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Capacity Transportation Capacity Transportation
  • Transportation Insurance
    • Charter Bus
    • School Bus
    • Limousine
  • Solutions
  • About
  • News
  • Contact
  • Get a Quote
Aug 15

DOT Revises Bus Lease and Interchange Regulations

On August 12, the Federal Motor Carrier Safety Administration (FMCSA) announced a final rule that revises the agency’s regulations governing the lease and interchange of commercial buses, which is estimated to save more than $8 million in regulatory costs, without reducing safety.

 

FMCSA’s final rule includes the following revisions:

  • Revises the definition of lease to exclude carriers with FMCSA-issued operating authority that grant the use of their vehicles to each other;
  • Removes the May 27, 2015, final rule’s marking requirements and reinstates the previous vehicle marking requirements with slight modifications;
  • Revises the provision allowing a delay in the completion of a lease, for transactions that require a lease, during certain emergencies; and
  • Removes the requirement that motor carriers chartered for a trip who lease a CMV from another carrier to provide the transportation must notify the tour operator or group of passengers about the lease and the lessor.

There are nearly 8,400 passenger carriers in the United States and more than 547,000 passenger-carrying CMV trips occur annually. FMCSA estimates the adoption of this new rule will create $8.3 million in regulatory cost savings for the U.S. economy.

 

The final rule is a deregulatory action as defined by President Trump’s Executive Order 13771, “Reducing Regulation and Controlling Regulatory Costs.”

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About Capacity Transportation

We are a part of the Capacity Group – an EPIC Company where we represent virtually every major insurance carrier for passenger transportation. This results in the ability to offer comprehensive proposals, policies and competitive pricing. Whether you have one coach or a large fleet and a small office or multiple locations, Capacity Transportation can service and protect your company and assets.

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