FMCSA Creates New Task Force Against Predatory Leasing
As part of Biden's Trucking Action Plan, the Federal Motor Carrier Safety Administration has created a a new task force that will focus on truck leasing agreements and whether predatory arrangements affect driver safety.
The task force will include a maximum of 10 members representing commercial carriers, owner-operators,
labor, consumer protection groups, law firms and businesses subject to trucking lease-purchase agreements.
Some of the duties that this task force will focus on include:
- Exploring predatory truck leasing arrangements in coordination with the Department of Labor and the Consumer Financial Protection Bureau.
- Evaluating common truck lease agreements and their terms, identifying and reviewing those that are potentially inequitable in the motor carrier industry.
- Reviewing agreements available to drayage drivers at ports.
- Examining whether truck leasing agreements properly incentivize the safe operation of vehicles, including driver compliance with hours-of-service regulations and speed laws.
- Studying the impact of truck leasing agreements on the net compensation of commercial motor vehicle drivers.
- Examining truck leasing arrangements and financing arrangements among motor carriers, entry-level drivers, driver training providers and others involved in the industry.Assessing resources that assist truck drivers in reviewing the financial impacts of leasing agreements.
Nontraditional representatives, in particular women and people of color, are encouraged by FMCSA to apply to the task force.
