied to vehicle leases, perhaps changing the way fleets pay for their vehicles.
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-02, Leases (Topic 842) (the Update). The Update represents the first comprehensive overhaul in lease accounting in approximately 40 years.
