The Trip Lease Exemption: Overview
Motor carriers routinely swap out leased equipment. This is an economical way to keep loaded trucks on the road and therefore on a faster track for delivery. For example, an O/O may be under lease to motor carrier A, which does not have a load for him to take home after he finishes his delivery for it. The O/O may learn that motor carrier B has a load it needs to be delivered in the direction the O/O will be traveling to return home from dropping off the load for A. With the permission of A, the O/O may be able to temporarily lease its power unit to B, and a “trip lease” is born. But suppose the O/O causes a crash while pulling B’s load? Arguably, this situation is addressed by the regulations.
The Trip Lease (a/k/a The Sublease)