One year after 9/11, the trucking industry is still struggling to find relief from the increased cost of insurance and tight financial markets.
How to stay in the game and maintain a competitive edge has become the top priority for too many struggling motor carriers.
Going back to the classroom may provide an answer for returning to profitability. The "schooling" will take place at the American Trucking Associations (ATA) annual Management Conference and Exhibition, set for Oct. 27-30 in Orlando, Fla.
This year, the National Accounting and Finance Conference (NAFC) has joined forces with ATA to produce some top-shelf educational programs, all of which will focus on key issues and problems facing the trucking industry.
On the ATA-NAFC list are sessions for companies of any size or business model.
Between business challenges, the recession and 9/11, insurance rates have skyrocketed. Learning more about the insurance market and its effect on the trucking industry can help businesses be better prepared for future events. A two-part session features trucking executives, risk managers, transportation insurance professionals -- including underwriters -- who have a hands-on perspective of the transportation insurance industry.
The first session will deliver an overview of the "hard" market, along with practical tips for satisfying underwriting requirements and buying and financing transportation insurance coverage. Session Two will analyze insurance program alternatives, detail steps for renewal and offer key strategies to help you get the most affordable coverage.
Experts will demonstrate the hidden data lenders look for during the loan approval process and outline the market parameters and risk acceptance criteria. Learn how to present your company's financial position to receive the best backing -- even in a market where terms, conditions and lending institutions change rapidly. Even with trucking's cyclical nature, capital intensity and operating leverage, you can maximize predictability and reasonably reduce volatility. Learn how to manage costs to fit available revenues and create a competitive cost structure.
For more information, call (703) 838-1915.