Industry leaders advise that if structured fairly, truck lease-purchase agreements can be vital to the trucking industry.

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.

Whether adding or replacing trucks in your fleet, finding the most cost-effective solution is critical to the profitability and success of your business. Variable costs like fuel, tires, and maintenance represent a staggering amount of the expenses in a transportation business. 

Federal trucking regulators have requested truckers, especially owner-operators, to assist the agency’s truck leasing task force by providing information on leasing agreements that they believe are unfair.

Members of a federal truck-leasing task force began outlining plans for discussions on how to evaluate potential predatory commercial and motor carrier lease agreements.

Federal regulators have appointed nine individuals to serve on a truck-leasing task force that is charged with evaluating lease agreements in the trucking industry.

Reading, Pa.-based Penske Truck Leasing plans to acquire Star Truck Rentals, a transportation services company that operates facilities in Indiana and Michigan.

The strong freight rates experienced by the transportation industry are driving an increase in truck leasing.

Penske Truck Leasing launched a program that lets carriers sell their old trucks so they can lease a new one, the company announced Dec. 7.