Truck leasing
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Trucking
Pay-as-you-drive lease option could protect carriers during market slowdowns
As more and more carriers close up shop, leasing equipment has become a gamble that some companies may not want to take.
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Truck Review Features
Owning vs. leasing your own Class 8 vehicle
Should you own your own heavy duty truck or consider leasing?
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News
Leasing company sues trucking firm for $37 million, alleging breach of contract
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…
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Driver issues
Settlement in long-running truck lease lawsuit against C.R. England set for final approval
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…
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Company earnings
Ryder beats earnings and raises guidance
But Ryder’s 3PL division, Supply Chain Solutions, is expected to go into negative year-over-year growth next quarter.
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Economics
Truck leases could become more advantageous due to accounting rules, says Fleet Advantage president
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,…
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Legal issues
Truck Leasing group asks for another ELD exemption, through year’s end
The current exemption ends April 19.
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News
Los Angeles sues port trucking companies over lease-to-own
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…
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Blockchain
Blockchain could alter the way leased assets are viewed by fleets
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…
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Economics
Trucking carriers: Start planning for the new lease accounting standard
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…
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