FMCSA is looking for members for Truck Leasing Task Force
The Federal Motor Carrier Safety Administration (FMCSA) has begun accepting applications for the Truck Leasing Task Force.
The bipartisan Infrastructure Law provides for Leasing Task Force (TLTF) creation. The group will include 10 members.
These are representatives of trade unions, carriers, consumer protection groups, lawyers, owner-operators and other relevant businesses. The TLTF will submit a report to the FMCSA and the US Department of Labor.
“The Truck Leasing Task Force represents one of the important actions the administration is taking to improve the trucking industry,” said Transportation Secretary Pete Buttigieg. “Truck drivers of America deserve fair leasing deals, and this work will help ensure leasing is fair.”
TLTF will cover many areas related to truck leasing arrangements, including:
- Exploring predatory truck leasing arrangements in coordination with DOL 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
- 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 CMV drivers in reviewing the financial impacts of leasing agreements
Apply at www.fmcsa.dot.gov/tltf
Applications are open until Friday, May 6th.