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Leases Commercial Transportation Lease Law & Legal Definition

The commercial transportation industry is composed of motor carriers, motorcoach and bus companies, private fleet operators, railroads, shippers, terminal operators, stevedoring companies, airlines, and barge operators. A lease for commercial transportation may be financially advantageous when compared to a purchase of the same. A lease for commercial transportation needs to take into account many factors, including responsibility for taxation, regulatory requirements, liability for loss or injuries, among other issues.





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