Leases Commercial Transportation Lease Law and 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.