Home > Tools > News > OOIDA Cheers Federal Report Calling For Ban On Truck Lease Purchase Agreements
Jan 24, 2025 at 02:51 PM CST
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Truck drivers’ trade group the Owner-Operator Independent Drivers Association (OOIDA) is applauding a report by the Federal Motor Carrier Safety Administration (FMCSA)’s Truck Leasing Task Force which calls for an end to certain truck lease-purchase agreements. However, the future of those recommendations is somewhat cloudy, since the task force released its final report in the waning days of the Biden Administration, and the new Trump Administration likely has different priorities, according to an analysis by transportation law firm Scopelitis, Garvin, Light, Hanson & Feary. |