Despite strategies motor carriers are using to reduce premiums, most still reported rising insurance costs. One report says a more holistic strategy is needed.
Vocational fleets of both vehicle classes appear to value the same training and tech strategies.
The average cost per mile for motor carriers fell in 2020, as reductions in fuel and driver benefits costs offset rising costs in nearly every other area.
Addressing trucking company reputations, leveling the scales of justice, and watching for what's next when it comes to nuclear verdicts, in the All That's Trucking blog.
The COVID pandemic has created a spike in fraudulent claims targeting vocational trucks by instigating staged accidents, which involves maneuvering an unsuspecting employee driver into an intentional crash in order to make a false insurance claim or to file a lawsuit against the company if it is self-insured.
Captive insurance companies are becoming more popular as a way for motor carriers to keep auto and liability insurance costs down. L&F Distributors, a Texas-based beverage distributor with some 1,000 power units, applied the same approach to healthcare costs.
The developers of a new app say it can help monitor risky driving, prevent equipment theft, defend against lawsuits, and digitize insurance claims, and reduce insurance costs – all without installing any hardware in the truck.
A nearly $500 billion highway funding bill headed to the House floor faces an uphill battle, with critics saying it's partisan and focuses too much on "green" transport.
OSHA Fines, Worker's Comp Claims, Lost Productivity, Lawsuits, Higher Insurance Costs, Equipment Downtime. The Pitfalls of Not Managing the Dangers in the Shop
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