Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Truck Leasing in a Down Economy: How to Prepare

By Edward Castagna
March 26, 2008

'How bad is it?' It may sound like the set-up line to an old joke, but in reality, this is probably the question most asked by any number of business leaders and experts when talking about the current economy. Without doubt, the economy appears headed for a downturn, based on the analyses and reports issued by dozens of major corporations, analysts, and government agencies.

This is currently most prevalent in the trucking sector, which saw a dramatic increase in repossessions and liquidations in the past year, according to Nassau Asset Management's NasTrac Quarterly Index (NQI). Some of the reasons for this spike involve issues beyond current economic conditions, as we will discuss in this article. However, it is clear that the changing fortunes of the housing market have had a negative 'ripple effect' on trucking.

Read These Next
Bankruptcy Sales: Finding a Diamond In the Rough Image

There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.

Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs Image

A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.

Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It Image

Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?

A Lawyer's System for Active Reading Image

Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.

Blockchain Domains: New Developments for Brand Owners Image

Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.