There are positive signs in the trucking industry for 2012 after the successful numbers from 2011 suggest an incline in business.
The American Trucking Association released its index, stating that shipment weights for commercial trucks rose 6.8% in December 2011 for November. This may seem likely due to the holiday season, but numbers are season-adjusted and accurately reflect an increase. (more…)
Here at Royalty Truck Insurance, we like to keep you current on changes in legislature, policies, and other trucking news. Here is what has happened this month and changes coming next month. (more…)
As car manufacturing companies continue to move away from fossil fuels, the trend should become increasingly present in the trucking industry as well. In fact, a recent Pike Research report suggests that the hybrid truck sales will nearly double in 2012. (more…)
Last week we outlined the changes made by the Department of Transportation for truck drivers on December 22, 2011 in an ongoing effort to keep our clients informed about important trucking news. This week, I will break down the law changes in order to show how they affect truckers, which changes are positive, and which ones did not go far enough.
Let me begin with a disclaimer: safety is always a priority when it comes to trucking. Being in the commercial truck insurance industry, I have seen my fair share of life-ending accidents and any measures that could be used to reduce those are valuable. (more…)
The Department of Transportation (DOT) announced on December 22, 2011 that it was changing laws in order to reduce commercial truck driver fatigue. The updated rules revise the hours-of-service (HOS) for truck drivers so that they aren’t forced to be on the road for extended periods without rest. (more…)
The Associated Press reported a holiday story that is one part hilarious and one part tragic. Just a few days before Christmas, a truck carrying 40,000 pounds of ice cream tipped over and spilled its contents. The mess was simultaneously delicious and horrific. (more…)
The commercial truck insurance industry has many complex aspects that we at Royalty Truck Insurance try to simplify for your ease. But it is important that you at least have a minimal understanding of some of these forms and coverages, in order to better protect your truck and business. One of the pieces of paperwork we file for you is the MCS-90 Form. (more…)
On October 22, 2011, Royalty Truck Insurance participated in the First Slavic Truck Fair at Bethany Park in Sacramento, California. The event was a rousing success and Royalty was proud of our role. (more…)
According to the Department of Energy on Monday, November 7, 2011, diesel prices fell a half-cent to $3.887 per gallon, the first time it has dipped in over a month. Gasoline, meanwhile, continued to decline for the third consecutive week.
While this news does bring slight optimism to commercial truckers, it is still too early to predict if the trend will continue.
During the previous three weeks, diesel rose by 17.1 cents, quite a steep incline. In fact, even with the drop in price on Monday, diesel is still 77.1 cents higher that it was on the same week in 2010.
Likewise, gasoline is 55.9 cents above 2010’s prices for the equivalent week, despite a drop of 2.8 cents on Monday, the third consecutive week with a downward trend.
What will the future hold for the prices of gasoline and diesel? It is hard to say. With the planned withdrawal of US troops from Iraq in the following months, unrest may ensue, bringing instability to the region and fuel prices.
In addition, the price of oil was over $95 per barrel on the New York Mercantile Exchange, higher than any closing price in three months. Time will tell how the volatile market will respond.
With soaring diesel and gas prices looking in the distance, it is important to take advantage by lowering other costs to your business. One way is to find cheaper commercial trucking insurance. Talk to a Royalty customer service representative about lowering your rates: 1-866-989-8998
Find other helpful hints and truck insurance news on our Commercial Truck Insurance Blog, including this article on preparing for the winter weather.
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With fall whipping in like a blustery wind, the falling leaves signal that winter is right around the corner. And with the frigid cold of the waning 2011 calendar, an increase in accidents and automotive predicaments are sure to accompany. But there are precautions you can take in order to reduce the probability of accidents occurring. (more…)