In the commercial truck insurance industry, we deal with a lot of accidents. Royalty agents are adept at assessing damage and determining liability. But even with decades of practice, we still have to deal with attempted truck insurance fraud from time to time. (more…)
Commercial Truck Insurance
The Federal Motor Carrier Safety Association (FMCSA) has many rules for truckers of driving on the road to increase the safety of truckers, other drivers, cargo, and the environment. Hazardous materials haulers have special regulation and truck insurance because their freight is harmful or deadly if spilled in an accident.
To read all of the hazardous materials regulations in depth, click here. Otherwise, here is a brief overview of some of the important facets. (more…)
Everyone who has been in the trucking industry knows how expensive commercial trucking insurance can be. It is actually one of the top expenses of the business, for many reasons.
For one thing, a truck has the potential to cause a lot of damage should an accident occur.
Secondly, the cargo must be insured to protect it from any harm or from causing harm if you are a hazardous materials hauler.
And thirdly, your job depends on your ability to drive, so when you are injured or your truck is broken, you cannot earn an income.
Where does this leave the trucker trying to save money and cut costs? Well, luckily for you, a few options do exist. Here are some tips to reduce your truck insurance costs. (more…)
In order to compete with their largest rival, Unite Parcel Service, FedEx bought the Polish shipping company Opek. The European delivery market has been dominated by UPS, so when Opek announced intentions to sell their business, FedEx saw it as an opportunity to expand overseas. (more…)
Despite the highest unemployment rate in almost 30 years, the trucking industry actually has a bunch of open positions that employers cannot find qualified truck drivers to fill.
So how is it possible that there are well-paying jobs available without qualified candidates to fill them? And during a recession? Here are a few of the factors that contribute to the industry need for more truckers. (more…)
A semi-truck in Milwaukee, Wisconsin crashed on Monday, March 26, 2012, spilling sulfuric acid on the intersection of N. 76th and (ironically)W. Good Hope Road. The HazMat team was on the scene cleaning up the spill while authorities blocked off the blocks between N. 76th and W Bradley Road.
Luckily, early reports said that the crash isn’t dangerous to local people, but precautions are being taken regardless. Traffic is being diverted until the mess is cleaned up. (more…)
Natural Gas Storage
Like the blooming of flowers, baby animals breathing their first breath, and the start of Baseball season, skyrocketing fuel prices signal the beginning of spring.
Yes, every year around this time, gasoline begins to increase day-by-day, week-by-week, regardless of who is president, what the foreign situation is, and who America is at war with. This trend can be attributed to a few causes, but namely it is believed it is rising to meet the impending summer fuel consumption when family vacations and teenagers out of school create an increased demand for gas. (more…)
Although we have previously reported news about the increased production of the trucking industry, the truth is that there is still a lot of uncertainty. Higher gas prices, pressure for better trucker wages, and questions in the market have created obstacles for businesses to overcome. (more…)
Netherlands-based package delivery company TNT Express NV has reported fourth quarter losses of €173 million or $229 million U.S. Factors for the lack of profits include expensive fuel prices, a bad European economy, and bad business in Brazil. (more…)
On Tuesday February 14, Wyoming State Troopers seized 242 pounds of marijuana from a truck that was hauling other cars. (more…)